New Zealand Will Not Implement Capital Gains Tax

New Zealand Prime Minister Jacinda Ardern has announced that the government will not proceed with plans for the implementation of a capital gains tax in response to recommendations of the Tax Working Group. The announcement is as follows and a table detailing the government responses to each recommendation can be found at the following link.

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The Coalition Government will not proceed with the Tax Working Group's recommendation for a capital gains tax, Jacinda Ardern announced today.

"T…