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OECD Proposes Reforms For New Zealand

by Mary Swire, Tax-News.com, Hong Kong

18 June 2015


The Organisation for Economic Cooperation and Development (OECD) has outlined a number of fiscal policies that New Zealand could implement to ensure sustainable economic growth.

The OECD said in its Economic Survey for New Zealand that additional revenues could be raised by implementing a capital gains tax and boosting environmental and property taxes.

The report also urged the nation to consider diversifying revenue sources for infrastructure funding, by, for instance, taxing the windfall gains that accrue to landowners from rezoning land for urban use.

The OECD noted previous tax recommendations that have not been adopted by the Government. These include realigning corporate, capital, and top marginal income tax rates, or cutting capital income tax rates.

TAGS: capital gains tax (CGT) | environment | tax | economics | property tax | fiscal policy | Organisation for Economic Co-operation and Development (OECD) | environmental tax | tax rates | New Zealand | tax reform

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