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<blockquote data-quote="stewart" data-source="post: 7056146" data-attributes="member: 42710"><p>If you are wanting to reduce the amount of income tax paid then simply increase GST, user pays, those that spend more pay more tax. We currently have no capital Gains Tax in NZ, long may it continue, it is a jealousy tax and easily avoidable if roll over relief is in place, however this does tend to drive the price of land and other assets higher and out of the reach off those that have not sold an asset.</p></blockquote><p></p>
[QUOTE="stewart, post: 7056146, member: 42710"] If you are wanting to reduce the amount of income tax paid then simply increase GST, user pays, those that spend more pay more tax. We currently have no capital Gains Tax in NZ, long may it continue, it is a jealousy tax and easily avoidable if roll over relief is in place, however this does tend to drive the price of land and other assets higher and out of the reach off those that have not sold an asset. [/QUOTE]
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