Podcasts Other The Mike Hosking Breakfast Rebecca Armour: KPMG Tax Partner says there is an argument for a capital gains tax

Rebecca Armour: KPMG Tax Partner says there is an argument for a capital gains tax

Published: April 27, 2023, 7:36 p.m.

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There has been plenty of discussion amongst tax experts around fairness within the system.

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Prime Minister Chris Hipkins has confirmed no major tax overhaul will be made in this term of government, including on capital gains.

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But, KPMG Tax Partner Rebecca Armour told Mike Hosking there\'s an argument for one, where people in the same economic position pay the same amount of tax.

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She says people earning $50,000 in salary have an effective tax rate which is much higher than someone earning the same amount in the form of a capital gain.

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