Tax Working Group final report
A spectrum of choices
The Tax Working Group has released its final report. While its recommendations will hardly come as a surprise following the Interim Report last year, the final report provides further detail as to how a capital gains tax could be designed, and also how any revenue gained could be spent. The potential spending packages all come with a hefty spend on tinkering with the lowest tax rate band, but also include some options to help businesses and increase savings (particularly for low income earners).
For our assessment of the capital gains tax proposals, refer to our article.
For a snapshot of the spectrum of issues a capital gains tax could raise, and a summary of the other business and savings proposals, please see our infographic.