Without a capital gains tax, taxing inheritances is the best opportunity to address the entrenched inequalities of inter-generational wealth, argues Jonathan Barrett. The world’s wealthiest people will transfer US$15.4 trillion in assets to their heirs in the next decade, according to a recent report. Published by specialist data analysts Wealth-X, the report focused on the … Read more
The tax department is currently chasing millions from so-called ‘High Wealth Individuals’ who won’t pay up. But when inequality is spiralling, why not set a maximum level of wealth, and simply take the rest for the betterment of all, asks Alex Braae. Drive into Omaha and you’ll barely notice the road. The tarmac throughout the … Read more
Despite the bitter disappointment of those who backed capital gains tax for a win, it’s not the only horse in the wealth tax race. Max Rashbrooke studies the form guide. If the capital gains tax were a horse, Jacinda Ardern’s announcement earlier this month was the final nobbling of an equine that, despite praise from … Read more
If tax is love then New Zealand needs to show a lot more affection, writes Max Harris. The Spinoff is hosting Tax Heroes – a series covering tax, who pays it and what it means. Click here to read more. Love is a deep warmth that we direct towards other things. It’s a value we … Read more