Increasing CGT to one of the most expensive in the world doesn’t need a citation… Engage in some basic thought.
You create a business, take on massive risks, fund it yourself even, then when you go to sell you’re looking at essentially 100% capital gain
That’s not extremely attractive. Why not create the business in Nev Zealand where that would incur 0% tax, because they don’t have CGT?
naevaTheRat@lemmy.dbzer0.com 13 hours ago
That’s a hilarious misrepresentation of tax laws in NZ lol but just taking the logic, why doesn’t everyone just only invest in panama or some other tax haven?
Could it be because more than just “how lowest tax?” goes into where people can start businesses? Hmmmmmmm?
ryannathans@aussie.zone 12 hours ago
There is literally no tax in NZ on selling shares in private companies.