New Zealand introducing a capital gains tax is back in the spotlight following the release of the bombshell IRD report.

Sir Ian Taylor has voiced support for a capital gains tax and reckons other business people he knows would be happy to pay one.

He explained that a capital gains tax would help cover the significant costs New Zealand faces in terms of health, education and infrastructure.

"That's how businesses operate. We took risks, there were times where things looked really tough, but we got through those. But equally, if I come out the end of this and somebody ended up buying this- which isn't the intention- but if they did, I would fully expect that there would be a margin."

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