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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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."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.