A PWC tax partner says discussions around a Capital Gains Tax will continue, as the country grapples with raising enough revenue.

ANZ head Antonia Watson has told RNZ the time has come for a Capital Gains Tax.

Sandy Lau says it'll likely be in the mix of options officials consider in long-term planning for New Zealand's tax system.

"I don't think having a Capital Gains Tax is going to be the silver bullet, so to speak, that will fix all the problems - but it may be one of the few things that needs to be done to make sure that the tax system continues to be successful in the future."

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A PWC tax partner says discussions around a Capital Gains Tax will continue, as the country grapples with raising enough revenue.
ANZ head Antonia Watson has told RNZ the time has come for a Capital Gains Tax.
Sandy Lau says it'll likely be in the mix of options officials consider in long-term planning for New Zealand's tax system.
"I don't think having a Capital Gains Tax is going to be the silver bullet, so to speak, that will fix all the problems - but it may be one of the few things that needs to be done to make sure that the tax system continues to be successful in the future."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Sandy Lau: PWC tax partner on ANZ's Chief Executive voicing support for a Capital Gains Tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0a4bb3e6-4d2d-4747-955a-b1f6006a7769/transcript