A question for David Cunliffe about CGT

in-your-money

 

Killer question for Cunliffe on CGT.

How much will it cost to implement?

The IRD is in the process of spending about $1.5B replacing their current software.

I can be pretty sure that CGT has not been factored into that. The cost will mostly be upfront and will be 100s of millions of dollars.

This does not even count the whole compliance costs. Lawyers and accountants will be collectively licking their lips.

Best guess it will take at least 3 years to put in place and will be cash negative for at least 7 years.

Why doesn’t anyone ever ask these questions?

Too busy looking at private emails I guess.

 


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story.  And when he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet.   Cam Slater doesn’t do quiet, and as a result he is a polarising, controversial but highly effective journalist that takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him.  But you can’t ignore him.

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