Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong

This paper explored the tax practitioners 'views on taxation of capital gains in New Zealand. An 8-page questionnaire was sent to 507 tax practitioners to discuss various tax issues relating to capital gains. The tax issues were taxation on property, rollover relief, indexation and several othe...

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Main Authors:	Cheng, Alvin, Yong, Sue
Format:	Article
Language:	English
Published:	Research Management Institute (RMI) 2011
Subjects:	Working capital Revenue. Taxation. Internal revenue
Online Access:	http://ir.uitm.edu.my/id/eprint/13089/ http://ir.uitm.edu.my/id/eprint/13089/1/AJ_ALVIN%20CHENG%20SMRJ%2011%201.pdf

id	uitm-13089
recordtype	eprints
spelling	uitm-130892016-06-30T01:08:44Z http://ir.uitm.edu.my/id/eprint/13089/ Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong Cheng, Alvin Yong, Sue Working capital Revenue. Taxation. Internal revenue This paper explored the tax practitioners 'views on taxation of capital gains in New Zealand. An 8-page questionnaire was sent to 507 tax practitioners to discuss various tax issues relating to capital gains. The tax issues were taxation on property, rollover relief, indexation and several others. The findings overwhelmingly showed that a capital gains tax (CGT) was not supported by most tax practitioners, A plausible reason for the strong opposition to a CGT by the tax practitioners was attributable to the increased compliance costs and the interpretation surrounding the CGT legislation. The absence of a comprehensive CGT in New Zealand can potentially provide lucrative business opportunities for tax practitioners by advising their clients to convert taxable incomes into tax free capital gains. However there was no empirical evidence to suggest that the loss of tax revenue was due to such tax planning activities. This might be due to the uniqueness of certain types of gains, which would normally be regarded as capital in nature inforeign jurisdictions deemed to be income in New Zealand. Research Management Institute (RMI) 2011 Article PeerReviewed text en http://ir.uitm.edu.my/id/eprint/13089/1/AJ_ALVIN%20CHENG%20SMRJ%2011%201.pdf Cheng, Alvin and Yong, Sue (2011) Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong. Social and Management Research Journal, 8 (1). pp. 51-84. ISSN 1675-7017
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Working capital Revenue. Taxation. Internal revenue
spellingShingle	Working capital Revenue. Taxation. Internal revenue Cheng, Alvin Yong, Sue Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
description	This paper explored the tax practitioners 'views on taxation of capital gains in New Zealand. An 8-page questionnaire was sent to 507 tax practitioners to discuss various tax issues relating to capital gains. The tax issues were taxation on property, rollover relief, indexation and several others. The findings overwhelmingly showed that a capital gains tax (CGT) was not supported by most tax practitioners, A plausible reason for the strong opposition to a CGT by the tax practitioners was attributable to the increased compliance costs and the interpretation surrounding the CGT legislation. The absence of a comprehensive CGT in New Zealand can potentially provide lucrative business opportunities for tax practitioners by advising their clients to convert taxable incomes into tax free capital gains. However there was no empirical evidence to suggest that the loss of tax revenue was due to such tax planning activities. This might be due to the uniqueness of certain types of gains, which would normally be regarded as capital in nature inforeign jurisdictions deemed to be income in New Zealand.
format	Article
author	Cheng, Alvin Yong, Sue
author_facet	Cheng, Alvin Yong, Sue
author_sort	Cheng, Alvin
title	Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
title_short	Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
title_full	Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
title_fullStr	Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
title_full_unstemmed	Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong
title_sort	explorations of structure and choice in taxing capital gains in new zealand : tax practitioners' perspectives / alvin cheng and sue yong
publisher	Research Management Institute (RMI)
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/13089/ http://ir.uitm.edu.my/id/eprint/13089/1/AJ_ALVIN%20CHENG%20SMRJ%2011%201.pdf
first_indexed	2023-09-18T22:49:50Z
last_indexed	2023-09-18T22:49:50Z
_version_	1777417470346264576

Explorations of structure and choice in taxing capital gains in New Zealand : tax practitioners' perspectives / Alvin Cheng and Sue Yong

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