Axe This Tax

New Zealand’s tax system is admired around the world for its simplicity, affordability, and fairness. The capital gains tax proposed by Sir Michael Cullen’s Tax Working Group would put all of this at risk.

It is bureaucratic, costly, and would be the harshest in the world. It will curtail entrepreneurship and investment, meaning a reduction in all New Zealanders’ economic prosperity.

The rate is one of the world’s highest, it would be unfairly levied on inflation, it would require costly and fraught asset valuation, and in many cases it would break the Government’s promises by targeting the family home.

New Zealanders deserve better than this unfair tax.

Your message will be more effective and likely to make a difference to the decisions in the Beehive if you give an example of how the tax will affect you personally.

Email the decision makers to axe this tax.

Use the text below, or write a more personal message. Your message will go to both Jacinda Ardern and Winston Peters.

<div>
<p>Dear Jacinda Ardern and Winston Peters,</p>
</div>
<div>I am writing to ask you and your party to reject the Capital Gains Tax proposed by the Government’s Tax Working Group.</div>
<div>The proposed tax is an unfair tax that will hurt hundreds of thousands of New Zealanders.</div>
<ul>
<li>It <strong>unfairly</strong> <strong>taxes</strong> people with assets for <strong>inflation</strong></li>
<li>It will <strong>unfairly</strong> <strong>tax</strong> 350,000 <strong>home owners who live on a lifestyle block</strong> even if they only have one home</li>
<li>It will <strong>unfairly</strong> <strong>impose billions of dollars of compliance costs</strong> on 500,000 small businesses</li>
<li>It will <strong>unfairly tax farmers</strong> who sell a farm in order to buy another farm</li>
<li>It will <strong>unfairly</strong> lead to <strong>higher rents</strong> for over a million tenants</li>
<li>It is an <strong>unfair</strong> <strong>double tax</strong> on 500,000 <strong>business owners</strong> who already pay company tax</li>
<li>It will <strong>unfairly</strong> <strong>benefit tax lawyers</strong> and accountants who can exploit American-style loopholes</li>
<li>It will <strong>unfairly</strong> <strong>advantage foreign owners</strong> of New Zealand shares and disadvantage 800,000 New Zealand investing in local companies</li>
</ul>
<div>This proposal cannot be salvaged. I ask you to reject a capital gains tax outright.</div>
<div> </div>
<div>Yours sincerely,</div>

I would like to BCC myself

New Zealand’s tax system is admired around the world for its simplicity, affordability, and fairness. The capital gains tax proposed by Sir Michael Cullen’s Tax Working Group would put all of this at risk.

Your message will be more effective and likely to make a difference to the decisions in the Beehive if you give an example of how the tax will affect you personally.

Email the decision makers to axe this tax.

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