Magic Talk drive host Ryan Bridge speaks with Sir Michael Cullen, chair of the Tax Working Group.
In February, the Tax Working Group (TWG) recommended the Government should introduce a capital gains tax (CGT).
The TWG also said it should reduce KiwiSaver and personal income taxes, and increasing taxes around protecting the environment.
Listen to the full interview below.
The CGT would apply to all gains and losses on land and improvements (except the family home), including shares and business assets. It would not apply to personal items, like bikes, boats and art.