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“Troy Bowker’s claims in today’s Business Herald about the reliability of data used by the Tax Working Group lack credibility”, says the Chair of the Group, Sir Michael Cullen.

Sir Michael Cullen, Chair of the Tax Working Group (TWG) has responded to a request to comment on recent claims about the effect on farmers of the Group’s recommendations regarding environmental taxes and extending the taxation of capital gains.

In responding to a National Party claim that extending capital gains taxation as recommended by the Tax Working Group would mean that “the average person’s KiwiSaver” would be worse off, Tax Working Group Chair, Sir Michael Cullen said that the analysis

Tax Working Group Chair Sir Michael Cullen says there’s no proposal under consideration that would require every New Zealand business to obtain a professional valuation all on the same day.

The Tax Working Group’s public consultation has drawn to a close with 6,700 submissions received on the future of tax.

Group chairman Sir Michael Cullen says these views will help inform the interim report to Ministers due in September.

New Zealanders have a week left to submit their ideas on the future of tax.

A national conversation is well underway on the future of tax and the Tax Working Group remains open minded about where it will lead.