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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.