And it's not the only existing provision the Inland Revenue could look at enforcing in the face of runaway house prices and wealth inequality.
The government has a range of different tax measures available to cushion the blow of Covid-19. But will it use any of them?
Uber's habit of pushing tax rules to breaking point is the reason Terry Baucher refuses to use the ridesharing service. But price and convenience outweigh most people's moral indignation, he writes.
The government should go ahead and introduce a digital services tax to show the likes of Facebook and Google that their tax planning practices are unacceptable.
Along with no CGT the Labour government is left with other tax headaches like what to do about sugar consumption, the environment, and tax thresholds that haven't changed in a decade.
Imposing a digital services tax will concentrate the tech giants' minds on their woeful response to the Christchurch massacre, writes Terry Baucher.
SkyCity's moves to set up an offshore online gambling subsidiary throw up a huge range of questions about just how tax should work in the digital age
Employee subsidies for public transport, less tax on KiwiSaver: There are some gems in the government's latest tax report other than the capital gains distraction, writes tax expert Terry Baucher.
Provisional tax has long been contentious among small business owners. A new cloud-based system has been launched, but it could be grounded by the same old problems
The Government has announced an increase in the minimum wage. But low income earners could be better off with an change in the tax brackets instead, accountant Terry Baucher says.
Any political party wanting a fairer, more productive New Zealand needs to address the issue of the taxation of capital, argues Terry Baucher.