Tax Balance

Welcome to the New Zealand Capital Gains Party 


























Our Mission 


is to improve the tax balance between the rich & middle class by fixing the problem, which is billions being made tax free on long term capital gains.




















New Zealand 


has short term capital gains tax that comes & goes depending on whos in government but we have never had long term like most countries do.

























The top 10% of kiwis


own roughly 60% of all the wealth & the report below tells us they are roughly only paying 10% tax when everyone else is paying 20%. It is them we are targeting. 















Wasteful spending


Some of them are using wasteful government spending as an excuse not to bring in captax, but wasteful government spending costs everyone & is a separate problem.

















Future unbalance


Some of them are claiming if they start paying fairer tax now they may get overtaxed later by a future unbalanced government. Not willing to do the right thing now from fear of over taxation in the future is just another selfish brainwash.





























Capital gains used to be a moderate earner


but over the last 20 years its become a big largely untaxed earner. And that's the imbalance.
























We will tax all capital gains 10%


except the family home, the bach, the first 10 million of investments & CPI inflation. So it won't affect the welloff.























Once the extra tax

begins to flow in we will reduce tax for the welloff, the middle & poor.




 



















The Wealthy

 

will only have to pay tax if they sell an investment so it never affects their cashflow.























For Example


if a rich farmer makes 20 million capital gain on his farm when he sells it, he roughly pays 1 million tax instead of no tax.
























Many Rich kiwis actually say

 

" a long term capital gains tax would be fair " as they have a social conscience.
























We are a Coalition party


so we will join with other parties & they will manage all other policies.
























We will have no policies on anything


other than Capital Gains Tax.






















Lets just start at 10%


like we did with GST & future governments can work out whats the best balance. 


Because like everything in life its about balance.





















Watch this video explaining Captax


https://www.youtube.com/watch?v=_2kQqPH85gc 

























 "A country without long term captax 


is like a boat with a crooked rudder


You can tie string to the steering wheel or you can fix the rudder "


Tim Allen

                                                                                             

                      





















 There is no such thing as a perfect tax 


& captax will not be perfect, but it will add balance to New Zealand.



                                                                 

                            

                      





















 It will be a big investment for IRD


And it will take a long time before it contributes.


But eventually kiwis will get an excellent return on that investment. 


& it will create more IRD & accounting jobs for kiwis which are producing fair tax.















Tax reduction with aging population


Treasury has announced that with our aging population income tax will reduce in the future but a captax would not.  






                                                                                             

                      





















 Is there an alternative tax that may be better ?


We think not. Tax is largely about paying a percentage of ones earnings to their government to run a country. Capital gain is an earning once the investment has been sold. 















Some have suggested bringing back stamp duty


Which is a tax that you pay every time you buy a property, which is not an earnings tax, so we dont think thats fair.  














Is captax a wealth tax ? 


No its an earnings tax. We don't believe in taxing wealth, just earnings.


                                                























 Is Captax about taxing out of recession ?


No thats a mislead, its simply about getting the richest kiwis paying the same percent of tax as everyone else



                                                                                            

                    



















 Another mission


of this site is to provide ideas to other parties, journalists & the public. Anybody is given permission to report or copy any data off this site. 



                                                                                            

                    





















What happens in the event you sell an investment at a loss ?

You get a refund (offset)














Will Captax send capital out of New Zealand ?

No as most countries have been taxing it for decades

























Why has labour not brought in a captax ?

 

They did want to. Captax is a differcult tax to introduce as many middle incomers vote it out as they think they are rich & they think it will cost them.  


To bring it in without losing an election requires skillful education. Labour began campaigning on it in 2019 & then the Christchurch mosque attacks happened & they had to abandon it. 


We at the Cap party suspect it may require a specialist party to take the bullets to achieve success. 























If this is a subject you are interested in 

we recommend you visit this site again as we regularly update it with more ideas












Rough

Our policies are only rough at this stage & we will MRAPA more details if we get donations

































We are seeking donations Now to start up the party.