New Zealand Already Taxes Some Unrealised Capital Gains

They’re called the “Foreign Investment Fund” rules.

No one I’ve seen writing about income inequality or wealth inequality in New Zealand has discussed them.

This speaks highly to their credibility – before launching into “solutions” for a “problem” they don’t even make the effort of understanding the different taxes that wealthy New Zealanders actually pay!

Please tweet me links to wealth tax articles suggesting expanding the FIF rules to all assets if I’m incorrect here – inequality whingers aren’t even aware of New Zealand’s current tax rules, but several commenters on their articles are.

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