Kerre Woodham: What was the point of that IRD tax report?
Last week, in fact, this very time last week, we were speculating wildly as to whether the IRD's report on New Zealand's wealthiest individuals was going to pave the way for a capital gains tax in this country.
The report came out yesterday afternoon. It just sort of sat there - there was a big ta-da and then nothing.
We're an outlier as far as the rest of the wealthy nations of the world go, in that we have no capital gains tax, unless you count the bright line test, which is kind of a mini capital gains tax.
The report came out yesterday, and then what? Nothing.
At the same time as he…
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