Treasury raises the issue of Capital Gains Tax, charities business income exemption & more by The New Zealand Tax Podcast published on 2024-02-10T00:22:46Z This week Treasury talks about the elephant in the room, capital gains tax, in its briefing for the new Finance Minister; Inland Revenue releases consultation on the extent to which business income a charitable entity derives is exempt from tax; and A Waikato sharemilker who used COVID support money on online gambling gets found out by CSI Inland Revenue. Genre Business Comment by Susan St John Thanks Terry for this valuable podcast. The threshold issue is huge. Can I put in a plug for the WFF fixed threshold problem. So many sole parents that I see on a modest income try to earn more and find that everything over 48,000 is effectively confiscated. tax 30%, loss WFF 27%, student loan 12% acc 1.5%, accommodation supplement 25% y low income workers with children are affected. The longer it is unaddressed the harder it will be to remedy. Typically I see the sole parent on a modest wage trying to earn a bit more and needing to earn more to survivie finding that everyhtinbg they earn over 48,000 is effectively confiscatedd 2024-02-12T21:57:22Z