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by sam_bristow 96 days ago
I'll give you most of those criticisms, but I'm a little surprised you think our tax system is overly complicated. For the vast majority of people it's pretty much just a progressive PAYE income tax handled by your employer and a flat 15% GST/VAT on purchases without all the carve outs that seem common elsewhere.

Genuinely curious what I'm missing.
1 comments
DaedalusII 96 days ago
the capital gains tax system in nz is complicated and inconsistent compared to most countries, bright line tests

the way that nz taxes foreign sourced income is also very complex with 'deeming rules' etc

it results that rich people probably pay 10% total tax and normal people pay 20%+ income tax, and then normal people cant afford real estate and move to australia.

link