Hacker News new | ask | show | jobs
by DaedalusII 112 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.