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The Times

Forget a capital gains tax – what New Zealand needs is a tax on inherited wealth

  • Written by Jonathan Barrett, Lecturer, Te Herenga Waka — Victoria University of Wellington
Forget a capital gains tax – what New Zealand needs is a tax on inherited wealthwww.shutterstock.com

The world’s wealthiest people will transfer US$15.4 trillion in assets to their heirs in the next decade, according to a recent report.

Published by specialist data analysts Wealth-X, the report focused on the richest 0.1% (those with net assets worth over US$5 million), but it’s a similar story for the more...

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