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
www.shutterstock.comThe 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...
