The Latest Breaking News from capital gains

New Zealand’s millionaires pay lower tax rates than cashiers – it’s time to fix the system

Inland Revenue report finds New Zealand’s 311 wealthiest families pay 8.9% of their income in tax, compared to 10.5% paid by minimum wage workers

The Guardian - AU · Apr 27, 2023

Capital Gains Taxes Trap: How to Avoid Mutual Fund Tax Bombs

It’s bad enough when your mutual fund’s assets lose value, but owing unexpected capital gains taxes after those losses is doubly frustrating.

Kiplinger · Apr 24, 2023

Australian Taxation Office to force banks to hand over landlord data in investment property crackdown

Exclusive: Incorrect reporting of rental property income and expenses, and failure to declare capital gains are all in the spotlight

The Guardian - AU · Apr 11, 2023

How to make $100,000 or more and pay no income taxes

Yes, it’s entirely possible to make more than $100,000 and pay no federal income tax on it, and this article will show you exactly what you need to do to claim your tax-free cash. It’s completely legal – and incredibly! – the tax code almost seems to encourage you to…

Tribune News Service · Apr 5, 2023

Superannuation shouldn’t be a taxpayer-subsidised inheritance scheme

The government’s plan to limit tax breaks on earnings on balances larger than $3 million is a good start. The government should go further.

The New Daily · Apr 4, 2023

Want to Reduce Investment Taxes? Consider These Five Ways

Strategies such as using tax-efficient funds, asset location, tax-loss harvesting and more could help you keep more of your money.

Kiplinger · Apr 4, 2023

Rachel Reeves says Labour does not plan to increase capital gains tax

It comes after Angela Rayner said Rishi Sunak ‘pays a far lower tax rate than working people’ because most of his earnings came from capital gains.

The Independent UK · Mar 30, 2023

Savings ISAs: different account types explained

Rising interest rates are making savings accounts more attractive, but there is a higher risk of the taxman taking a chunk of your hard-earned returns. 

The Week · Mar 29, 2023

Controversial Capital Gains Tax Upheld in Washington

The state’s historic long term capital gains tax is projected to bring in $1 billion over the next two years.

Kiplinger · Mar 28, 2023

Readers reply: why do we pay twice as much tax on earned income than on unearned income?

The long-running series in which readers answer other readers’ questions on subjects ranging from trivial flights of fancy to profound scientific and philosophical concepts

The Guardian - UK · Mar 26, 2023