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Billboard, supporting capital gains tax, removed from CBD building

Debate over tax reform and support for a capital gains tax took an unexpected turn at the corner of Taranaki and Ghuznee Streets today, when a billboard was taken down without any warning.

Photo: Palaver Media / Wellington.scoop

Tax Justice Aotearoa New Zealand had booked the space until 3 May.

The organisation is seeking clarification on information it has received that a decision to dismantle the billboard was taken unilaterally by the building owner.

Meanwhile a petition launched on Monday 8 April by TJANZ in favour of capital gains taxation has attracted more than 2100 signatures at https://www.change.org/p/tell-jacinda-we-want-a-capital-gains-tax-it-s-time-to-join-the-modern-world

When they launched the petition, Tax Justice Aotearoa NZ spokespersons Paul Barber and Louise Delany said: “Our position is simply that the existing tax system is unfair and that the Government needs to take direction from the options presented by the Tax Working Group to fix it.

“Along with other supporting organisations, we believe that the ‘silent majority’ of ordinary communities and workers have been at risk of being drowned out by vested interests that are resisting tax reform.

”As responsible citizens in an open democracy we are committed to drawing public attention to the fundamentally important role that a wealth tax can play to ensure fairness in the tax system – as is the common practice across other developed OECD countries including Australia.

“The Tax Working Group – after much sifting of evidence and debate – concluded that a tax on capital income was the right choice for modern New Zealand – and this is supported by the substantial arguments that have been put forward in favour of such a tax by experts like Tim Hazledine of Auckland University and Alison Pavlovich of Massey University. Fairness is the Kiwi way. Now is the time for a capital gains tax”.

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