This week I conclude the discussion about Capital Gains Tax (CGT). A number of countries have capital gains taxes as part of their revenue raising regime, so one does not have to extend the imagination too much to see the effects should it be introduced here.
There is an inescapable truism in tax policy that no rational person, and few politicians, would dispute: Money flows into the area of least tax. For this reason good tax law is simple (GST for example). The problems start when exemptions appear.