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flag New Zealand plans tax changes for charities and closing loopholes in next year's Budget.

flag New Zealand's Finance Minister, Nicola Willis, announced that upcoming tax changes for charities and the closure of tax loopholes will be included in next year's Budget. flag Willis aims to balance the tax burden on charities with addressing those who exploit loopholes, without introducing a wealth tax or capital gains tax. flag The exact details are still being determined, but the government is working transparently on these issues.

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