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Labour to campaign on narrow capital gains tax, no wealth tax (www.rnz.co.nz)

submitted 2 weeks ago by Auth@lemmy.world to c/newzealand@lemmy.nz

24 comments fedilink hide all child comments

Glad they are finally doing it and this should hopefully get much needed funding for our healthcare system. Whats shocking to me is that even with all the controversial bits taken out its still unpopular. I swear nz has the most hardheaded people out there.

RNZ-Reid Research poll last month found 43 percent in support of a CGT on investment properties

What is left for people to whine about?

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[–] Dave@lemmy.nz 1 points 2 weeks ago (1 children)

Would other businesses pay CGT on property sales under this proposal?

[–] BalpeenHammer@lemmy.nz 2 points 2 weeks ago

Businesses do buy and sell property so they should if they don't. They also invest in shares so they should if they don't. I don't think an exemption should be made for any business. It's unconscionable to put the entire burden on the citizens.