View Poll Results: Should there be a Capital Gains Tax on Property
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- 131. You may not vote on this poll
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No
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Yes
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Goff is just an idiot
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Epic fail for Labour
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Originally Posted by Aaron
Interesting view on capital gains tax from treasury.
https://www.stuff.co.nz/business/350...books-treasury
Current govt not likely to implement one, gutless Hipkins has already exposed himself by pandering to the selfish morons that make up a significant portion of the voting public.
Mind you, if a cgt scheme were introduced, the family home would probably be exempt from both the new CGT and income tax (as currently). This would make home ownership even more appealing for overcapitalising and accumulating wealth. Any government would have to beef up the KiwiSaver with decent tax concessions to offset the increased attraction of further overcapitalising the exempt home. How likely would that be?
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