View Poll Results: Should there be a Capital Gains Tax on Property
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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 SBQ
Maybe post above your post didn't ring any bells. How exactly will a CGT be implemented when investment such as Kiwi Saver, buying & selling shares in say Amazon or NVDIA, are already taxed under FIF? Are you claiming double taxation is perfectly acceptable ?
FIF arose from the lack of information available about individual’s investments in other jurisdictions.
It’s no longer needed, it’s inefficient, costs a fortune in both administration and compliance. Officially mandated EoI makes it redundant, and so a CGT as above rides in straight over the top.
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