Capital Gains Tax

[percy]

I guess the NZ sharemarket will have a 25% spike up on V day, on record low volume.?
Then the paper war will start in ernest.
At this stage I am wondering what's the point of saving to invest.

[artemis]

I guess the NZ sharemarket will have a 25% spike up on V day, on record low volume.?
Then the paper war will start in ernest.
At this stage I am wondering what's the point of saving to invest.

We'll need a V day first. I notice that Mr Oliver, a member of the TWG, is one of the dissenters. Since he knows a wee bit about what it takes for IRD to set up and collect tax he might actually be listened to when the government puts its legislation together.

[macduffy]

I guess the NZ sharemarket will have a 25% spike up on V day, on record low volume.?
Then the paper war will start in ernest.
At this stage I am wondering what's the point of saving to invest.

Perhaps an unintended consequence will be to reinforce the strategy of selling losers and keeping winners. Of course, it rather complicates a decision to sell a winner when the shareprice starts to trend downwards.