News

Capital gains tax on property still alive

Thursday 13th of August 2009

It is not quite advocating such a tax, but it is a long way from the National-led government's stance six months ago.

It is a long way from Labour's stance when it was in office.

What has changed?

Finance Minister Bill English yesterday, when asked about a capital gains tax, said; "In the long run the economy needs to shift away from spending and borrowing on housing to...

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