KiwiSaver

CGT 'could skew investment'

Thursday 4th of September 2014

David Cunliffe told media yesterday that the 15% capital gains tax his party is proposing would not apply to KiwiSaver but would apply to other investments in shares.

New Zealand PIE funds are not taxed on capital gains or losses at present.

Pathfinder’s John Berry said that would create a huge tax advantage for the Government retirement savings scheme. "As I understand it the poi...

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