News

National says no to capital gains tax

Friday 5th of June 2009

Responding to a call for debate on the issue by Treasury Secretary John Whitehead this week in a speech to the Institute of Directors, Heatley said, "Treasury can have their fun. But, as we have said before, we won't be introducing a capital gains tax on property."

Whitehead talked about "significant adjustment and change" so the economy can emerge strongly from the current recession.

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