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NZPIF slams Labour's ring-fencing plan

Wednesday 30th of April 2014

The proposal was included in the party’s monetary policy, revealed this week.

The party said it would ring-fence losses on property investments to stop them being offset against other income.

It would also ban non-resident foreigners from buying property and would introduce a capital gains tax.

The NZPIF said a similar policy had been tried, failed and reversed in...

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