To our Australian posters.... on a breakfast tv show yesterday, it was raised with the new Labour Finance Spokesperson about the possibility of Labour introducing a CGT here in NZ.
Because the left parties will tell us that it is to help control rents and house prices and to be a more progressive tax system targeting wealth while the right parties will call it a tax of envy, I was wondering if you could tell us the background to your CGT and the outcomes.
1. When was it introduced and by which party?
2. Is it a state or federal tax?
3. If it's a state tax, have the states with one achieved better outcomes in terms of rent control, house prices etc than those without one?
4. What were the promises/reasons given for the introduction?
5. Did it achieve those outcomes? i.e. if it was introduced to control housing, rents or wealth, equality, has it achieved that.
I think it would be interesting for us in NZ to know not the political spin we might hear if it was to become an election issue but if it has achieved the objectives for its introduction. Why? Because I, for one, would be happier to vote for it knowing that the outcomes could possibly be achieved.
Cheers!!!
Because the left parties will tell us that it is to help control rents and house prices and to be a more progressive tax system targeting wealth while the right parties will call it a tax of envy, I was wondering if you could tell us the background to your CGT and the outcomes.
1. When was it introduced and by which party?
2. Is it a state or federal tax?
3. If it's a state tax, have the states with one achieved better outcomes in terms of rent control, house prices etc than those without one?
4. What were the promises/reasons given for the introduction?
5. Did it achieve those outcomes? i.e. if it was introduced to control housing, rents or wealth, equality, has it achieved that.
I think it would be interesting for us in NZ to know not the political spin we might hear if it was to become an election issue but if it has achieved the objectives for its introduction. Why? Because I, for one, would be happier to vote for it knowing that the outcomes could possibly be achieved.
Cheers!!!
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