Tue, 30 Oct 2012 6:23p.m.
The Opposition and an economist say the Govt should consider a capital gains tax to help tackle the housing crisis.
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25/11/2012 5:16:00 p.m.
The Govt is already making Money via buying and selling of houses - what more do they want? - to take away many NZers compulsory savings scheme for retirement? If this sort of tax comes in, it would be better for NZers to invest overseas.
1/11/2012 9:54:05 p.m.
When mortgagees make seemingly endless payments, the government takes part of the payments as tax from the lender, so in essence the capital gains that being made by both parties are already being taxed.
31/10/2012 11:29:32 p.m.
Daniel Lang wrote:
Good point there, Mike
Anyway, I've been saying for about three years now that we need capital gains tax. The economy simply isn't going to remain stable without it. If we bring it in, a comprehensive CGT (on everything including land), then we may be able to keep the retirement age at 65 years and we may end up making a significant dent in youth unemployment in a few years' time.
The head of one of our biggest banks wants the Government to revamp the tax laws to curb the property market.
An international credit rating agency has placed eight smaller New Zealand banks on notice of a credit downgrade.
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