The Labour Party is reaffirming its tax policy stance, saying that the country needs to make bold moves in setting its tax policies, such as the proposed capital gains tax. In a presentation in Wanganui on September 22nd the Labour Finance spokesperson David Cunliffe spoke about the party’s intended tax policies. David Cunliffe conceded that new taxes were not typically popular with voters, but the Party’s proposals had so far been met with a better reception than anticipated. David Cunliffe reaffirmed New Zealand’s ... Read More

There are more New Zealanders who support the implementation of a capital gains tax in New Zealand than those who oppose it, although high income earners are overwhelmingly against the proposal. On July 24th HorizonPoll published the results of the first nation spanning survey to gauge the opinions of taxpayers on capital gains taxes, since the Labour Party announced its intention to implement the levy earlier this month. According to information in the published results, nearly 41 percent of New Zealanders support ... Read More

Prime Minister John Key has scoffed at the idea of introducing a capital gains tax in New Zealand, calling the move “a dagger through the heart of growth”. For the last week the New Zealand Labour Party has given strong indication that it will use a capital gains tax as a center point in its general election campaign. An official announcement on the matter is expected on Thursday, but analysts expect the proposed tax to be levied on investment properties, and to ... Read More

After years of debates and discussion, New Zealand is seeing a credible chance of instating a capital gains tax, as the Labour Party reveals the levy as a key aspect of its election campaign platform. Even though the Labour party’s intention to pursue the tax was only revealed on June 6th, there has already been a rising swell of debate in support and opposition of the idea. If the Labour Party wins the election, it will instate a new capital gains tax. ... Read More