This week Labour announced it will campaign for the next election with a capital gains tax as a key policy and point of difference.
It wants a 28% tax on profits made from the sale of investment property. Family homes and farms will be exempt.
Labour wants to channel the revenue it delivers towards providing three free doctor visits a year for every New Zealander.
John Minas is an Associate Professor at Monash University's Business School, who specializes in tax policy - and specifically - capital gains tax. He tells Guyon from Melbourne that New Zealand is currently an outlier.
John Minas, Associate Professor at Monash University's Business School in Melbourne. He specializes in tax policy, specifically capital gains tax. Photo: Supplied
