Please read the comments from other voters below, then scroll down make your decision. Do you agree or disagree with the following statement?
There should be a capital gains tax
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Reasons To Disagree
This will only lead to less rental properties for those who either need to or choose to rent. New Zealanders already pay to much tax! too much tax now to pay This should apply to non New Zealand citizens only. Only on "non New Zealand citizen" speculators Yeah right - plus taxes on sex, breathing and anything else you can think of. What the HELL do we need more taxes for? There's enough of 'em! If I invest and gain by doing so - why should the gummint penalise me for it? We need a government which does not spend more than they earn then they would not need as much tax.
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Reasons To Agree
The Tax payer should not subsidise property investment that runs at a loss. It is too onesided and only benifits a minority. A capital gains tax pays the loss back to the taxpayer but keeps the investment potential in place. if we remove other write offs, and restrict it to foreign owned property owners... although that will just make them incorporate locally!
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Reasons for Remain Neutral
Dunno. In principle it seems like a good idea. But in principle it would be very difficult to implement, and therefore costly.
My View
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