- Date published:
7:04 am, August 23rd, 2017 - 146 comments
Categories: capital gains, jacinda ardern, labour, tax - Tags: capital gains tax, cgt, common sense, housing, housing affordability, housing crisis
Yesterday The Herald ran a panel based “job interview” for Jacinda Ardern and Bill English, the write up is here:
Jacinda Ardern vs Bill English: Relentless dissatisfaction vs bloody-minded positivity
After Ardern’s interview much was made of the fact that she declined to rule out a capital gains tax, pending the advice of an expert advisory group:
Ardern’s ‘captain’s call’ to not rule out capital gains tax
No capital gains tax yet – Jacinda Ardern
VIDEO: Jacinda Ardern won’t rule out capital gains tax
For anyone paying attention this was not new news. A week ago:
Labour leader Ardern maintains ‘right and ability’ to introduce Capital Gains Tax if working group suggests it next term; Would exempt ‘family home’
A capital gains tax on property other than the family home makes perfect sense – most OECD countries have them (most OECD countries have better housing affordability than us). Our back catalogue on capital gains tax is here. The Nats have introduced a week form of a CGT already.
Ardern is right to be cautious on the issue before the election. But if we have a Labour led government in October, the issue of a more robust CGT needs serious consideration.
Nat hypocrisy. Did they campaign on;
-Halving KS contribution
— Richard Hills (@richardhills777) August 21, 2017