Source: Council Of Trade Unions (CTU) – Press Release/Statement:
Headline: What the Tax Working Group did and didn’t do
The Tax Working Group (TWG) has
reported back. The reactions to the proposal for taxing the income from capital
gains have ranged from the sublime to the ridiculous and from “it doesn’t go
nearly far enough” to “this is the end of the kiwi way of life”. They have
exposed a class society where one group of people seemingly believe that almost
everyone owns at least one investment property and a bach (no wonder they
didn’t believe there is a housing crisis) while the experience of most is that
buying even one house is increasingly unaffordable.
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