The Productive Economy Council (PEC) has today come out in support of the New Zealand Manufacturers and Exporters Association (NZMEA) comments on Capital Gains Tax.

Revenue Minister Peter Dunne recently attempted to pour cold water on the idea of a Capital Gains Tax, saying “it would be political suicide for any government to implement, and it was time that the theorists and ideologues understood that.”

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“What is there to fear from a capital gains tax that does not affect the family home or increase the overall tax load?” NZMEA chief executive John Walley says.

We need to balance the tax treatment of all gains and income to encourage more investors into the productive sector of the economy where jobs and wealth are really created.”

From the NBR