Gareth Morgan: Investment still biased towards property

Gareth Morgan takes a look at how the Budget will effect the investment landscape and concludes that if the government was serious about ending our reliance on property investment then it must be given a fail mark on that score:

“And we are left more than ever with the tax regime and its application to investment, giving investors little choice but to either surrender sovereignty over their savings to some faceless institution, or to opt out of the wider investment market and just buy property.”

Read Gareth’s piece over at the NZ Herald

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