OPINION: Capital gains tax starts to find traction, even in the ranks of the National Party.
Capital gains tax will be the defining issue of November’s election. Its advocates want to tackle our economic problems and fast-forward our opportunities; its opponents are in economic and political denial.
We, along with Turkey and Switzerland, are the only developed countries without the tax. Its absence causes economic distortions, weakens the tax system and undermines government finances. – Read Rod Oram’s full article here