Labour leaning back towards Capital Gains Tax

Labour is to continue on with tax policy work, with the signs indicating it is leaning toward proposing a capital gains tax. Photo: Lynn Grieveson / The Kākā

Good morning. Labour appears to be leaning back towards a Capital Gains Tax and away from a wealth tax. Meanwhile, Christopher Luxon says his Government is relearning the economic lessons learned in the early 1990s.

Labour leaning back towards Capital Gains Tax

Labour held its annual conference in Christchurch over the weekend and voted to continue on with policy work on a Capital Gains Tax and a Wealth Tax, but close watchers are seeing preference developing in Labour’s Policy Council in favour of a Capital Gains Tax.