Monday, 18 June 2007

United Future rejects capital gains tax

United Future leader Peter Dunne says a capital gains tax on residential housing will be implemented "over our dead bodies".

"The Reserve Bank can save its energies and focus on its real job," he says.

"A capital gains tax is inefficient, unnecessary, a discriminatory form of tax and it just doesn't work.

"Let's get on with finding real solutions to the nation's problems and stop wasting our time chasing these whimsical fantasies," says Mr Dunne.

ENDS