Axe the capital gains tax
Wednesday, 19 October 2005, 1:01 pm
Press Release: New Zealand National Party
John Key MP
National Party Finance Spokesman
19
September 2005
Axe the capital gains tax
National
Party Finance spokesman John Key says Revenue Minister Peter
Dunne should, as a matter of urgency, target Labour’s “crazy
plans” for a capital gains tax.
“This is a blatant $150
million Labour tax grab. It sends entirely confused
messages about sensible saving.
“Kiwis don’t save
anywhere near enough, yet this is a tax which threatens to
penalise those who are trying to do the right
thing.
“Peter Dunne will know this new tax is unnecessary
and unfair.
“The new Revenue Minister should order a
review of the capital gains tax as his top priority,” says
Mr Key.
Ends
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