Please find attached the letter David Parker wrote to NZIER
today, pointing out fundamental errors with the analysis in
the report commissioned by Federated Farmers and shown on
One News.
NZIER appears to not have realised that in
Australia individuals and small businesses are only taxed on
half the capital gain if the asset is held for more than a
year. Given that the effects of a CGT in New Zealand were
based on the effects in Australia, it is a fundamental error
that affects the calculations.
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