Greens demand a Capital Gains Tax now

Newshub reports:

The Green Party wants a capital gains tax in the next term of Government and will put that on the table in coalition negotiations with Labour, leader James Shaw says.

He told TVNZ’s Q&A programme that was one of a number of key items the party wanted when he received Labour leader Jacinda Ardern’s first call if she had the opportunity to form a Government after next weekend’s election.

“In the same way that every coalition involves policies from both partners we’ve got to negotiate what a coalition agreement would look like but there are a couple of things that I think we would like to push them on – one is the area of a capital gains tax excluding the family home,” he said.

So a Labour-led Government may end up passing a Capital Gains Tax after all in their first term.

You really don’t know what sort of tax you’ll be paying under a Labour-Greens Government except that it will be more than it is now. And under National it will be less than it is now.