And New Zealand is also opposed to a CGT. In our latest Newshub-Reid Research Poll, we asked voters if they’d support the Government imposing a capital gains tax.
54 percent said no
32 percent said yes
14 percent didn’t know
Labour voters are split. 42 percent do not support a CGT, while 44 percent do.
So over half are against and just one third in favour. And this is even before people know the details. As people realise some family homes will get taxed and that is is a de facto estate tax, the numbers will be even stronger against.
What should worry Labour is even their own voters are split 50/50 on it. They run the risk of losing votes big time if they push ahead.