March 04, 2019
Bridges battles Māori tax exemption
National Party leader Simon Bridges is attacking the possibility of exemptions for Māori in any capital gains tax regime.
The Tax Working Group headed by Sir Michael Cullen said more work was needed to assess the implications for Māori of any tax changes.
It suggested the tax should be deferred if a post-settlement iwi was transferring assets to hapū or marae, or if it needed to sell assets to buy surplus crown land not offered in the initial settlement.
Mr Bridges says by excluding iwi from a Capital Gains Tax, the Government would be sending a clear signal that a CGT would have a negative impact on Māori and their assets.
If that's so, the tax would have negative implications for all New Zealanders.
He says extending tax-breaks on the basis of race is anything but fair.
Finance Minister Grant Robertson said Mr Bridges was wrong, as the Government is still looking at issues raised in the report.
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