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April 26, 2019
Capital tax step too far for coalition agreement
Waatea Team
Posted On April 26, 2019
New Zealand First MP Shane Jones says people need to get a different mindset now a capital gains tax is off the table.
New Zealand First is being blamed for the Prime Minister’s decision to reject the recommendations from Sir Michael Cullen’s tax working party regarding the tax.
Mr Jones the Government had taken time to listen to the responses from the community, and it’s clear the political process is working.
"This is an MMP Government, it's a genuine MMP Government. We've got a set of policies and a constituency that supported us into a position where we could enable the formation of a Government with Prime Minister Jacinda Ardern and if it's not written in the coalition agreeement, and capital gains was not written into the coalition agreement, then you shouldn't assume it's ever going to happen," he says.
Mr Jones says New Zealand First supports the continuation of work on how land is treated, especially on the urban fringes, and it agrees with Sir Michael Cullen’s view Inland Revenue already has enough power to crack down on dodgy property transactions.
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