Ed McKnight: Opes Partners Resident Economist breaks down Labour's Capital Gains Tax
The Mike Hosking Breakfast · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
An economist says Labour's proposed capital gains tax won't stop house prices rising.
The party wants gains on commercial and residential property to be taxed 28 percent, with revenue going into the health sector including free doctor visits.
It excludes the family home and inheritances.
Opes Partners Resident Economist Ed McKnight told Mike Hosking that the tax is often thought as a house price killer, but that's not the case.
He says in Australia since they introduced the tax, house prices went up 6.5 percent on average and in the UK they went up by 8 percent a year.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.