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29 Feb 2020 14:30
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  •   Home > News > Business

    A call to introduce a capital gains tax - and limit how much money wealthy people can borrow - has been labelled 'nonsense'

    A call to introduce a capital gains tax - and limit how much money wealthy people can borrow - has been labelled 'nonsense'

    14 February 2020
    The latest Helen Clark Foundation report recommended the new restrictions, in a move to drive down house prices.

    It states the decades-long property investment boom has created windfall gains for property owners, the real estate sector and banks... at the expense of people's basic need for shelter.

    But One Roof Property Commentator Ashley Church says hitting the people you envy the most... to fix the market - is a simplistic, leftist idea that won't work.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     29 Feb: The list of countries touched by coronavirus climbed to nearly 60 as Mexico, Belarus, Lithuania, New Zealand, Nigeria, Azerbaijan, Iceland and the Netherlands reported their first cases
     29 Feb: Effects of the coronavirus outbreak have led economists to forecast global growth will slip to 2.4 percent this year, the slowest since the Great Recession in 2009, and down from earlier expectations closer to 3 percent
     29 Feb: A long-awaited drought classification has brought relief to Waikato farmers
     29 Feb: Netflix is benefiting from coronavirus
     29 Feb: Corona beer has lost a major chunk of profit during the coronavirus outbreak
     28 Feb: New Zealand markets have the ability to withstand the coronavirus outbreak
     28 Feb: New Zealand Rugby is a matter of weeks away from deciding if it will enter formal discussions to allow private equity groups to invest in the organisation
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    The Highlanders have been exposed in a shock 28-22 Super Rugby loss to the Rebels in Dunedin More...


    BUSINESS BUSINESS
    The list of countries touched by coronavirus climbed to nearly 60 as Mexico, Belarus, Lithuania, New Zealand, Nigeria, Azerbaijan, Iceland and the Netherlands reported their first cases More...



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