Sunday, November 9, 2025

Capital Gains Tax.

In my opinion, New Zealand should introduce a Capital Gains Tax to better fund hospitals, the education system, and public services. Australia has had such a tax since the 1980s. The National Government often compares New Zealand’s tax system to Australia’s, claiming we pay more tax, even though that isn’t accurate. My mum says it’s like comparing apples to pears, as the National Party does, which doesn’t make sense. New Zealand is one of only 20 countries worldwide without a Capital Gains Tax. Right-wing media outlets like TVNZ and the New Herald oppose it and attempt to portray it negatively, but I believe it’s long overdue.

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