National goes on attack against capital g

ONE News reported last night that the policy will include a capital gains tax and while Phil Goff is tryingto keep the details secret for another week, National is on theattack. 。Until then National is filling the vacuum, telling people that acapital gains tax won't pay for Labour's promises.。Goff is due to reveal Labour's tax policy next Thursday.。Labour is expected to announce a 15% capital gains tax,excluding the family home, next week but while their leader won'tdeny the policy, he won't discuss it either.。ONE News political editor Guyon Espiner said he understood thetax would not be retrospective, so profit that might have been madefrom buying a property some years before the tax was introducedwould not be taxed.。Key told the Wellington Employers' Chamber of Commerce meetingthat the $4.5 billion figure would mean the tax rate would be about30%, ONE News political reporter Michael Parkin reported.。"If they don't sell assets as they are arguing they won't, ifthey do have a $5000 tax free threshold as they are arguing theywill, and they do take GST off fruit and vegetables, they are $12billion in the hole for the first three years," said Key.。

John Key - Source: ONE News

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• National attacks capital gains tax (1:52)

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  Property investors face capital gains tax under Labourwatch Guyon's Politics (3:57)Labour is promising a new policy which it says will change thecourse of the country.。"I find myself in an unusual position of announcing theirpolicies before they have," National's party leader said.。Espiner told TV ONE's Breakfast today that the 200,000 or sopeople with investment properties would "not like" the policy.。At a business breakfast this morning, Prime Minister John Keywas keen to get stuck in to Labour's policy.。"Let's look at how they spend it and judge them on that," hesaid. "If this is just to pay for their current policies I'm notsure it's going to expand their base too much,DQ10 RMT.。While the family home would be excluded, the tax would apply tobach, farm and industrial properties, Key said.。Espiner said he did not see the the tax gaining too many votesbut it would allow Labour to gain revenue.。National claims a capital gains tax is too complex to administerbut the Green Party said they can manage it in many othercountries, including the US, the UK and Australia.。However, he said most New Zealanders do not have an investmentproperty and that if Labour "can argue this properly they should beable to carry this argument".。"If they've got other ideas they can fund through using thismoney then maybe they can grow their vote base.",ドラクエ10 RMT。He said yesterday that the only winners from a capital gains taxwould be accountants.。Figures explained。On the basis of a 15% rate, if an investor bought an investmentproperty at about $400,000 and sold it for $500,000, making aprofit of $100,000,ダークブラッド RMT, the investor would pay $15,000 of that to theGovernment.。"We're making the announcement in full next Thursday," saidGoff.