Destroying incentives to aspire

Simon Bridges
National Party Leader

People from all over New Zealand are approaching me about Labour’s proposed Capital Gains Tax, or CGT, and the other taxes recommended by the Tax Working Group.

New Zealanders are worried about what impact a CGT would have for them, their businesses and their families.

The recommendations being proposed represent the most radical tax reform New Zealand has ever seen. Our view is simple - a Capital Gains Tax will destroy New Zealanders’ incentives to aspire.

We welcome sensible debate on this subject.

It is our role in opposition to question bad ideas and policy and challenge the government when we think they are making bad decisions. Our motivation is to see all New Zealanders prosper.

A CGT won’t solve housing and equality issues. The answer to these are reforms of the Resource Management Act, planning systems and freeing up land.

The proposals put forward by the Tax Working Group are not fair for the average New Zealander.

If we earn the right to govern next year, we will repeal the CGT.

National will fight the government’s proposed tax grab every step of the way. We will repeal a Capital Gains Tax and we will not introduce any new taxes in our first term.


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