Pages tagged “CGT”

  1. Maternity scans with what money? Labour’s CGT revenue is already spent

    Posted in NEWS by June 16, 2026

    Labour has today promised to fund maternity scans through its capital gains tax, but the Taxpayers’ Union says the money has already been swallowed by other spending promises. Once again, Labour’s numbers do not add up.Taxpayers’ Union spokesman James Ross said:“Using recent housing market...

    Read more about Maternity scans with what money? Labour’s CGT revenue is already spent
  2. Chris Hipkins Wants to Tax Your Holiday Home So You Can Pay for His

    Posted in NEWS by June 8, 2026

    Responding to comments made today by Labour leader Chris Hipkins, the Taxpayers’ Union claims it is hypocritical of him to create new taxes on property ownership while using a taxpayer-funded superannuation scheme to finance his own holiday home.Taxpayers’ Union spokeswoman, Ella Dickson, says:“Chris Hipkins...

    Read more about Chris Hipkins Wants to Tax Your Holiday Home So You Can Pay for His
  3. Labour’s Capital Gains Tax Punishes Kiwis for Inflation

    Posted in NEWS by October 29, 2025

    The New Zealand Taxpayers’ Union is calling Labour’s proposed capital gains tax (CGT) an unfair and poorly thought-out policy that punishes ordinary New Zealanders for inflation, not real gains.Taxpayers’ Union spokesperson Tory Relf said:“Labour’s capital gains tax is effectively a tax on inflation. Around...

    Read more about Labour’s Capital Gains Tax Punishes Kiwis for Inflation
  4. Labour's 'Bach Tax' a stalking horse for full-blown Capital Gains - and it will make New Zealand poorer

    Posted in NEWS by October 28, 2025

    The Taxpayers' Union is slamming Labour's newly announced Capital Gains Tax on investment and commercial property, dubbing it a "Bach Tax" that punishes savers, kills productivity, and opens the door to a full-blown wealth tax."This is a tax on inflation disguised as fairness," said...

    Read more about Labour's 'Bach Tax' a stalking horse for full-blown Capital Gains - and it will make New Zealand poorer
  5. Taxpayer Update: NEW POLL: Hung Parliament, Māori Party up 📊😳 | Hipkins rules out wealth and capital gains taxes

    Posted in NEWS by July 12, 2023

    NEW POLL: Hung Parliament as Māori Party and ACT make gains 📊😳 Exclusively for our supporters like you, here are the results of July's Taxpayers’ Union – Curia Poll: National drops 2.4 points on last month to 33.3% while Labour drops 1.8 points to 31.1%....

    Read more about Taxpayer Update: NEW POLL: Hung Parliament, Māori Party up 📊😳 | Hipkins rules out wealth and capital gains taxes
  6. Taxpayers’ Union welcomes ruling out of wealth and capital gains taxes – but Hipkins must go further

    Posted in NEWS by July 12, 2023

    The Taxpayers’ Union has welcomed today’s announcement from Chris Hipkins ruling out a wealth or capital gains tax under any future government he leads, but is calling on him to extend this commitment by promising no new taxes whatsoever. Reacting to the announcement, Taxpayers' Union Campaigns Manager, Callum...

    Read more about Taxpayers’ Union welcomes ruling out of wealth and capital gains taxes – but Hipkins must go further

Sign up here to find out how your tax dollars are really being spent