Brad Olsen: Infometrics Principal Economist talks Capital Gains Taxes and their impact
Manage episode 438440158 series 3381281
Labour has made it clear that should they return to power in the next election, they plan to take a look at a Capital Gains Tax in some capacity.
CGT is a tax on the profits made from the sale of a non-inventory asset such as stocks, bonds, real estate, and property.
Brad Olsen, Principal Economist at Infometrics, joined Simon Barnett and James Daniels to break down how such a tax would actually impact Kiwis, and whether it would make a material difference to the country’s finances.
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