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Brad Olsen: Infometrics Principal Economist on Labour announcing a capital gains tax

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Manage episode 515932044 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It's unclear how much the Labour government will raise, from its just announced new capital gains tax.

The targeted tax would apply to profit made from selling commercial or residential property, to raise funds for universal free doctors visitors.

The family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items will be exempt.

Infometrics Principal Economist Brad Olsen told Ryan Bridge the announcement doesn't specify how much the tax is likely to raise.

He says it's hard to assess based on the information whether the tax would raise millions, hundreds of millions, or billions of dollars of revenue over any time period.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4527 episodes

Artwork
iconShare
 
Manage episode 515932044 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It's unclear how much the Labour government will raise, from its just announced new capital gains tax.

The targeted tax would apply to profit made from selling commercial or residential property, to raise funds for universal free doctors visitors.

The family home, farms, KiwiSaver, shares, business assets, inheritances, and personal items will be exempt.

Infometrics Principal Economist Brad Olsen told Ryan Bridge the announcement doesn't specify how much the tax is likely to raise.

He says it's hard to assess based on the information whether the tax would raise millions, hundreds of millions, or billions of dollars of revenue over any time period.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4527 episodes

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