Article: Capital gains tax winning over public

Support grows for property tax, but politicians don't want to know STRAWS IN the wind maybe, but there are signs a capital gains tax on property may be gaining some ground against previous fierce political and public opposition to the idea.

Certainly, the finding last week that 80% of New Zealanders oppose a capital gains tax on property will reaffirm politicians' belief that proposing such a tax will prove a short-cut to electoral oblivion.

But the level of public opposition is halved to 41% if first homes are excluded from such a tax.

Research New Zealand director Emanuel Kalafatelis said he was surprised by the "radical change" in his company's poll result when the family home was ...

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