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Almost two-thirds of New Zealanders would want any capital gains tax to apply only to real, inflation-adjusted gains, not nominal increases as Labour’s plan is currently proposing. That’s according to new Taxpayers’ Union-Curia polling, conducted from November 2-6, roughly a month after Labour unveiled its policy on taxing gains made on commercial and residential property by 28%. The family home, KiwiSaver and other commercial assets are excluded. Chris Hipkins defends Labours' position on nomin
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