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Labour claims their Capital Gains Tax won’t hit businesses, but that isn't true. Small business owners who sell their commercial property will be forced to pay tax. From local mechanics to dairy owners, hard-working Kiwis will lose a cut of their retirement savings. Labour’s claim that businesses are exempt is misleading and penalizes local success. The election choice is clear: Labour’s nine new taxes, or National with no new taxes.
Transcript (native_copy_bypass, HIGH)
Labour claims their Capital Gains Tax won’t hit businesses, but that isn't true. Small business owners who sell their commercial property will be forced to pay tax. From local mechanics to dairy owners, hard-working Kiwis will lose a cut of their retirement savings. Labour’s claim that businesses are exempt is misleading and penalizes local success. The election choice is clear: Labour’s nine new taxes, or National with no new taxes.