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flag New Zealand’s Labour Party proposes a 28% capital gains tax on investment property profits, starting in 2027, to fund free GP visits.

flag New Zealand’s Labour Party has announced a proposed 28% capital gains tax on profits from selling investment properties, excluding family homes, farms, KiwiSaver, and other assets, set to take effect after July 2027. flag The tax, aimed at curbing property speculation, would generate about $700 million annually on average, with revenue funding three free GP visits per year for all citizens through a new Medicard program. flag Labour says the policy, which affects only a small portion of taxpayers, is a targeted step toward fairer taxation and improved public services, though critics across the political spectrum call it insufficient and poorly targeted, arguing it fails to address broader tax inequities and may strain healthcare access.

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