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Kelly Eckhold: Westpac Chief Economist on the International Monetary Fund's report card, capital gains tax
An economist believes there could be merit to introducing a capital gains tax as the International Monetary Fund releases New Zealand's report card.
The IMF's recommending spending cuts and continued tax rises to support this.
It also suggests we introduce a comprehensive capital gains or land tax.
Westpac Chief Economist Kelly Eckhold told Ryan Bridge a capital gains tax could work for us, if done right.
He doubts the country would get much money out of it, but suggests it would be useful in resetting the table in terms of the investment options people should be thinking about.
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