Taxing property deals rejected
The Greens say a capital gains tax on property deals would help rein in the rampaging Kiwi dollar, but the Bank of New Zealand's chief economist thinks such a tax would fail and simply fuel the property boom.
Monday, January 19th 2004, 6:24PM
by The Landlord
Mr Donald said Dr Cullen's failure to arrest the rise was hurting exporters, tourism operators and domestic manufacturers. The kiwi traded at just over US68c yesterday - the highest level since June 1997.
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