National Party leader Simon Bridges said Prime Minister Jacinda Ardern's capital gains tax u-turn was a "massive defeat". At 2pm yesterday the country tuned in to hear the Government's response to the Tax Working Group and a capital gains tax. "Today I am announcing that the coalition government has ruled out implementing a capital gains tax." Mr Peters said although he blocked a capital gains tax the almost $2 million Tax Working Group had still been a worthwhile.exercise. In February on Morning Report he boldly suggested the government didn't deserved to be re-elected if it didn't follow through with a capital gains tax.

Source: Otago Daily Times April 17, 2019 21:11 UTC