PM Jacinda Ardern said her government had realised they did not have a mandate from the public to introduce a capital gains tax. A Government decision not to implement a capital gains tax has been welcomed by property investors as "the best thing" it could have done. "I genuinely believe there are inequities in our tax system that a capital gains tax in some form could have helped to resolve," she said. That is why I am also ruling out a capital gains tax under my leadership in the future." But he said he was shocked that the Government had abandoned the capital gains tax policy so quickly and completely.

Source: Stuff April 17, 2019 02:26 UTC