Photo: Gerard O'BrienIn his first major economic speech of the year, Finance Minister Grant Robertson has hit back at Capital Gains Tax critics. Robertson went beyond the CGT to also comment on New Zealand's relationship with its international partners. Despite these concerns, Robertson said New Zealand's relationship with China remained good. Looking beyond international volatility and concerns about tax, Robertson stressed the "underlying fundamentals of our economy remain strong". He said debt remained low, unemployment remained low, inflation remained low and wages were set to grow at about 3 per cent a year.

Source: Otago Daily Times February 25, 2019 21:45 UTC