ANZ bank boss says NZ needs a capital gains tax | 30 with Guyon Espiner S2 Ep1 | RNZ 

The majority don't want a CGT, and rightly so.

National MP's own more individual property than any others. So to introduce it will be like voting for collective political suicide. They won't do it, instead it is going to be cut cut cut to the bloated back offices and consultants. And cut cut cut the build costs for new hospitals roads and building projects until the books look right.

That's the credit cards, not the banks. Visa is completely separate from ANZ

Kiwibank is a state owned bank and it has more competitive rates than all the dominant australian banks. The cooperative bank is another good kiwi bank (but not state owned). Unfortunately combined they have less than 10% market share so I would encourage every kiwi currently in an aussie bank to make the switch

No country get ahead by btaxing more. Especially when so much is wasted.

@@JamesClark-cg1qk A capital gains tax actually raises more money for the government, thereby offsetting other costs and saving taxpayers dollars. It is beneficial enough to the point where governments can lower or remove taxes on certain products or areas. The average person only has to pay it when selling a house they own. There is literally no downsides unless you're a greedy businessman or landlord.

​@JamesClark-cg1qk Yeah, you are so right! Norway, Finland, Sweden, Denmark.... they just pretend to tax more to try to prove our wonderful neoliberal masters wrong. But I'm with you I'm going to blindly follow my filthy rich landlord tax break masters and vote for another pale stale male with seven houses... in NZ. They are so cool how they hide their wealth in tax havens, the same place criminals do. So smart my dumb redneck gets so turned on by our overlord masters.

@@icefarrow7959 There is literally NO UPSIDE for anyone but BANKERS and POLITICIANS...wake up ffs.

​@@icefarrow7959 lol they won't remove other taxes they will just spend more and give it away to their friends.

She earned my respect... Nice to know the Bank is run by someone who has principles and it's willing to speak their mind.

@@growtocycle6992lol ok..

If anything she’s gained my respect even though I own property. It takes a spine to call out the elephant in the room. CGT is only fair since other forms of income are taxed.

Wow %1100 inflation over 30 years when did that happen??

​@@TheButterflykingdom8.5%pa compounding on Moneyhub compounding calculator

See 2:36 miricle of compounding interest

The so called "family home" being exempt, is a large part of the problem. How about a 50% CGT including on the "family home". If folks buy a house for $100,000 and then sell it a few years later for $1,100,000 then they should certainly pay some CGT. How about a portion of CGT goes to local councils to pay for services like water and keep the annual rate rises down ! People buy and sell cars and expect to lose a portion of the purchase price, partly as the car becomes more worn-out. Surely old houses which are more "worn out" should sell for cheaper prices. As a society we do not want people's houses to "be their biggest asset". We want them to save money in approved Kiwisaver and other similar schemes.

@KiwiCatherineJemma why tax the increase? During 2020 RBNZ created the biggest asset bubble in NZ history and have now engineered recession. When asset orices are driven by monetary policy why not fix the root cause rather than consequences?

@@yingle6027 SPECIALLY POLITITIANS.

She or he is lying so much. They must be using multi-currencies & multi-jurisdictions here illegally.

@@ladyjusticewarriorqueenz2005 makes you think, our low dollar doesn't support anything, it's Australian owned banks.

They aren’t fully competitive as the 4 main banks have 85%+ of the market. To have an unconcentrated market needs 6 to 7 banks with equal market shares.

The so called "family home" being exempt, is a large part of the problem. How about a 50% CGT including on the "family home". If folks buy a house for $100,000 and then sell it a few years later for $1,100,000 then they should certainly pay some CGT. How about a portion of CGT goes to local councils to pay for services like water and keep the annual rate rises down ! People buy and sell cars and expect to lose a portion of the purchase price, partly as the car becomes more worn-out. Surely old houses which are more "worn out" should sell for cheaper prices. As a society we do not want people's houses to "be their biggest asset". We want them to save money in approved Kiwisaver and other similar schemes.

Right a fake capital gains tax. Come on don’t be disingenuous.