Simeon Brown's banner
Simeon Brown's profile picture

Simeon Brown

@SimeonBrownMP • 10,668 subscribers

MP for Pakuranga. Minister of Health, State Owned Enterprises, and Auckland. Auth by S Brown, 120 Pakuranga Road, Auckland. OIAs: [email protected].

Shorts

Just clearing up any confusion.

Just clearing up any confusion.

52,996 views

Videos

SimeonBrownMP's profile picture

After Chris Hipkins and Barbara Edmonds were unable to answer questions about their $18.8 billion hidden bill today, a senior Labour MP has tonight revealed an extension of the party’s planned Capital Gains Tax. After months of Labour claiming their Capital Gains Tax exempts farms, Agriculture Spokesperson Jo Luxton has appeared to confirm that farms with accommodation on them, alongside commercially owned farms will in fact be subject to Labour’s Capital Gains Tax. Farms up and down New Zealand are legally required to provide worker accommodation, alongside many remote farms that are not able to operate without providing accommodation. For some farms the economic reality of hiring workers means they must provide accommodation as part of that agreement. On top of that, many farms are owned through commercial co-operative agreements. Jo Luxton has just confirmed that all of those farms will be hit by Labour’s Capital Gains Tax. Of course, it’s no surprise that Labour now appears to be widening the pool of assets subject to their Capital Gains Tax. With an $18.8 billion funding gap to fill, Labour will be desperate to find new ways to take more money from hard working New Zealanders. Chris Hipkins and Barbara Edmonds need to explain why they have told New Zealanders farms are exempt from their Capital Gains Tax, when that is clearly not the case. Kiwis have a clear choice on November 7. It’s either no new taxes with National, or nine new taxes and counting under a Labour-Greens-Te Pati Māori-Opportunity Party coalition.

Simeon Brown

18,132 views • 3 days ago

No more content to load