Post by Kiwi Frontline on Mar 14, 2019 16:21:19 GMT 12
WHAITIRI RAISES FLAG ON CGT IMPACT FOR COLLECTIVE OWNERSHIP
MAORI land recovered under Treaty of Waitangi settlements will need special consideration under any capital gains tax (CGT) regime, says Ikaroa-Rawhiti Labour MP Meka Whaitiri.
Maori-owned assets returned through the treaty process were to redress Crown breaches of the treaty, she said.
Many iwi had lost their land and been denied economic values and income for over a century.
“I’m pretty sure, in due course, when owners are deriving meaningful and sustainable income from their assets, they can start paying fair tax.
‘‘We are nowhere near that when you consider a century of raupatu, or land confiscation.....
gisborneherald.co.nz/localnews/3990173-135/whaitiri-raises-flag-on-cgt-impact
MAORI land recovered under Treaty of Waitangi settlements will need special consideration under any capital gains tax (CGT) regime, says Ikaroa-Rawhiti Labour MP Meka Whaitiri.
Maori-owned assets returned through the treaty process were to redress Crown breaches of the treaty, she said.
Many iwi had lost their land and been denied economic values and income for over a century.
“I’m pretty sure, in due course, when owners are deriving meaningful and sustainable income from their assets, they can start paying fair tax.
‘‘We are nowhere near that when you consider a century of raupatu, or land confiscation.....
gisborneherald.co.nz/localnews/3990173-135/whaitiri-raises-flag-on-cgt-impact