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Post by Kiwi Frontline on Apr 11, 2019 17:19:23 GMT 12
MĀORI LAND MUST BE EXEMPT FROM CAPITAL GAINS TAXThe exemption of hapū and iwi held land is essential to the integrity of a capital gains tax. Unlike property developers and investors, Māori will not make a capital gain from their land. Because of Crown abuse, they have lost capital. By 1975, Māori had about 3 per cent of their land. The other 97 per cent certainly wasn't sold for a capital gain. When the Treaty claims settlements came along, Iwi Chairs Forum spokesman Ngahiwi Tomoana said Māori settled for about 2 per cent of the value of their claims. "We already think we have been taxed 98 per cent of our Treaty settlement," he told RNZ's Te Manu Korihi...... www.stuff.co.nz/business/opinion-analysis/111920392/mori-land-must-be-exempt-from-capital-gains-tax
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