As it happened: Prime Minister Jacinda Ardern's post-Cabinet press conference

  • 25/02/2019

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The Prime Minister is holding a press conference, where she's expected to address the Tax Working Group's recommendation for a capital gains tax (CGT). 

The recommendation was made in a report by the Tax Working Group last Thursday, with a CGT to be set at the income-earner's top tax rate, likely to be 33 percent for most people. 

Opposition to the recommended CGT has been swift, with National leader Simon Bridges calling it an "attack on the Kiwi way of life".  

Ms Ardern said on Thursday the Government will give its response to the recommendations once the public has had the opportunity to respond. The official response will be given in April.