Story perspectives

69% of New Zealanders Support Inflation-Adjusted Capital Gains Tax

11/25/2025

Summary

Story summary

A Taxpayers’ Union-Curia poll finds 69% of New Zealanders favor real, inflation-adjusted capital gains tax.
The poll was released shortly after Labour's announcement and shows support among Labour voters.
Labour leader Chris Hipkins says the tax would apply only to future gains.
Critics, including Taxpayers’ Union spokesman James Ross, argue inflation-driven gains should not be taxed, and the poll shows 39% supporting and opposing the policy overall.

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Story summary

A Taxpayers’ Union-Curia poll finds 69% of New Zealanders favor real, inflation-adjusted capital gains tax.
The poll was released shortly after Labour's announcement and shows support among Labour voters.
Labour leader Chris Hipkins says the tax would apply only to future gains.
Critics, including Taxpayers’ Union spokesman James Ross, argue inflation-driven gains should not be taxed, and the poll shows 39% supporting and opposing the policy overall.