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Mike Hosking: Capital gains tax won't go down well

Author
Mike Hosking,
Publish Date
Fri, 22 Feb 2019, 11:32AM
The Tax Working Group has recommended the Government implement a capital gains tax, estimated to raise $8 billion over five years. Photo / Fire

Mike Hosking: Capital gains tax won't go down well

Author
Mike Hosking,
Publish Date
Fri, 22 Feb 2019, 11:32AM

Every Friday morning, Mike Hosking takes you through the big ticket items of the week and lets you know what he makes of it all. 

Here's a taste of what he reckons.

Capital Gains Tax. 

4/10.

Because very few people like new taxes and this week's poll proved it. 

And that’s before you get to the absurdity of having it on a house or a business, but not on your yacht or art." 

The National Party. 

6/10.

A second poll showing roughly the same thing.

Not out of it by any stretch but the sooner they work out they're in a real fight, the better." 

Shamima Begum. 

0/10.

"You desert your country to join those who want to bring it down, then wonder why no one wants you back?

Tough luck." 

New Zealand Beef. 

9/10.

"Forbes, no less, says our First Light Wagyu beef is the best in the world. 

And in that is the key to our success, quality over quantity.

Plus, grape picking is underway early because of the summer. Hot summers mean good grapes, and good grapes sell for more at bottle shops in London.

Goes well with the Wagyu." 

Treasury's Wellbeing Spreadsheets. 

0/10. 

"The stupidity of spreadsheets putting monetary value on things you can't put monetary value on is so outlandish. 

The fact it's being used to run this country defies belief." 

Spark Sport. 

7/10. 

"Big year. I wish them well, there is a lot to put on the line. 

No one's ever sweated over a streaming service more." 

Liam Dawson. 

9/10. 

"Red Bull Racing here he comes, followed by Formula One. 

This country is amazing behind the wheel, and he's an awesome young man, to boot." 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW

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