Capital gains tax, debt-to-income ratios among IMF's policy prescriptions for NZ

Tue, 07 Mar 2017

By Paul McBeth March 7 (BusinessDesk) - A capital gains tax aimed at encouraging more investment outside housing and the introduction of a debt-to-income limit on mortgage lending are among the International Monetary Fund's recommendations for New Zealand to support its solid economy and sound financial system. The global body of 189 member countries, set up to foster international monetary cooperation, was largely upbeat about New Zealand's economy in a preliminary statement at the end of a two-week visit by officials, saying there was...

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