Jury still out on impact of foreign property investors as Key floats land tax idea

Tue, 26 Apr 2016

By Jonathan Underhill April 26 (BusinessDesk) - New Zealand would need data on the activity and influence of foreign property investors before committing to the risks and costs associated with a selective land tax, says Bob Buckle, the dean of commerce at Victoria Business School who chaired the Tax Working Group. He was commenting on Prime Minister John Key's suggestion that he would consider a land tax if data due in the next few weeks shows foreign buyers are distorting or inflaming the property market. The government will have accumul...

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