Labour succumbs to investment tax pressure
Posted on Thursday, May 18, 2006 at 8:22 PM | Permalink
Labour has done a partial u-turn providing Guinness Peat Group shareholders with a five-year exemption to the new capital gains tax on foreign investment. Quite what GPG has done to deserve an individual exemption is unclear but it is obvious their lobbying got to Michael Cullen and Peter Dunne.
Tags: Labour u-turns
Tags: Labour u-turns