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Originally Posted by Ab
I pointed out that Labour MPs saying "Switzerland and Turkey are the only places without CGT" was incorrect and/or deliberately misleading, as Hong Kong and Singapore don't have CGTs at all, and many other countries that DO have CGTs have exemptions and loopholes so broad that CGT is rarely ever incurred.
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If these Labour clowns are typical of many NZers, they probably still think HK and Singapore are some third world, backwater places and don't count as developed countries.