'I'll almost forgive him': Opes Partners economist welcomes Labour ruling out interest deductibility changes

Labour leader Chris Hipkins recently confirmed the party won't be removing interest deductibility for landlords, despite being critical of the current Government for making changes.

Labour initially dubbed the policy as 'tax cuts for landlords' but Hipkins since claimed that the proposed capital gains tax would remove the need to make changes.

Resident Economist at Opes Partners Ed McKnight says he's feeling 'chipper' about this news.

"I just feel like that because interest deductibility was not ever a new tax in that they've put up our tax rates - it was a change to how they calculated our profits as landlords."

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