Labour rejection of gains tax
PA Rotorua; The idea of a capital gains (tax was strongly rejected by the Leader of the Opposition : ('Mr Rowling) when he addressed an election meeting in Rotorua last evening. i Mr Rowling, who was an-' iswering a questioier, said:) It would produce a lot of) tears but not a hell of a loti of revenue.” A remit recommending a! capital gains tax was carried) at the Labour Party’s annual conference this year and referred to the policy council of which Mr Rowling is chairman.
I) He said that the remit had J not been carried unani-i t-mously at the conference. J Mr Rowling was given al . I friendly reception by a ' crowd of about 650 in the ! Civic Theatre. There were) J few interjections. . Strong support for Mr I!Rowling’s style of leadership ! came from a former Alli ! Black coach, Mr J. J.; J Stewart, Labour's candidate) [ for the new Tarawera seat.) I “I have led and I have) ■ been a leader,” he told the; ! meeting. “I would follow this) ' man to the top of the Himalayas,” Mr Stewart said.
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Press, 9 November 1978, Page 6
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185Labour rejection of gains tax Press, 9 November 1978, Page 6
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