Please find attached the letter David Parker wrote to NZIER today, pointing out fundamental errors with the analysis in
the report commissioned by Federated Farmers and shown on One News.
NZIER appears to not have realised that in Australia individuals and small businesses are only taxed on half the capital
gain if the asset is held for more than a year. Given that the effects of a CGT in New Zealand were based on the effects
in Australia, it is a fundamental error that affects the calculations.