The ACT party wants to allow people to make tax-free profits from cryptocurrencies, like Bitcoin, as long as they hold onto it for more than a year.

It would also make it easier to use crypto for small purchases by creating a tax exemption for such low-value transactions.

Under the current rules, investors have to calculate tax on profits every time they sell or swap their assets.

Leader David Seymour joined the Afternoons team to explain that the rest of the world is embracing cryptocurrencies and New Zealand needs to be a 'frontier' and adapt to new technology.

LISTEN ABOVE

The ACT party wants to allow people to make tax-free profits from cryptocurrencies, like Bitcoin, as long as they hold onto it for more than a year.
It would also make it easier to use crypto for small purchases by creating a tax exemption for such low-value transactions.
Under the current rules, investors have to calculate tax on profits every time they sell or swap their assets.
Leader David Seymour joined the Afternoons team to explain that the rest of the world is embracing cryptocurrencies and New Zealand needs to be a 'frontier' and adapt to new technology.
LISTEN ABOVE

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Matt and Tyler dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

We’re bringing you an exciting new era on Newstalk ZB with Matt Heath &amp; Tyler Adams Afternoons.
With years of media and broadcast experience between them, this team brings a fresh and unique perspective to your weekdays.
Matt and Tyler dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath and Tyler Adams dive into the latest news stories, share their opinions, and engage with their listeners weekdays on Newstalk ZB.

Matt Heath & Tyler Adams Afternoons

David Seymour: ACT Party leader on the party promising tax-free gains on cryptocurrency

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8144d6d0-4a3e-41c5-a5f3-b4b3003deea8/transcript