A Capital Gains Tax on Maori land?

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There's an argument that  Maori land should be exempt from the proposed capital gains tax 

The exemption of hapū and iwi held land is essential to the integrity of a capital gains tax. Unlike property developers and investors, Māori will not make a capital gain from their land. Because of Crown abuse, they have lost capital.

By 1975, Māori had about 3 per cent of their land. The other 97 per cent certainly wasn't sold for a capital gain.

When the Treaty claims settlements came along, Iwi Chairs Forum spokesman Ngahiwi Tomoana said Māori settled for about 2 per cent of the value of their claims.

"We already think we have been taxed 98 per cent of our Treaty settlement," he told RNZ's Te Manu Korihi.    Read the full article