Ok Matt, so that extra $15k is not better off in Kiwi Saver or in a term investment or being spent on a holiday or a car or something that allows others to have jobs - it’s better off with the government.
Sorry, I'll never buy that. *Rich* pricks spend a lot of money too. That spending allows certain businesses to stay afloat and allows students to be employed in restaurants as waitresses etc. But never mind, I’m sure the government can buy a restaurant or 100 with the extra $15k.
Their recommendations on such:
Most members of the TWG have significant concerns over the practical challenges arising from a comprehensive CGT.
The majority of the TWG support detailed consideration of taxing returns from capital invested in residential rental properties on the basis of a deemed notional return calculated using a risk-free rate.
...so if you made $100k capital gain you pay $15k to the govt - you still get $85k "profit".
At the moment, yes. But we all know once it's in, it is cannon-fodder for future politicans. Then there's the general issue of whether that $15K is better left in the hands of individuals, families etc or whether the government can allocate it better.
I realise on this site I'm going to lose that one!
What I'll be looking for is whether the policy framework by Labour follows the recommendations of the experts: http://www.victoria.ac.nz/sacl/cagtr/pdf/tax-report-website.pdf
Considering Goff et al have already discredited a land tax, I don't hold out much hope they will follow the experts.
What I see happening to cover rent rises (which are almost inevitable) is another subsidy or tax credit of some sort, thereby making the tax system even more confusing and complex - the very thing the TWG warned against.
At some point in time, the major political parties are going to have to consider what is the best thing to do for the country, rather than for the 10-15% they need to win an election. I don't know when that will come, but its time has passed.
Two or three electorate seats is worthless for Mana except to avoid the ACT "problem" of relying on an electorate seat for your political survival. Parties need alternatives. Except for that reason, Mana should, if they are smart, focus on as many party votes as possible. That signifies success with a sole electorate seat, not another electorate seat (or 2).
I read an article in some newspaper when Dunne announced this that quoted a guy who actually manufactures (or imports) these "legal highs" and he basically said he would just get the "chemists" to make other legal highs if Dunne banned cannabinomimetics.
It's such bad policy that it really doesn't deserve a mention, or debate, just ridicule.
Nah, I won't. Not even at 11:26pm when I'm barely functional.
...coming into the Lions Den I know....just how I like it.
Are you the ex ACT Nick Kearney?
Yes, which is why I commented (sarcastically) on the absurd suggestion David paid for his list position.
And one who can also now use the highlight text/quote function, and the reply function all at once.
Oops, you need an edit function. That was in reply to this by Christopher Dempsey;
I understand he paid for that spot. In six figures apparently.