Posts by Deborah

  • Hard News: Doing over the witness, in reply to Dylan Reeve,

    The police have to be able to investigate all manner of things.

    They do indeed. That seems to have been the excuse they used when not investigating the Roastbusters, despite clear video evidence that crimes had been committed. It just didn't seem to be a priority.

    I think it's completely reasonable to ask questions about police priorities when comparing the response to the Roastbusters case, and the response to the dirty politics issues.

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Hard News: Doing over the witness, in reply to Raymond A Francis,

    Actually, it was the police who said Hager was a witness.

    "Soon after the police arrived, the lead detective stated that I was not a suspect in their case, merely a witness."

    Source: NZ Herald

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Hard News: Dirty Politics,

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    I am in no position to say what Labour will or won’t do with respect to the CGT. All I know is what is written in the policy, which is freely available on the Labour party website, and has been for months. I never said that Labour was exploring this position. All I said was that it was a possible option with respect to a CGT (any old CGT, anywhere in the world).

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    The Australian CGT was inflation indexed, but it proved to be absurdly complicated, so inflation indexing was abandoned, and instead, only half of any capital gain is subject to the CGT (NB: in Australia). Capital gains (in Australia) are taxed using ordinary old tax rates. This is one way of adjusting (in some fashion) for the effect of inflation ie. applying standard income tax rates, but taxing only half the gain.

    The proposed CGT here goes the other way. All the gain is taxable, but at a low rate. Bear in mind that the great majority of people who will end up paying the CGT are wealthy, so they will be on higher tax rates. So the 15% rate on CGT is a concessionary rate in comparison to standard income tax rates.

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    You've misread what I wrote, Mark. It would be possible to put in some sort of exemption like that, but there are big technical difficulties with doing it. No such exemption is in the proposed CGT. Instead, there are exemptions for family homes, and long held small businesses (per my previous post) and and exemption for collectables.

    The exemption for collectables and the like takes out most of the low level capital gains, so you're left with the big ones which are intended to be the major focus of the tax, namely, real estate and shares. Typically, low income people do not hold second properties and do not hold shares. In the great majority of cases, the only people who will end up paying CGT are wealthy people ie. those wealthy enough to own more than one house.

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    Collectables are exempt. Exactly what collectables are is yet to be defined, but there's plenty of precedent to follow from other tax jurisdictions. So that particular exemption is in place already.

    Yes, it could be possible to put in some some of low level exemption. For example, one way of doing it is to say that everyone is entitled to say, $100,000 of capital gains tax free within their lifetime, and once you've used up your exemption, that's it. But there can be considerable technical difficulties with that sort of approach, such as how to take inflation into account (an exemption worth $100,000 in 2018 is probably much more valuable than an exemption worth $100,000 in 2048).

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    Actually, I've gone quiet on it because I don't want to threadjack this discussion, and by the time I got back to the thread in the morning, other people had answered the questions you raised, so there was no point in me making the same answers.

    Notable exemptions - family home, first $250,000 gain on sale of a small business (including farms) where the business has been held and worked by the same person for at least 15 years. This exemption is intended to allow for people who "save" for retirement by building up a small business. All these details are in the policy document which has been sitting on the Labour website for months..

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe,

    If someone is well enough off to own a second house, it’s a little hard to see why they are regarded as being one of the ‘lowest’ members of society (your words, not mine). Can you refine your example?

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

  • Speaker: An Open Letter To David Cunliffe, in reply to mark taslov,

    As far as I can tell, Mark, you edited your post after I had replied to it.

    Manawatu City • Since Nov 2006 • 1323 posts Report Reply

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