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Written By: Craig H - Date published: 11:05 am, March 10th, 2025
An issue with CGTs is that as the government becomes reliant on the income, they become reliant on property values increasing to raise revenue.Written By: Craig H - Date published: 11:02 am, March 10th, 2025
CGTs don't stop property speculation unfortunately - if it makes money, people will do it.Written By: Craig H - Date published: 12:18 am, March 1st, 2025
If the issue is other countries having a better rate, it would need to drop far more than 3 percentage points, so I think you've hit the nail on the head with the real reason.Written By: Craig H - Date published: 12:07 pm, February 23rd, 2025
Can't see it personally - rolling the PM during the first term is a loser's game. I suppose if numbers are dropping around 20% maybe, but otherwise, the internal narrative will just be 'could always be worse'.Written By: Craig H - Date published: 3:20 pm, February 17th, 2025
If a child would be otherwise be stateless, they are NZ citizens by birth (Citizenship Act 1977 No 61 (as at 26 November 2024), Public Act 6 Citizenship by birth – New Zealand Legislation). That said, the child would automatically qualify for UK ...Written By: Craig H - Date published: 10:10 am, February 12th, 2025
Two possibilities come to mind. Firstly, most commentators probably genuinely think Labour can't win with Hipkins because nobody loses and gets re-elected later, and therefore Labour should replace him for more of a fighting chance. Secondly, there may be ...Written By: Craig H - Date published: 8:08 pm, January 22nd, 2025
I think executive clemency is occasionally useful where the law is poorly written or the courts get it wrong, but should be used sparingly.Written By: Craig H - Date published: 11:04 am, January 22nd, 2025
Consumers price index: December 2024 quarter | Stats NZ Inflation for the year ending December 2024 is 2.2%, same as for the year ending September 2024. Interestingly, food prices down, rents up, rates up, core inflation at 3% which might make it hard for ...Written By: Craig H - Date published: 11:25 pm, January 20th, 2025
I considered including NAIRU, but RBNZ uses MSU instead, so I stuck with that. That aside, agree with your general points - any time spent reading through a few RBNZ's Monetary Policy Statements shows that RBNZ don't really know what the MSU/NAIRU is. ...Written By: Craig H - Date published: 10:19 am, January 20th, 2025
Here's the grossly oversimplified version: Inflation is measured by reference to price increases across a selected range of goods and services (this is the Consumer Price Index/CPI). The target range of inflation is 2% per year i.e. average price increases ...Written By: Craig H - Date published: 11:57 am, January 15th, 2025
I'm not sure why any political party would start selection processes this early? That doesn't mean that the local LEC doesn't have any ideas if the current MP or last candidate is stepping down, but first they have local government elections to worry about ...Written By: Craig H - Date published: 11:54 am, January 15th, 2025
Probably not something that makes it through this term I would have thought.Written By: Craig H - Date published: 2:15 pm, January 14th, 2025
Even that's questionable - nobody has tested whether a simple majority is required to just repeal legislation (rather than amend it).Written By: Craig H - Date published: 12:13 pm, January 8th, 2025
Seems straightforward enough to me - don't debate it all, but if Parliament is going to debate, ensure everyone who wants to be heard, is heard.Written By: Craig H - Date published: 8:53 am, January 6th, 2025
We don't have an upper house which might stymie bad legislation, and we don't have superior law like a constitution for courts to strike down bad legislation. Bribery and corruption are crimes, but very hard to prosecute. From an accountability perspective ...Written By: Craig H - Date published: 7:50 pm, December 31st, 2024
Large businesses have to pay twice a month, but either businesses have the money or they don't - if businesses get months behind, it's because IRD didn't follow up early enough, but also because the only way they can stop a business operating is to get it ...Written By: Craig H - Date published: 11:49 pm, December 30th, 2024
Individual employees bringing private prosecutions seems unlikely, but unions could, as could a group of employees with pooled funds. Getting evidence beyond employment records maintained under the Employment Relations Act and Holidays Act would be ...Written By: Craig H - Date published: 11:35 pm, December 30th, 2024
Deduction and non-payment of PAYE is a criminal offence that IRD prosecutes now - https://www.ird.govt.nz/media-releases/2024/prison-for-tax-evasion for a recent example. Payday filing (as in filing the PAYE returns every payday) is also a requirement for ...Written By: Craig H - Date published: 11:23 pm, December 22nd, 2024
Festive cheer to you too MT! I enjoyed your posts on Reddit (and still do!), and you've done a great job stepping up from Reddit to here and on Substack.Written By: Craig H - Date published: 5:20 pm, December 19th, 2024
GDP per capita dropped even more (1.1% instead of 1%), so the individual picture is even worse.Written By: Craig H - Date published: 5:17 pm, December 19th, 2024
I think generally MMP elections come down to about 10% - the centre left and centre right have about 45% of solid(ish) support, and they are scrapping over the rest. Obviously there have been some historically bad outcomes in both directions, but that's my ...Written By: Craig H - Date published: 5:15 pm, December 19th, 2024
BHN think he stutters when he doesn't believe what he's saying, which is very visible when that's the case.Written By: Craig H - Date published: 5:11 pm, December 19th, 2024
That's exactly what happens and is why recessions can take years to properly break out of if they are deep (and individual economic scarring can be unrecoverable).Written By: Craig H - Date published: 5:04 pm, December 19th, 2024
That's the technical economics term for it, and is also why more money to the poorest e.g. beneficiaries has the highest multiplier effect, because they spend it as they get it. A simple example around tax multipliers is buying milk means GST immediately ...Written By: Craig H - Date published: 1:23 pm, December 16th, 2024
Not a lawyer but familiar with this area. If the constitution/rules don't provide for withdrawing nominations, then they can't be (my experience is that it's rare for constitutions to have a provision to this effect). If the club is an incorporated society ...Written By: Craig H - Date published: 11:45 pm, December 13th, 2024
It's not new to CoC - having read the Bill, it's basically just a rehash from last time National were in government (much like a lot of their policies...). That said, I don't agree with deductions for partial strikes since all that happens is unions advise ...Written By: Craig H - Date published: 4:43 pm, December 13th, 2024
https://www.rnz.co.nz/news/political/536551/government-goes-back-to-drawing-board-on-holidays-act Ugh... Not that the existing Holidays Act is simple to apply in practice, but one of the things that makes it complex to apply is wanting to include fairness ...Written By: Craig H - Date published: 12:31 pm, December 2nd, 2024
KM was announced as campaign manager for 2026 so it's highly unlikely that party leader is in his current plans.Written By: Craig H - Date published: 5:43 pm, December 1st, 2024
Agree, and I was also pleased to hear him recommitting to reinstating smokefree legislation and undoing tobacco tax breaks.Written By: Craig H - Date published: 5:41 pm, December 1st, 2024
Great to see he learnt from the member feedback after the election. As a conference delegate, I'm pleased to us get through the first round of policy work without disempowering members by announcing policies in areas that are being worked on. To that end, ...
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