Categories under tax

National’s back of the envelope $715 million tax calculation

Written By: - Date published: 8:58 am, September 25th, 2023 - 39 comments

Nicola Willis has essentially confirmed that the design of National’s foreign purchase of land tax was and remains sufficient to be done on the back of an envelope.

NZ Election: National’s tax policy

Written By: - Date published: 9:07 am, September 21st, 2023 - 7 comments

A year ago this month, the Liz Truss/Kwasi Kwarteng mini-budget destroyed once and for all the myth that the Tories are better at managing the economy. The New Zealand National Party could not even wait until they were in government to prove the same applies to them.

Where are National’s costings?

Written By: - Date published: 9:52 am, September 16th, 2023 - 19 comments

Despite repeated analysis that its policies do not add up National is refusing to release the costings behind its policies.

National’s enormous tax hole problem

Written By: - Date published: 8:19 am, September 14th, 2023 - 115 comments

Independent economists have calculated that there is a half a billion dollar hole in National’s foreigner land purchase tax policy.

National’s credibility is on the line

Written By: - Date published: 9:30 am, September 2nd, 2023 - 40 comments

When the history of the 2023 New Zealand Aotearoa general election is written and if Labour gets up to win historians will point to the events of this week as the turning point in what has already been a dramatic year in politics. Because I cannot believe how bad National’s tax cut policy release has been researched and structured and how bad its release is going.

Four new taxes and a climate funeral

Written By: - Date published: 8:48 am, September 1st, 2023 - 30 comments

National’s announcement of four new taxes to fund tax cuts rely on herculean assumptions that will never be met. And their proposal for climate change will undermine the slow but steady progress the country has been making to meeting its emission reduction goals.

Labour’s GST and WFF policy announcement

Written By: - Date published: 2:06 pm, August 13th, 2023 - 168 comments

As predicted Labour has announced a policy of taking GST off fresh fruit and vegetables and a significant adjustment to Working for Families In House Tax Credit levels and the Thresholds.

Should We Worry About Green and Maori Party Taxes?

Written By: - Date published: 7:47 am, July 30th, 2023 - 163 comments

We are the 99%

We need to recognise our risk to the capital flight risk of the 1%, but also recognise the benefit to the 99% of us.

Should Labour take GST off fresh food?

Written By: - Date published: 10:53 am, July 28th, 2023 - 87 comments

National’s Nicola Willis has claimed that Labour will soon announce policy to take GST off fresh fruit and vegetables.

Why a change of Government would be a bad thing – school lunches

Written By: - Date published: 12:14 pm, July 14th, 2023 - 63 comments

Act has declared its class prejudice by advocating for the cancellation of the free lunch in schools programme even though the benefits are clear and recognised and the programme helps poor kids’ nutrition and education.

Hipkins’ tax gamble

Written By: - Date published: 6:25 pm, July 12th, 2023 - 92 comments

Chris Hipkins today stated that for any future Government he leads after the next election there will be no wealth or capital gains tax implemented. End of story.

The hypocrisy of the attacks on Michael Wood

Written By: - Date published: 1:20 pm, June 12th, 2023 - 13 comments

According to National holding a modest shareholding can open a Minister to allegations of conflict of interest but owning seven investment properties and proposing beneficial tax treatment of landlords does not.

Luxon, the idiot for whom ignorance is bliss

Written By: - Date published: 12:45 pm, June 12th, 2023 - 29 comments

Last night I watched Christopher Luxon in a interview with Jack Tame on Q&A from youtube. My takeaway from it was that I don’t want this fool anywhere near actual policy. He exhibited a blissful ignorance about downstream effects of genetic engineering, climate change, and productivity in our economy. Even where I agreed with him like on GE – I didn’t want this idiot implementing policy on it.

Greens announce income guarantee and wealth tax policy

Written By: - Date published: 6:31 pm, June 11th, 2023 - 65 comments

The Green Party has today announced an income guarantee and a wealth tax.

Why We Need Universalism, Not Tax Cuts, To Solve The Cost-Of-Living Crisis

Written By: - Date published: 8:24 am, June 1st, 2023 - 64 comments

The pros & cons of tax cuts vs. universalism suggest that universalism might be universally better for New Zealand.

National's Policy Machine is a thing to behold

Written By: - Date published: 12:06 pm, May 16th, 2023 - 99 comments

National’s latest policy brainstorm is to print out and mail to every taxpayer information they could obtain by using Google and MyIRD.

Why a Capital Gains tax is necessary

Written By: - Date published: 8:09 am, April 27th, 2023 - 186 comments

With the release by David Parker of a report showing that  the wealthiest New Zealanders pay tax at much less than half the rate of other Kiwis is it time to again debate the virtue of a comprehensive Capital Gains Tax.

Making s%*t up

Written By: - Date published: 8:02 am, March 15th, 2023 - 41 comments

Is it just me or is Mike Hosking becoming more unbalanced?  The recent misrepresentation of a speech from Deborah Russell would suggest that he is getting worse.

Chloe Swarbrick: We don’t live in a game of Monopoly

Written By: - Date published: 10:04 am, March 10th, 2023 - 49 comments

The case for redistribution of wealth in New Zealand.

National’s childcare announcement

Written By: - Date published: 1:43 pm, March 6th, 2023 - 21 comments

National’s proposed child care subsidy policy is essentially an increase to existing grants that will fuel inflation and costs increases in the child care sector.

But How Do You Pay For It?

Written By: - Date published: 8:39 am, March 5th, 2023 - 27 comments

To pay for recent flood damage Grant Robertson has to decide on what proportion of this will be paid by new debt, what proportion by reallocation of expenditure, and what proportion by special tax levies.  Is an Australian style levy under consideration?

Greens: Tax the banks

Written By: - Date published: 8:25 am, March 1st, 2023 - 60 comments

Instead of creating an appeal fund and one-off lotto draw, the Labour Government could tax the billions of dollars banks have made in unearned, excess profits and use the money to support people.

Windfall tax on bank super-profits needed to help fund repair

Written By: - Date published: 3:57 pm, February 20th, 2023 - 69 comments

The repair bill for the recent cyclones will be similar to the direct cost to government of the Canterbury earthquakes, in the $13 billion region. Banks are currently making obscene profits. The time is right to impose a one-off banking windfall tax. If a conservative Margaret Thatcher can do it, it is pretty hard to argue why a Labour government can’t.

Your Mindset and Your Money

Written By: - Date published: 1:29 pm, January 18th, 2023 - 48 comments

Mega property owning entrepreneur Graeme Fowler thinks we can all be rich if we just changed our attitude.

Trump’s tax returns

Written By: - Date published: 2:47 pm, January 2nd, 2023 - 18 comments

One of the mysteries of the ages has now been resolved.  One of the great mysteries along with who killed JFK and is there life on Mars is how wealthy is the orange one.  And now we know. And it appears that he is not as wealthy as he made out to be.

National’s relentless negativity

Written By: - Date published: 11:33 am, November 5th, 2022 - 86 comments

National’s recent press releases show that its approach to politics will be relentlessly negative, with no idea of what it will do as an alternative or how it will fund changes.

Greens: proposal to tax excess corporate profits

Written By: - Date published: 1:14 pm, October 30th, 2022 - 46 comments

“An excess profit tax would be a simple and effective way for large corporations to pay their fair share, unlocking the resources all of us need to live with dignity, put a roof over our heads and food on the table,” says Green Party Finance spokesperson, Julie Anne Genter.

“Today, we have released a discussion document exploring how an excess profit tax could be designed – and how the additional revenue should be spent. We are also considering the alternative of raising company tax rates so that all profits are taxed more.”

About the reversed GST Kiwisaver changes

Written By: - Date published: 8:51 pm, August 31st, 2022 - 63 comments

National’s attack on requiring banks to charge GST on the provision of Kiwisaver services the same as smaller services is deeply cynical when its attacks on Kiwisaver in the past are considered.

Labour’s “tenant tax” is neither a tax nor for tenants

Written By: - Date published: 10:16 am, August 22nd, 2022 - 33 comments

National’s media spin team is at it again claiming that removing interest rate deductibility for landlords is a “tenant tax” when it is neither a new tax nor for tenants.

National tries to blame Labour for National’s tax flip flop flip

Written By: - Date published: 10:25 am, August 7th, 2022 - 13 comments

Chris Bishop has accused Labour of engaging in dirty politics for pointing out that this week National has changed its policy on income tax indexation twice.

National’s policies don’t add up

Written By: - Date published: 9:21 am, May 31st, 2022 - 48 comments

In 21 tweets Clint Smith has set out why National’s tax cut policies and its rhetoric are absurd and how the media is doing us a disservice by not asking the hard questions like what will be cut and how the promised tax cuts will be paid for.

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