capital gains

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New Zealand treats the wealthy better than comparable nations

Written By: - Date published: 10:51 am, September 19th, 2024 - 26 comments

A recently Tax Justice Aotearoa study suggests that the country could impse a capital gains tax or wealth tax and the wealthy would still be better off than they would be in similar countries.

Hoatu he tumanako ki a rātou

Written By: - Date published: 10:30 am, March 21st, 2024 - 20 comments

Grant Robertson has given his valedictory speech in Parliament.

Hipkins endorsed

Written By: - Date published: 8:02 pm, November 7th, 2023 - 53 comments

It was never going to be anything else, but two positive emerged. All policy options are back on the table, including tax, and there is a realisation that the main task ahead is to rebuild a strong and progressive party.

Has Labour become a cadre Party? Pt 1 Leadership

Written By: - Date published: 4:43 pm, November 2nd, 2023 - 18 comments

In 2021, I voted against Labour’s conference proposal for midstream leadership change to be determined by Caucus alone, saying that it risked Labour becoming a cadre party for elites. A series of posts will start with why the Caucus should not rush to a leadership vote.

Tax or quality public services – which is more important to NZ voters?

Written By: - Date published: 10:31 pm, September 27th, 2023 - 16 comments

Earlier this year Andrew Marr wrote in the New Statesmen, that Britain’s problem was that it wanted Scandinavian levels of Public Services and North American levels of taxation. His view was that Britain was overdue for an honest debate about tax and public spending. In New Zealand, there is a similar challenge.

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.

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.

Is Parker procrastinating or scene setting for fairer tax system?

Written By: - Date published: 3:40 pm, April 27th, 2022 - 49 comments

Is Revenue Minister David Parker’s plan to gather tax data on the wealthy just more procrastination by this Labour government on making the tax system fairer? Or is it recognition the public debate needs a long-term frame to get a capital gains, or wealth tax, over the line?

Too much too far?

Written By: - Date published: 7:00 am, April 23rd, 2021 - 97 comments

As we lead up to Budget 2021, there’s much more shape to the whole direction of this government.

What is Socialism – a primer for idiots

Written By: - Date published: 9:09 am, April 5th, 2021 - 163 comments

Merchant Banker Troy Bowker has accused the Government of engaging in Socialist wealth redistribution ideology by not extending to landlords a state supported loan guarantee scheme and by implementing relatively modest wealth redistribution measures.

 

The housing crisis and the Government’s response

Written By: - Date published: 9:28 am, March 25th, 2021 - 163 comments

The Government’s housing policy announcements have been attacked by the right and landlords as being an attack on rights and business, and by elements of the left for being too timid.  Which suggests that the announcements are quite well pitched.

National and the Greens on how to solve the housing crisis

Written By: - Date published: 11:04 am, March 17th, 2021 - 71 comments

Over the past week National and the Greens have released housing policy designed to address the country’s current housing crisis.  National’s are tired and either reflect what is already happening or reinforce their doctrinal view of the world.  The Green’s proposals are more radical and reflect steps that Micky Savage and the First Labour Government took in 1935.

The Unbearable Lightness of the Bright-Line Test

Written By: - Date published: 4:20 pm, March 13th, 2021 - 96 comments

The bright-line test is a red herring and does nothing to deter housing speculation.

So, You Want To Buy Your First Home?

Written By: - Date published: 7:00 am, March 7th, 2021 - 75 comments

Money does not grow on trees, it grows on houses. It is pure magic!

Tranquillum

Written By: - Date published: 7:28 pm, December 6th, 2020 - 134 comments

Don’t expect a jellyfish to grow a spine, they just bob along on the current and keep moving, gently, slowly, kindly.

No Right Turn: the obvious question

Written By: - Date published: 6:05 am, November 23rd, 2020 - 20 comments

One in four property speculators aren’t paying the bright-line tax.

Will consensus building paralyse Ardern?

Written By: - Date published: 7:14 am, October 21st, 2020 - 33 comments

Jacinda Ardern aims to bet both ways on our future – transforming Aotearoa to rid us of inequality and poverty, and building consensus. She has won a mandate with her historic, landslide victory but can she do both? My question is whether Labour are willing to do that because of her desire to maintain consensus and not rock the waka.

NZ election 2020: Labour win is a watershed moment in the country’s history

Written By: - Date published: 12:27 am, October 20th, 2020 - 47 comments

The 2020 election was more than just a victory for Labour and more than a crushing defeat for the National Party (New Zealand’s main centre-right political party). This result marks a significant watershed in New Zealand politics which will likely have implications long after this parliamentary term.

National tacks right

Written By: - Date published: 3:35 pm, August 26th, 2019 - 44 comments

National has released its economic policies for the next 12 months and they have a decidedly backward feeling about them.

Should the Government spend massively more?

Written By: - Date published: 3:18 pm, August 8th, 2019 - 58 comments

With yesterday’s announcement by the Reserve Bank to cut interest rates by 1%, some are suggesting that the government should embark on a massive public works spree to stimulate the economy while increasing national debt at low interest rates.  But Kiwisaver reform may be more effective.

Jacindamania

Written By: - Date published: 8:01 am, July 28th, 2019 - 138 comments

Despite the babies and the engagements, maybe it’s time to ditch the default Jacindamania.

About the CGT decision

Written By: - Date published: 8:06 am, April 18th, 2019 - 232 comments

With the benefit of hindsight the decision not to proceed with a capital gains tax was almost inevitable.

CGT Dumped

Written By: - Date published: 2:08 pm, April 17th, 2019 - 244 comments

The Government has announced that there will be no Capital Gains Tax. It’s a shame, but it’s good politics.

Support Tax Fairness Reform

Written By: - Date published: 12:15 pm, April 9th, 2019 - 16 comments

The Tax Justice Network has started a campaign to gain support for taxing capital as income to support and improve our public services. If you would like to support the campaign, you can sign the petition here or donate here. All funds donated will go to the campaign advertising.

Astroturf organisation accuses Tax Justice Aotearoa of being an astroturf organisation

Written By: - Date published: 12:13 pm, April 8th, 2019 - 18 comments

The Taxpayer’s Union (not a real union) has hit peak irony by accusing another organisation of being an astroturf organisation.

Tax Justice Aotearoa starts campaign in support of CGT

Written By: - Date published: 7:46 am, April 8th, 2019 - 168 comments

Tax Justice Aotearoa has started a public campaign in support of a capital gains tax.

We need more than capital gains tax to address inequality

Written By: - Date published: 2:41 pm, March 25th, 2019 - 46 comments

The most important comment in the Tax Working Group’s Final Report is that even the reasonably comprehensive capital gains tax proposed is likely to have only a minor impact on addressing inequality — what is needed is a more progressive income tax system that lifts the top marginal tax rate 

Landlord advocates threatening rent increases if Labour wins next election

Written By: - Date published: 8:05 am, March 11th, 2019 - 288 comments

A landlord has advocated that all landlords should threaten to increase tenant’s rentals if Labour wins the next election.

The tax debate – Dogwhistle time

Written By: - Date published: 8:07 am, March 7th, 2019 - 111 comments

National has resorted to race baiting in its attempt to denigrate the Tax Working Group’s proposed capital gains tax.

National’s Tax review strategy

Written By: - Date published: 11:22 am, March 5th, 2019 - 107 comments

The Government is not due to announce its response to the Tax Working Group’s recommendations for a few more weeks. It appears that National using outrageous assumptions will take the opportunity to raise horror stories in the media on how bad the tax could be.

MAFS National Style*

Written By: - Date published: 10:32 am, March 3rd, 2019 - 61 comments

National is grooming the voters for another dirty ACT.