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.
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.
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.
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.
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.
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
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.
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.
Written By: - Date published: 1:21 pm, March 2nd, 2019 - 67 comments
National’s claim that a capital gains tax would reduce the value of an average worker’s Kiwisaver account by $64,000 over a 45 year working life seems to be as valid as Steven Joyce’s claim there was an $11.5 billion dollar hole in Labour’s draft budget.
Written By: - Date published: 9:16 am, February 27th, 2019 - 249 comments
Expert comment suggests that a capital gains tax will redress inequality, improve the economy and make housing more affordable.
Written By: - Date published: 9:30 am, February 26th, 2019 - 59 comments
There is a classic piece of waffle in the NZ Herald about when capital gains tax will apply to the family home. But the conditions when this applies are extremely simple and obvious. However professed experts on taxation like the so-called ‘taxpayers union’ can’t understand them. Probably because they are paid not to.
Written By: - Date published: 8:17 am, February 25th, 2019 - 225 comments
Spare a thought for poor landlords who are aghast at the thought that they should have to share capital gains on properties they have purchased with no intent of making a capital gain.
Written By: - Date published: 7:53 pm, February 21st, 2019 - 129 comments
Let’s talk about why houses, art, and basically everything should be in the new Capital Gains Tax that Labour and New Zealand First should get onboard with, contrary to their reservations.
Written By: - Date published: 1:51 pm, November 27th, 2018 - 38 comments
National have got out the old “no new taxes” songbook and are singing it as loudly as they can.
Written By: - Date published: 6:10 pm, September 21st, 2018 - 66 comments
The Tax Working Group says the gaping holes in our tax system make it unfair and undermine its integrity, but the prospect of the electorate embracing even its limited recommendations on taxing capital gains make for depressing contemplation.
Written By: - Date published: 1:20 pm, March 7th, 2018 - 32 comments
Don’t hold your breath for recommendations of radical tax reform from the Tax Working Group. Chair Sir Michael Cullen says the 2020 election will be a referendum on tax and he is already kicking for touch
Written By: - Date published: 12:37 pm, December 21st, 2017 - 40 comments
A month ago Labour announced that Sir Michael Cullen would chair the tax working group and the National Party was cock-a-hoop! Steven Joyce said: “Sir Michael is many things but a politically independent voice on taxation policy he is not,” Judith Collins had fun with it too, in her regular spot on Newshub she dubbed […]
Written By: - Date published: 12:30 pm, October 14th, 2017 - 104 comments
The International Monetary Fund (IMF) says it now favours higher taxes on the rich and has demolished the myth this might adversely affect economic growth. The authoritative Washington-based think tank in its influential half-yearly monitor also argued for taxes on capital, suggesting a wealth and/or land taxes should be considered, something that will make Gareth […]
Written By: - Date published: 4:36 pm, September 25th, 2017 - 178 comments
Labour didn’t deserve to win on Saturday because, firstly, because it failed to bring a fully-fleshed tax policy to voters, and, secondly, it never attempted to win the ideological battle over tax. To succeed at the next election, Labour must begin work today to frame this debate.
Written By: - Date published: 8:29 am, September 14th, 2017 - 282 comments
Tax is emerging as the big issue of this campaign. How valid are National’s claims that Labour will introduce a variety of new taxes and what has National’s record been like? Update: in a smart tactical move Labour has promised no new taxes will be introduced until after the next election.
Written By: - Date published: 7:04 am, August 23rd, 2017 - 146 comments
Jacinda Ardern will not campaign on a capital gains tax, but will seek advice and will not rule it out in a first term. The Nats have introduced a week form of CGT already. A more robust version needs serious consideration.
Written By: - Date published: 11:24 am, August 22nd, 2017 - 71 comments
The Green Party in government will end the tax advantages property speculators currently enjoy under National by implementing a comprehensive tax on capital gains
Written By: - Date published: 8:39 am, March 25th, 2017 - 111 comments
The Labour-Green Budget Responsibility Rules announcement this week ought to dispel the notion that Labour and the Greens cannot work together.