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?
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.
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.
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.
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!
Written By: - Date published: 6:05 am, November 23rd, 2020 - 20 comments
One in four property speculators aren’t paying the bright-line tax.
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.
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.
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.