tax

Don Brash: Hypocrite on CGT

Written By: Guest post - Date published: 4:05 pm, July 14th, 2011 - 17 comments

It would appear that Don Brash has ideals – and when politically required, he has other ideals.

In fact he has so many ideals that his viewpoint on a Capital Gains Tax appears to veer all over the political landscape especially in his latest press release on CGT. At a guess his only real objection to a CGT is that he is not the person proposing it.

Taxpayers

Written By: Guest post - Date published: 9:00 am, July 14th, 2011 - 35 comments

According to Gareth Morgan, “all income should be taxed if it is a fair income tax”. So where are taxes coming from right now? Well increasingly more of it is being paid by wage and salary earners, and less by businesses. Hopefully a capital gains tax will partially redress that imbalance.

Australia: screaming backwards with CGT

Written By: Guest post - Date published: 1:51 pm, July 13th, 2011 - 57 comments

Russel Norman put a dagger into John Key yesterday in question time asking whether a series of national and international economic authorities really wanted to “put a dagger through the heart of growth” with a CGT. Key can waffle and whine all he likes, but he can’t avoid the truth of Australia’s enviable growth record with CGT.

Key shoots himself in foot over CGT

Written By: Eddie - Date published: 11:05 am, July 12th, 2011 - 24 comments

Capital gains is a good policy that build’s the credibility of Labour’s economic and fiscal plan. Labour’s brilliantly run pre-launch has sparked interest and discussion. The destruction of John Key’s economic credibility has been a welcome side benefit. And it is a blow, Vernon Small points out, that Key has inflicted on himself.

Sweeping the board

Written By: Eddie - Date published: 11:38 am, July 10th, 2011 - 56 comments

The genius of Labour’s (not yet official) capital gains tax is not just the policy itself but the way it has picked the public mood. Support has been near-universal. The Left loves the fairness aspect – workers won’t be subsidising landlords anymore. The Right loves the implications for capital allocation, interest rates, and the exchange rate. The Nats look isolated and hysterical.

Key walks into Labour’s CGT trap

Written By: Eddie - Date published: 11:33 am, July 8th, 2011 - 66 comments

It has been a rare and sincere pleasure to see National walk straight into a trap carefully laid by Labour. Goff and his team haven’t even publicly confirmed their capital gains tax policy but proponents to the Left and Right are winning the pre-launch media framing for them, while Key’s contradictory ranting is undermining his credibility.

The housing market implications of capital gains tax

Written By: Guest post - Date published: 12:27 pm, July 7th, 2011 - 126 comments

The landlords’ lobby group is making a lot of noise over Labour’s, still unannounced, capital gains policy. They say rents will go up, the supply of housing will fall, and it won’t stop house prices bubbles. Examining those claims shows that there would be little impact on rents while housing bubbles would be reduced and home ownership would be more affordable.

Owning the agenda

Written By: Anthony R0bins - Date published: 6:03 am, July 7th, 2011 - 153 comments

Labour have started setting out a bold, fair and plausible policy framework for the election.  Rumours of their tax policy  have generated more interest and excitement than anything the National government has done in the last three wasted years.

Farrar’s tax cut chicanery

Written By: Guest post - Date published: 10:58 am, June 24th, 2011 - 98 comments

The National Research unit has created National pollster David Farrar has taken time out of his holiday to create a graph showing the reduction in tax across incomes. Supposedly it shows National’s tax cuts weren’t for the rich after all – we just imagined it! But the research unit Farrar have avoided some inconvenient facts.

Key’s dodgy scheming

Written By: Zetetic - Date published: 12:00 pm, May 25th, 2011 - 22 comments

*Key says that we will get to vote on his Kiwisaver cuts in the election. Truth is, they passed the law last week and the tax credits are cut from July 1. *What’s up with the dodgy Kiwibank numbers? Plans for sale? *The govt is importing World Cup workers while 270K are jobless. *Key’s jokes falling flat with pissed off voters.

Some are more equal than others

Written By: Guest post - Date published: 10:32 am, May 16th, 2011 - 42 comments

As we wait to see just how bad the economy has got under National, and what cuts they will force on us to pay for their follies, Michael Bott’s reports on canvassing in Masterton: “I spent a weekend with a team of Labour volunteers listening to the concerns of the people. A repeated remark was, ‘‘ no matter how hard I try, I just can’t get ahead’’”

If only smiles were dollars

Written By: Eddie - Date published: 10:26 am, May 15th, 2011 - 38 comments

The minor party debate on Q+A was very interesting. Rahui Katene was self-contradictory and vague, like the Maori Party always is. Peter Dunne was pathetic. Roger Douglas slammed the government’s borrowing as did Russel Norman, who pointed out the other three had all voted for National’s debt-increasing tax cuts for the rich.

Taking from Kiwisavers & giving to the rich

Written By: Guest post - Date published: 6:32 am, May 10th, 2011 - 81 comments

John Key has confirmed he intends to slash Kiwisaver to the bone by cutting the up to $1040 a year government contribution you get as a member. Of course, this is the savings budget according to National’s spin. They’re going to ‘encourage’ savings by taking that money from Kiwisaver and giving it to rich individual savers. It’s just more class war.

Cleaning up after the royals

Written By: Mike Smith - Date published: 6:00 pm, April 22nd, 2011 - 14 comments

Buckingham Palace cleaners aren’t even paid the London living wage while the British taxpayer will have to pay for the royal wedding cleanup. That’s one reason why I’m a republican. The Globe and Mail reports: “The cost of cleaning the streets of Westminster the day before the wedding is estimated by the council at $83,000.”

Economists line up on “Robin Hood” tax

Written By: Mike Smith - Date published: 9:16 pm, April 15th, 2011 - 31 comments

1000 economists have written to the G20, about to meet in Washington, and to Bill Gates, asking for a tax on financial transactions known as a Tobin tax after its originator, or a Robin Hood tax as it is known in the US. 4 New Zealanders are among the 1000; Prue Hyman, Stefan Kesting, Peter Conway, and Petrus Simons. Good on them.