tax
Categories under tax
- capital gains (104)
- gst (55)
UK sugar tax
Written By: - Date published: 11:47 am, March 17th, 2016 - 27 comments
The UK has done the sensible thing for public health and introduced “a new tax on sugary drinks”. The Herald asks: UK sugar tax – could NZ be next?
Fonterra faces liquidity issues as rivers of “white oil” dry up
Written By: - Date published: 5:47 pm, March 8th, 2016 - 141 comments
Pundits, most residing in the National Party, just three years ago predicted the economy would surf high on “rivers of white oil” flowing from the dairy industry, but they now have cow pats splattered on their faces as Fonterra today announced another payout downgrade and signalled liquidity pressures.
National the party of economic lunacy
Written By: - Date published: 10:02 am, February 10th, 2016 - 166 comments
A “$17 billion hole in the economy”. An estimated $18 billion lost because National stopped investing in the super fund. A record national debt. And we’re still talking about tax cuts? Lunacy!
The great big list of John Key’s big fat lies (UPDATED)
Written By: - Date published: 7:00 am, January 27th, 2016 - 79 comments
How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.
The problem with free market capitalism
Written By: - Date published: 11:16 am, January 9th, 2016 - 249 comments
This morning’s Herald contains a story about a young man who with a family gift has managed to purchase eleven houses over the past five years and can afford to pay World of Warcraft all day.
Read my lips – some new taxes
Written By: - Date published: 11:23 am, November 20th, 2015 - 29 comments
Getting mommy to dispense the drugs
Written By: - Date published: 12:52 pm, October 28th, 2015 - 32 comments
Now that cannabis is going legal and heading for the neighbourhood social gatherings where mothers sell addictive substances (like cosmetics and kitchenware) to each other. Lets legalize it, tax it HEAVILY, and could someone please give Helen Kelly and others like her the relief that they can use.
No, National shouldn’t have balanced the books.
Written By: - Date published: 9:30 am, August 28th, 2015 - 34 comments
Simon Louisson recently made a post about National’s profligacy, and all of the debt they have racked up. Guest poster Michael disagrees with Simon and says that “Yes, National was profligate.” and “No, National should not have balanced the books.”
In face of share market meltdown, Govt’s options limited
Written By: - Date published: 7:15 am, August 26th, 2015 - 55 comments
John Key says New Zealand has options in the face of a share market meltdown and is not like Greece (well that’s a relief). Simon Louisson asks how real are John Key’s options? Thanks to this Government’s profligate past spending, including irresponsible tax cuts, our options have narrowed drastically.
Parasite Drive; the NBR Rich List
Written By: - Date published: 10:50 am, July 31st, 2015 - 98 comments
The NBR’s annual list of the one percent is out. No surprises that the growing inequality in New Zealand is working well for the parasites at the top of the hill.
NRT: Facilitating tax cheats
Written By: - Date published: 4:25 pm, July 20th, 2015 - 15 comments
I/S at No Right Turn on a reported rush in demand ahead of new rules for real estate transactions aimed at cracking down on tax cheats and speculators.
NRT: This is wrong
Written By: - Date published: 1:44 pm, July 13th, 2015 - 49 comments
“Auckland’s median house price rising a record 26 per cent to $755,000 over the past year..”. This is what a bubble looks like: when your house “earns” a top-end salary just by existing. And its a perfect example of why we need a capital gains tax.
Lets restrain those damnfool knights eh?
Written By: - Date published: 10:52 pm, July 6th, 2015 - 20 comments
“THE struggle has been long and arduous. But gazing across the battered economies of the rich world it is time to declare that the fight against financial chaos and deflation is won. In 2015, the IMF says, for the first time since 2007 every advanced economy will expand.”. But lets restrain the damn fool ideological idiots from screwing it up. Like Bill English and his damn stupid taxcuts…
The myth of “Retirement Savings”
Written By: - Date published: 10:18 am, June 9th, 2015 - 101 comments
Advocates of Kiwisaver and other funded “retirement savings” schemes perpetuate the fundamental misunderstanding that “conventional” in New Zealand’s case “neo-liberal” economists, speculators, finance companies, politicians and those with a lot of share holding wealth in non-productive enterprises like to perpetuate.
Superannuation and Government forecasts
Written By: - Date published: 9:31 am, May 25th, 2015 - 197 comments
National has again refused to consider doing anything about the future of Superannuation. Yet its policies of increasing Crown debt, stopping contributions to the Cullen Fund and attacking Kiwisaver have made a discussion about the future of superannuation more important than ever.
English not even trying any more
Written By: - Date published: 7:04 am, May 24th, 2015 - 71 comments
Anyone remember departure tax?
Rushed policy is bad policy
Written By: - Date published: 7:10 am, May 19th, 2015 - 24 comments
National’s policy opens the door to more effective capital gains tax, thus irritating investors and their base, while probably not achieving anything in practice. The worst of both worlds. Bonus question – does this policy effectively underwrite losses when the property bubble bursts? Plus another bonus John Key lie!
Deborah Russell: Preliminary thoughts on the Government’s new tax
Written By: - Date published: 9:15 am, May 18th, 2015 - 48 comments
Deborah Russell is a senior lecturer in taxation at Massey University and was Labour’s candidate in Rangitīkei in the 2014 general election. In this post she sets out her preliminary views on National’s new tax.
CGT: the focus groups made Key do it
Written By: - Date published: 8:42 am, May 18th, 2015 - 39 comments
According to John Key the proposed tax on capital gains if a property is sold within two years of purchase is not a capital gains tax, there is no housing bubble in Auckland, and the proposed new tax does not represent a complete about face by the Government.
NRT: National’s hand-wringing on housing
Written By: - Date published: 4:12 pm, April 23rd, 2015 - 20 comments
Auckland house prices have exploded again. Houses get more capital gains than their inhabitants do in salaries. So what is the government doing about it? Nothing. They haven’t tried the economic basics.. Capital gains tax to decrease demand, or a building programme to increase supply. Meanwhile National’s landlord MPs laughing all the way to the bank…
Housing and capital gains tax
Written By: - Date published: 10:02 am, April 18th, 2015 - 91 comments
This week the Reserve Bank recommended adopting the Labour / Green capital gains tax, the National party denied and dithered, and Don Brash explained the truth about the property bubble.
(Image credit Foxy.)
Deborah Russell: does New Zealand actually have a capital gains tax?
Written By: - Date published: 2:00 pm, April 17th, 2015 - 65 comments
A guest post by Deborah Russell responding to Government claims that we already have a capital gains tax on the sale of land.
The difference between a surplus and landing a 747 on a pinhead
Written By: - Date published: 11:55 am, April 14th, 2015 - 16 comments
John Key’s latest pronouncement is that achieving a budget surplus is as difficult as landing a 747 on a pinhead. Michael Cullen must be a super airline pilot if this is the case.
UK Labour to crack down on tax cheats
Written By: - Date published: 11:34 am, April 12th, 2015 - 21 comments
UK Labour have promised “all-out war on tax avoidance and evasion”. NZ Labour should follow suit.
PM can’t calculate GST
Written By: - Date published: 7:24 am, March 18th, 2015 - 66 comments
Gotcha politics is all good sport when the opposition makes a mistake. How about Key’s self-inflicted blunder?
Another week another banking scandal
Written By: - Date published: 9:33 am, February 12th, 2015 - 91 comments
Another big tax evasion scandal with links to NZ. Don’t expect the government to spend any time looking in to this.
Polity: Crampton on online GST
Written By: - Date published: 2:49 pm, January 27th, 2015 - 33 comments
Rob Salmond has a bite at Eric Campton’s rather ideologically naive ideas about balancing up the GST playing ground between local and overseas retailers. Rather than not doing anything about it as Eric suggests and leaving local retailers flailing. Why not just make it simple as local collection of GST?
Bill Gates on Piketty and inequality
Written By: - Date published: 10:00 am, December 26th, 2014 - 64 comments
Thomas Piketty in his book Capital in the Twenty-First Century came to the strong conclusion that capitalism left by itself will increase inequality and cause increased risk of social, economic and democratic upheaval. He has an unlikely supporter, albeit critical, in Bill Gates, one of the richest men in the world.
Fudge-it-Budget
Written By: - Date published: 9:18 am, December 11th, 2014 - 31 comments
The lied about surplus in the run up to the 2014 National Election is looking like matching Penn and Teller for magical skills. It’s the ultimate disappearing act. Unlike bad economic figures when Labour is in Government, this isn’t National’s fault. Bill English says so. It’s all down to a whole lot of unusual and […]
In defence of John Key
Written By: - Date published: 9:09 am, November 18th, 2014 - 158 comments
Click-bait, moi?
No One’s Fault But Ours
Written By: - Date published: 5:45 pm, September 9th, 2014 - 66 comments
Nothing so clearly demonstrates John Key’s contempt for the New Zealand voter as his confidence that we will believe whatever he tells us. He has had ample experience to back up that confidence. The course taken by the dirty politics saga is perhaps the most obvious case in point. If the polls are to be […]
- Funding is not the central part of our infrastructure crises
Opinion: Govt does not develop trust by just stopping things to save short-term costs The post Funding is not the central part of our infrastructure crises appeared first on Newsroom. ...6 days ago - The march on Wellington
A redoubt was built on Mr Clifford’s property on Thorndon Flat in anticipation of war in 1846. It was simply a square earthwork with a surrounding trench. All round the parapet were wood-framed loopholes for musket-fire. A more extensive work was constructed at the Te Aro end of the town as a ...6 days ago
- Daily crossword, Monday 18 November
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- Businesses will have to accept cash for essentials under government plan
Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra The Albanese government, anxious to prevent a dash from cash by businesses, says it will mandate that they must accept it for essential items. Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones outlined the ...6 days ago - NFP president slams Labour leader for ‘hallucinating’ about Fiji governance
By Anish Chand in Nadi, Fiji National Federation Party president Parmod Chand has described Fiji Labour Party leader Mahendra Chaudhry as a “self-professed champion of the poor” and criticised him over “hallucinating” about the country. Chand made the comment when responding to remarks made by Chaudhry during FLP’s Annual Delegates ...6 days ago
- Hīkoi day 8: Significant disruption expected when thousands converge on capital
RNZ News New Zealand’s hīkoi against the Treaty Principles Bill could be one of the largest rallies that the capital has seen for years, Wellington City Council says. The Hīkoi mō te Tiriti will arrive in Wellington tomorrow, and locals are being warned to expect disruption and plan ahead. Yesterday, ...6 days ago
- Hīkoi mō te Tiriti: Significant disruption expected when thousands converge on capital
Wellingtonians are being asked to plan ahead, while the PM says he'll "wait and see" as to whether he meets hīkoi participants. ...6 days ago - South Australian Labor gains Black at byelection with big swing
Source: The Conversation (Au and NZ) – By Adrian Beaumont, Election Analyst (Psephologist) at The Conversation; and Honorary Associate, School of Mathematics and Statistics, The University of Melbourne Twitter A byelection occurred on Saturday in the South Australian Liberal-held state seat of Black. With all election day votes counted, ...6 days ago
- Luxon to ‘push on’ with Trump amid tariff concerns
New Zealand must work with politicians like Donald Trump regardless of any polarising policies, Prime Minister Christopher Luxon has said at the conclusion of an international summit where the incoming ruler’s plans loomed large.Luxon took part in the annual leaders’ retreat at the Apec summit, held this year in Peru’s ...6 days ago
- Trump win, 1.5C warming breach weigh on UN climate ‘finance COP’
By Sera Sefeti of BenarNews Pacific delegates fear the implications of a Trump presidency and breach of the 1.5 degree Celsius warming target will overshadow negotiations on climate finance at the UN’s annual COP talks that have started in Azerbaijan this week. At the COP29 summit — dubbed the “finance ...6 days ago
- Survey warning on Papua ‘box ticking’ mega estates project goes unheeded
By Stephen Wright for Radio Free Asia Indonesia’s plan to convert over 2 million ha of conservation and indigenous lands into agriculture will cause long-term damage to the environment, create conflict and add to greenhouse gas emissions, according to a feasibility study document for the Papua region mega-project. The 96-page ...6 days ago
- Xi Jinping tells Luxon face-to-face that New Zealand should see China as a partner not a threat
Analysis - Consider China an 'opportunity and partner rather than a challenge or threat' - that was the message Xi Jinping delivered to Christopher Luxon at their face-to-face meeting, according to Chinese state-run media. ...6 days ago
- Countries clash over emissions cuts at COP29
A week of late nights, tense exchanges and dozens of pages of draft negotiating texts have failed to make significant progress on the big issues up for discussion at COP29.On key agenda items – finance, carbon trading and how to implement last year’s commitment to transition away from fossil fuels, ...6 days ago
- An Ode to .. Hana
Home alone“OK,” says Chris Luxon, CEO of Bottom Feed Enterprises.“I’m going out now to an important work event.Can I trust you to behave?”“Sure, Dad,” says Seymour. “I’m thirteen now.”“All right,” says Dad.“Call me if you need to – and remember,Whatever you do, don’t hit the Box with the Stick.”“Sure, Dad,” ...7 days ago
- Western media ‘parrots Israeli propaganda’ over Gaza, says analyst
Pacific Media Watch A media studies professor at Qatar’s Doha Institute for Graduate Studies has completed empirical studies examining Western media coverage of Israel’s war on Gaza — and his findings have been highly critical. Professor Mohamad Elmasry found that Western media have failed to do much more than “parrot ...7 days ago
- China plays for power as Luxon manages differences
China is not generally known for its understated approach to diplomacy, but even by its usual standards, the country’s presence at this year’s Apec summit has been unavoidable.Large groups of supporters bearing miniature flags and banners of support have taken up residence outside the hotel accommodating Chinese president Xi Jinping ...1 week ago
- Toitū te Tiriti hīkoi fits: Savage style for seasoned steezers
Māori don’t just hīkoi for change – we dress for it, too. One thing we don’t get enough credit for as Māori (aside a very long list of many other things) is our ability to dress for an occasion, be it a reunion, hui, tangi or hīkoi. You can trust ...1 week ago - Dog of the month: Georgie, who would like The Spinoff to rank peanut butters
Get to know Georgie, our latest Dog of the Month. This feature was offered as a reward during our What’s Eating Aotearoa PledgeMe campaign. Thank you to Georgie’s human, Peter, for his support. Dog name: Georgie Age: 2 years, 10 months Breed: An absolute mutt. We think some Staffy, some ...1 week ago
- The great lunch debate
Would you call fried chicken and chips at 10am ‘lunch’?“I try and keep as regular a schedule as I can, but that will translate a bit weirdly when I’m on shift work,” says reporter Finn Blackwell, who’s often found in RNZ’s breakroom well before noon, feasting on anything from a ...1 week ago
- The Secret Diary of .. Sheriff Seymour
Monday Sheriff Seymour rode his white horse through the beautiful tree-lined streets of the wealthiest suburb in Dodge, and arrived at the mansion of one of the richest men in the whole state.He rang the doorbell. A servant led him to an oak-panelled room, and gestured for him to sit.He ...1 week ago
- Crown apology: Three voices from NZ’s shameful recent past
Abuse survivor: It is time to deliver, Prime MinisterKeith Wiffin says the Government needs to commit to concrete timelines for redressWe’ve heard those words from the state before, and they are meaningless because they have not resulted in change or progress.We are called survivors, but firstly I would like to ...1 week ago
- Of Treaties, Cabbages and Kings
During his speech to introduce the Treaty Principles Bill, David Seymour made a number of statements that are either disingenuous or ignorant. Early in his speech, he asked: ‘Where in the world is it a good idea to give different rights based on ancestry? Where in the world has that approach ...1 week ago
- The case for COPs (even this one)
Every day this week, COP29 has managed to spark international headlines for all the wrong reasons.First, the eight hour agenda fight over what, actually, diplomats will spend time negotiating this year.Then on Tuesday the President of Azerbaijan, which is hosting COP29 in the capital Baku, called oil and gas a ...1 week ago
- The Weekend: In defence of Auckland’s ‘incredibly’ expensive Christmas tree
Anna Rawhiti-Connell reflects on the week that was. This week I hosted The Spinoff’s Year In Review live event In Wellington. Everything went remarkably well, and you can attend the same (but maybe more refined) event in Auckland on December 11. The welcoming crowd in Wellington even wanted more of ...1 week ago
- ‘Really worried’: What Now’s Chris Kirk on smuggling gunge out of New Zealand
The What Now and Brain Busters presenter takes us on a trip down TV memory lane. Growing up, Chris Kirk was a huge fan of What Now. Every Sunday morning, he would wake up early to watch Carolyn Taylor and Jason Fa’afoi entertain the nation, delighting in every chaotic, gunge-filled ...1 week ago
- The case of the cursed bread: An excerpt from Una Cruickshank’s The Chthonic Cycle
The Chthonic Cycle by Una Cruickshank is a compelling series of essays that explore a wide range of fascinating and unexpected subjects. This excerpt, from an essay called ‘Les Tigres’, tells the story of a massed hallucination event in 1951, France. On a hot August day in 1951, 280 people ...1 week ago
- The slowest city in the world is on the brink of change
New Zealander Tasha Black relays what it’s like in post-revolution Bangladesh from an eight-hour traffic jam in Dhaka. It’s Friday night on the outskirts of Dhaka, Bangladesh, and the traffic is stuck. Trucks, auto-rickshaws, private cars, buses, all stuck. A stationary ambulance futilely spins its red and blue lights. It’s ...1 week ago
- The Nobel Prize in Not Beating Up Your Kids
On the most extraordinary human achievements you’ll never, ever notice, and possibly shouldn’t celebrate. The Spinoff Essay showcases the best essayists in Aotearoa, on topics big and small. Made possible by the generous support of our members. We’re all in therapy these days, everyone in the Veja-heeled milieu I find myself ...1 week ago
- ‘Theatrical, chaotic and romantic’: Heidi Simpson’s perfect weekend playlist
Indie-pop darling Heidi Simpson shares her perfect weekend playlist. Heidi Simpson is a singer, tune maker, pop music believer and certified cool girl. The Tāmaki Makaurau native typically muses on Saturday nights and the emptiness between waiting for something to happen, but her recently released single ‘Best Kept Secret’ is ...1 week ago
- The Kiwi world champions you’ve heard too little about
The Paddle Ferns are back on top of the world after winning the Canoe Polo World Championships for the second time in eight years.It’s a growing sport that combines kayaking and ball-handling skills in a contact team game, played either indoors or out, with five players a sideSeventeen countries competed ...1 week ago
- Short story: I’ll ask my sister, by Marilyn Duckworth
A chatter of small brown birds rose up from the crippled tree at the street’s end. Muttering. She was reminded of the local Council who were still grumpily debating problems, including those of street verges. Some home owners had been taking it upon themselves to make cheeky personal use of ...1 week ago
- Apec’s ‘elephant in the room’
As business leaders and politicians discussed the major economic issues facing the world at Apec’s annual CEO Summit, there was an unignorable “elephant in the room”, as one moderator put it.Donald Trump’s name was rarely mentioned by the speakers, yet the potential impact of his second term in power was ...1 week ago
- Censorship Is Alive And Well In New Zealand
“What this looks like to us is censorship of anyone who tries to disagree with this Government, which causes a chilling effect” says Cooper Legal Senior Associate, Lydia Oosterhoff. ...1 week ago - Raw Politics: MPs face-off over the Great Divide
Parliament saw two historic days this week, one of great solemnity and unity, the other a raucous and high-stakes stand-off between political foes over the Treaty of Waitangi.Raw Politics looks first at the volatile reception for Act’s Treaty Principles Bill at its first reading, how parties performed to their voting ...1 week ago
- In Cold Water is a must-see for true crime fans
A new documentary series tells the story of a former Napier councillor accused of murder in Canada. This is an excerpt from our weekly pop culture newsletter Rec Room. Sign up here. In 2010, New Zealander Peter Beckett was on holiday in Canada’s Rocky Mountains, enjoying a relaxing afternoon fishing on ...1 week ago
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- The Unity Books bestseller chart for the week ending November 15
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- The rebuilding of Fazerdaze
Following the release of her sophomore album Soft Power, Amelia Murray (Fazerdaze) tells Alex Casey about heading south and rediscovering herself. Fazerdaze is back in Morningside, but everything has changed. “It’s so strange to be back, ” she says softly, gesturing out of The Spinoff’s office window at the drizzly ...1 week ago
- Where does kai come from? Learning in the māra
Lucinda Bennet reflects on appreciating vegetables and learning through doing. This is an excerpt from our food newsletter, The Boil Up. When you pull a carrot from the ground, there’s a certain sound it makes, a kind of “pop” as the tip detaches from the root cap. It’s something you can ...1 week ago
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As part of our series exploring how New Zealanders live and our relationship with money, a 42-year-old lawyer shares how he and his family approach their finances. Want to be part of The Cost of Being? Fill out the questionnaire here. Gender: Male. Age: 42. Ethnicity: Pākehā. Role: Lawyer with two ...1 week ago
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