tax

Categories under tax

Taxpayers Union is relaxed about Multinationals not paying tax

Written By: - Date published: 1:45 pm, March 18th, 2016 - 150 comments

The Taxpayers Union has chosen not to criticise multinational corporation tax avoidance even though it increases the tax obligations of New Zealanders.

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

new-taxes

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?