Hipkins’ tax gamble

Written By: - Date published: 6:25 pm, July 12th, 2023 - 92 comments
Categories: chris hipkins, Economy, greens, labour, maori party, political parties, politicans, tax - Tags:

Tax policy is in the news again.

All eyes are on the Labour Party and there is a lot of discussion on what it will do next year if it regains power.

The party’s policy platform, decided on through a rigorous process of vetting and endorsement is reasonably clear.  It says this about tax:

Labour is committed to a fair, progressive, and transparent taxation system that promotes social equity, sustainability, and long-term economic growth.

And also this:

Labour will continue to use and improve the income tax system as a vital tool to provide all New Zealanders with adequate resources, and to reduce income inequality. Labour supports a tax system that promotes an economy based on productive enterprise rather than speculation, that ensures greater fairness and looks closely at targeting untaxed wealth in the wider economy.

And also this:

Being a parent is an expensive business. We will use tax and benefit systems to support families facing the costs of raising children.

Those general statements heavily point the introduction of a capital gains tax or wealth tax, or so you would think.

And there has been quite a bit of work in the background on how unfair the tax system is and what can be done about it.

The basic problem is that over the past 40 years the wealthy have done very well in Aotearoa New Zealand and elsewhere.  And this a problem that is now attacking the foundations of our society.  There is plenty of wealth to share around.  But it is being hoarded by the few to the detriment of the many.

Labour Minister David Parker realises this.  He had IRD conduct a deep dive into the extent of the problem and produced a report that had some jaw dropping conclusions.

From the Beehive website:

Inland Revenue research released today reveals a large differential between the tax rates ordinary New Zealanders pay on their full income compared with the super-wealthy, Revenue Minister David Parker says.

“This internationally ground-breaking research provides hard data showing that the wealthiest New Zealanders pay tax at much less than half the rate of other Kiwis,” David Parker said.

“The data, based on full income information from 311 of our wealthiest citizens, shows that the average person in this group pays an effective tax rate of just 8.9% tax on their economic income – that is, income from all sources, including capital gains on investments.

“In contrast, most New Zealanders pay tax at more than twice that rate. For example, someone earning a salary of $80,000, with no other income, pays 22% tax on that income, excluding GST.

“The difference is mainly because the very wealthy earn only a small portion of their income from wages and salaries, unlike most New Zealanders.

“The differential is even larger when GST is included: for the wealthiest, their effective tax rate rises to 9.5%, but for the person on an $80,000 salary, it goes up to around 28 or 29%. That is because wealthy New Zealanders spend a much smaller portion of their income each year, compared with other earners.”

The High Wealth Individuals Research Project is internationally significant because it uses real data, unlike other overseas studies which draw on surveys or scenarios, David Parker says.

“In 2020, the Government changed the law to enable IRD to require high-wealth individuals to provide their earnings data, in order to do this work,” David Parker says.

“To be clear, this work is not about chasing tax avoiders, nor is it about attacking the rich. Wealthy New Zealanders are usually hard-working and creative people who comply with current rules. They have assisted IRD with this inquiry, and I am grateful for that.

“The excellent work in this survey will enable future discussions on tax policy to be based on solid evidence. Later this year, we intend to introduce a Tax Principles Bill to ensure that information like this continues to be transparently collected and reported on.”

Today’s IRD report release is accompanied by a new Treasury report setting out effective average tax rates across the population. It uses scenarios to show that effective tax rates paid by middle New Zealanders (including GST) are between 6.8 and 10.8 percentage points higher than for the wealthiest people.

When I wrote about the report a few months ago I said that the question is what the Government will do with the report.  Jacinda Ardern had ruled out a Capital Gains Tax while she was Prime Minister.  To the best of my knowledge Chris Hipkins has not announced his position although given his Blairite approach to politics I do not anticipate anything radical.

Well today we learned what Hipkins will do with the report.

From Stuff:

Labour will not propose a wealth tax or a capital gains tax at the election, Labour leader Chris Hipkins said on Wednesday.

“I’m confirming today that under a Government I lead there will be no wealth or capital gains tax after the election. End of story.”

He said “now is simply not the time for a big shake-up of our tax system”.

I am not so sure it is the end of the story.  As pointed out by Grant Robertson the Labour Party has an election manifesto process requires a degree of agreement between caucus and the party council.

We’re at the very sharp end of that process now.”

Time will tell if Hipkins’ statement was well sourced or premature.

The Greens and Te Pāti Māori must be grinning from ear to ear.  There must be more than a few lefties thinking about throwing their support behind either or both of these parties.

Maybe this is a great example of five dimensional chess.  Maybe Labour will eat into National’s support while ceding support on the left to the Greens and Te Pāti Māori.   Maybe the left’s vote will grow.

But if this happens if the left wins then their hands in terms of any negotiation will be strengthened.

All eyes will be on the next poll.  And results will be interpreted either as an elegant example of five dimensional chess.  Or the sort of political triangulation that saps the energy and passion out of progressive activists.

92 comments on “Hipkins’ tax gamble ”

  1. Patricia Bremner 1

    Well these last two polls point to a mistake. I am one of those looking Left.

  2. Dennis Frank 2

    Anyone forgotten about Willie & JT? Them radio guys. Now one's a Labour Minister running a Maori caucus within, the other is running TMP outside parliament, but a former Labour Minister as well.

    So 3 guesses, these two are still in cahoots, so what will they see as the best move for all Maori. Join TMP or fight each other is two guesses. Do a deal with Winston could be the third. Depends what the Maori king's leverage is too. Depends also on the extent of perception of betrayal around 3 Waters…

    • Belladonna 2.1

      I'd say the possibility of doing at deal with Winston would be highly unlikely.
      They have nothing in common…

      The big question is whether Meka Whaitiri was the first pebble in the landslide of the Maori seats to TPM.
      Several labour Maori MPs (e.g. Mahuta) have ruled any shift out, categorically.

      Maori king is Tainui (Mahuta’s seat) – and that’s the extent of his direct influence. You might as well ask what the perspective of Ngai Tahu is – they are much stronger and better organized in the South Island.

      • Dennis Frank 2.1.1

        Maori king is Tainui (Mahuta’s seat) – and that’s the extent of his direct influence.

        Months ago (perhaps last year) I expressed a similar view to the only Maori I know (almost my age) and he immediately rattled off a list of all the Maori tribes he knew were onboard with the Maori king politically. This man is a Labour voter, staunch.

        • Belladonna 2.1.1.1

          Don't think Ngai Tahu or Tuhoe or the Awa tribes from Taranaki were among them….Not 'our' King…..
          That’s not to say their politics din;t run in parallel – but the Maori King espousing them won’t be a significant factor.

          • Dennis Frank 2.1.1.1.1

            So how do you rate Labour's handling of co-governance as a causal factor for Maori? And then add to that the likelihood of Maori having no faith in the economic benefits of Grant's neolib budgeting. I mean, those seem likely causal factors behind the rise of the TMP poll rating in the three recent polls.

  3. Johnr 3

    Gees! I think I'll go to bed and put my head under the pillow.

  4. Corey 4

    I actually got dm'd by a few relatively unpolitical, middle class gen z and fellow millennial friends the moment he said "end of story"

    There were various "who do I vote for " or "why vote for Greens or the Maori party or Top for xyz when Labours ruled out doing xyz"

    Young people are pretty pissed off at Labour and Hipkins, my fear is by ruling out policies young people want, young people won't just not vote Labour, they won't vote at all because they won't see a point if he's ruled out the policies they want.

    I hate these captain calls. They are undemocratic, short sighted and low imagination.

    A cgt is not radical. The fact Hipkins considers it radically left tells you everything you need to know about Hipkins.

    And fancy basically ruling out any tax reform when every other party has major tax reform policies and the majority of the public want it.

    It's time for Hipkins to put up or shut up. Stop telling us what you rule out and start telling us what you rule in.

    Enough of the boy from the Hutt and sausage rolls bullshit, there's only a couple weeks left of this parliament.

    Labours manifesto better not just be words of intent, vibes, best wishes and statements, it better be in depth, articulate, analysis of costed policy's not bullshit like "we believe every kiwi deserves the chance to succeed"

    Vibes and good intentions aren't enough

  5. Ad 5

    I would prefer to see Hipkins campaign on his actual tax reforms, which are actually pretty major:

    – The Bright Line Tax of 10 years on sales of houses other than the family home is as good as a capital gains tax as we are ever going to get here.

    – Big writeoffs on housing as an investment killed off

    – Income tax increase to 39% for income over $180,000

    – Big if impermanent decreases to fuel tax

    – 44% of greenhouse gases subject to carbon prices

    – Trustee tax rate of 33% increased to 39%, bringing it in line with high earners

    So Hipkins, go tell the people what you have done on tax and be proud of it.

    Also anyone who thinks there will be streams of Labour voters pulling away to the Greens because they are begging to be taxed hundreds of thousands on wealth, I'd say very unlikely.

    • SPC 5.1

      Also anyone who thinks there will be streams of Labour voters pulling away to the Greens because they are begging to be taxed hundreds of thousands on wealth, I'd say very unlikely.

      Less than 1% of New Zealanders would be impacted by a wealth tax and how many of those are Labour voters?

      Whereas the zero tax below $10,000 and the Greens income policy …

      Labour still has room on company tax – by looking at a progressive tax based on profits (as per 33-39 on banks) as the US does.

      • alwyn 5.1.1

        " by looking at a progressive tax based on profits (as per 33-39 on banks) as the US does".

        Can you please provide a link to this statement. It is not something I have heard of

        • SPC 5.1.1.1

          The House version of the budget reconciliation bill includes a provision to raise the corporate income tax rate from 21 percent to 26.5 percent and reintroduce a progressive rate schedule. Under the proposal, the amount of corporate income tax imposed would be 18 percent of taxable income under $400,000, 21 percent of taxable income between $400,000 and $5 million, and 26.5 percent of taxable income above $5 million. This proposal allows lawmakers to argue that they are reintroducing progressivity into the corporate income tax, only a few years after the Tax Cuts and Jobs Act eliminated it.

          https://www.aei.org/economics/a-progressive-corporate-income-tax-doesnt-make-a-lot-of-sense/

          You'll note the case made against it in the article – we however have our dividend imputation system.

          And besides a lot of our company profits (banks) just flow offshore if not taxed.

    • adam 5.2

      Also anyone who thinks there will be streams of Labour voters pulling away to the Greens because they are begging to be taxed hundreds of thousands on wealth, I'd say very unlikely.

      I agree, a lot of people will vote for the shit lite party as the see it's worlds better than the shit party. If your a true conservative who else can you vote for? Te Pāti Māori party is to scary, the greens are toooo progressive. act are wreckers, and the shit party can't get it's head around basic statistics, let alone demographics, nor a rain radar. Lets not forget donkey snuffed all the conservative’s out of the shit party

      A lot of people they may not like the shit lite party, but for them, the other choices are worse.

    • Hunter Thompson II 5.3

      As you noted, under existing law we have a de facto capital gains tax already.

      It's not just the bright-line tests. There are other rules, especially for land, that catch dealer, developers and builders. They have been part of the Income Tax Act for many years.

      No doubt the PM thinks his announcement can bring in some votes.

    • Mike Nolan 5.4

      I'll be voting Greens this year if Labour can't take a decent tax policy to the electorate, after 5 elections campaigning for Labour in an unforgivable electorate. If six years of government including an MMP majority only brings a few modest incremental wins, then what's the point?

    • newsense 5.5

      Can’t say :this is what we’re guna do. Must say: non frightening, don’t be scared various roading lobbies and farmers.

    • Shanreagh 5.6

      I agree with all this Ad.

      Also anyone who thinks there will be streams of Labour voters pulling away to the Greens because they are begging to be taxed hundreds of thousands on wealth, I'd say very unlikely.

      I also think, as I said below, that Labour internal polling has probably told them/reinforced to them that The Greens wealth tax idea is a big turnoff to voting for Labour if it needs The Greens to help.

  6. Charlotte Rust 6

    Done with Labour, two ticks Green Party. A cgt, land tax, wealth tax whatever way it’s spun is a bottom line with me, it’s time the left properly addressed housing un-affordability and equity/equality. Ardern pissed me off by ruling it out and now Hipkins is playing the same populist card. The cost of living crisis does not affect the truly wealthy and it’s not going away for the rest of us – resources are getting more expensive and no govt/change of govt can magically think that away.

  7. adam 7

    Labour has no choice but to say this.

    That's why they are called shit lite .

    If you want labour to have a spine, then want them to shift on this you should give your party vote to Te Pāti Māori

  8. Alan 8

    The confused will not vote, this could be one of our lowest turnouts yet.

    • newsense 8.1

      The danger is not only not voting, but in turning away what might be Labour’s only advantage- a good volunteer ground game.

      Heard today all kinds of things that people believe Labour have or haven’t done- do people associate the prescription changes with them? How about early childhood education increases?

      How can these and other policies be cemented in people’s minds? Because at the moment Labour is allowing National to define it.

  9. Alan 9

    The hard left in Labour will go to the Greens or TPM.

    The right of Labour and uncommitted middle ground voters will vote National, because they know that a vote for Labour is potentially a vote for the coalition of chaos – and given the hugely disparate views on the left, as displayed here today, it can fairly be described as a coalition of chaos.

    • SPC 9.1

      The uncommitted centre might say they do not like how things are going, or the prospect of ACT in NACT.

    • bwaghorn 9.2

      Coalition of caos?? Very catchy didya thunk it up all by yerself??

    • Ad 9.3

      The hard left are already in the Greens. nothing to worry about.

    • Incognito 9.4

      You have come out as Lefty; have you told your parents yet?

      You are implying that the TS commentariat is made up of Lefties and that it is representative of the Left in NZ.

      Do you see a lot of strawmen in your dreams? Or only hairy little creatures?

    • Patricia Bremner 9.5

      There is more common ground in Labour Greens and Te Parti Maori, than in Act and National. Seymore wants to be DP with all the baubles, he will have to climb over Willis first.

  10. bwaghorn 10

    In a wealth tax, do owners of share ,land ,or gold get a tax refund if prices crash??

    • Shanreagh 10.1

      Off course not its a paper book value exercise done in accordance with the politics of envy. If that happens the thresh-hold will be lowered to catch the new values of what constitutes wealthy.

      /s

      • weka 10.1.1

        you just made that up. It's in direct contradiction to GP concepts of fairness and the kaupapa of the policy which is to tax excess wealth.

        It might be something neliberal parties do, but since you are supporting neoliberal positions it's hard to see why you would be critical of that.

        My understanding is that high wealth will be taxed annually based on the assessed worth at the time. If housing prices drop in the following year then a bunch of people will no longer have to pay the tax.

        If house prices crash, or even decline over a number of years, then a whole raft of economics would have to be reviewed. We'd be better off having GP policies in place at that point, neolib policies will use austerity.

        • Shanreagh 10.1.1.1

          My comment had a S tag on it.

          I worked through and was affected, to the extent of losing my job and more or less my future in roles I had wanted to follow, by the very worst of the neo-lib excesses visited on NZ by the Nat/labour neo-libs.

          So i am not a neo-lib.

          But feel free to throw that insult around if you cannot/do not want to examine/critique anything I say for any merit.

          I've never really understood though why we have to insult anyone who does not toe the party line……

          • weka 10.1.1.1.1

            it's not throwing an insult at you, it's a summation of the arguments you've been making about a wealth tax in the past month.

            I saw the sarc tag but it didn't make sense. Do you mean you don't think the threshold would be lowered in response to economic down turns?

            • Shanreagh 10.1.1.1.1.1

              Well I'm not a neo-lib. I don't advance neo lib arguments and I think I would know as I sat through 4-5 years of ministerial briefings/drafted cabinet papers/commented on cabinet papers and CE briefings on this to be able to probably go on Mastermind with ‘neo-lib as manifested in the structures of the NZ Govt’ as my specialist topic.

              I have been on here asking why with this large majority we had Labour did not undo any/many of the neo-lib stuff including ownership of power companies.

              If anything my views are little 'l' liberal. I see a place for govt in the lives of people, I see the ability to work to fund oneself as a public and private good, i think artists are important people,…we cannot learn about what NZers wnat by looking overseas I believe in co-governance….

              But I don't call myself anything.

              My views are a hodgepodge based a little on the ideas of 'there but for the grace of god go I, playing it forward.

              So please don't put me or my views in a little box and label it so you can conveniently not address them.

              It is fine for you to say 'I don't agree' and if you can be bothered explain why…you don't have to call them a name.

              • Shanreagh

                The theoretical background to the work carried out by nats/Labour in the late 1980s and 1990s came from the Chicago School of Economics

                'Chicago School is a neoclassical economic school of thought that originated at the University of Chicago in the 1930s. The main tenets of the Chicago School are that free markets best allocate resources in an economy and that minimal, or even no, government intervention is best for economic prosperity.'

                and

                Also beneficial to an economy, according to the Chicago School, is the reduction or elimination of regulations on business. George Stigler, another Nobel Laureate, developed theories regarding the impact of government regulation on businesses. Chicago School is libertarian and laissez-faire at its core, rejecting Keynesian notions of governments managing aggregate economic demand to promote growth.

                https://www.investopedia.com/terms/c/chicago_school.asp#:~:text=Chicago%20School%20is%20a%20neoclassical,is%20best%20for%20economic%20prosperity.

                The main proponents were Prebble, Douglas, Caygill and Richardson. I don't think they called themselves Neo-libs at the time.

                This ideology postulates that the reduction of state interventions in economic and social activities and the deregulation of labor and financial markets, as well as of commerce and investments, have liberated the enormous potential of capitalism to create an unprecedented era of social well-being in the world's …

                These two definitions are so far from what I believe in. I lost my job as did many other diligent PS as part of the pursuit of this idealogy so I am hardly likely to support it. I had made a conscious decsion to join the PS when I left university as it was the only place I could see that that did not foster the excesses of male domination in salaries and opportunities.

              • weka

                I didn't say you were a neolib, and this is another example of you not listening to what people are saying.

                I said you are supporting neoliberal positions. That's not an insult, it's an analysis of politics.

                My views are a hodgepodge based a little on the ideas of 'there but for the grace of god go I, playing it forward.

                This is how it comes across to me too, but that's not incompatible with what I am describing. For instance there are lots of Labour voters who want other people to be ok but still support some of Labour's neoliberal positions

                For weeks you have been arguing against the GP wealth tax. From what I can tell, you think it's bad policy in part because you believe that people who bought a house at a time when property prices were still relatively low, have been able to pay off a moderate mortgage because of that, and who have now accrued very large capital gains thanks to the property market, should be allowed to keep those capital gains and not pay tax on them.

                You do qualify that by saying that instead of paying tax as it accrues, there could be death and sales taxes instead. The GP policy allows for this option but you have consistently failed to explain why this is not acceptable but a death/sales tax is.

                I don't think it's unreasonable to conclude from that that you want to protect housing market accred assets (separate from paying off a mortgage) for those that have them.

                The property market, including the accrual of capital gains from continual growth operates as "free markets best allocate resources in an economy and that minimal, or even no, government intervention is best for economic prosperity"

                (quote from your comment below).

                It's blatantly obvious at this point in time that free market housing has created a massive poverty problem in NZ, the oppose of economic prosperity.

                You are literally arguing against a set of policies that would enable government intervene in the market. You still haven't explained why, you just keep coming back with things like 'the family home should be excluded'. The only way that makes sense in the context of the GP policy is if you want to retain the excess capital gains on very expensive houses, at the expense of people living in poverty. That’s a neoliberal position.

                So yes, I see you as definitely supporting neoliberal positions. Imo the housing crisis exists at this point because Labour voters who would otherwise want to end poverty won't vote for ending poverty in a meaningful sense because so many of them own houses with large capital gains. It's not the only factor, but it's definitely a sticking point.

                • Shanreagh

                  So yes, I see you as definitely supporting neoliberal positions. Imo the housing crisis exists at this point because Labour voters who would otherwise want to end poverty won't vote for ending poverty in a meaningful sense because so many of them own houses with large capital gains. It's not the only factor, but it's definitely a sticking point.

                  Though perhaps rather than snideness, which is unbecoming, many also feel that the Greens Policy would not ended poverty in a meaningful way.

                  I know that had the Greens wealth policy not caught the family home then I would have supported it.

                  Had the rates worked off the policy work from Treasury of catching those with assets over $5m and excluding the family home, many more would have supported it.

                  I have mentioned several times that home ownership of just one home the home to live in, is something the majority of NZers aspire to. It is something that NZ Govts have supported since the breaking up of the great estates in the 1890s.

                  Many people do not class as wealth, owning the home you live in. People have to live somewhere. But do we need more than one? No we don't and that was a fruitful and non threatening way of taxing that the Treasury work was honing in on.

                  More's the pity that the furore/concern picked up on by internal Labour polling has put the excellent work done by The Treasury out of contention too.

                  In this extract from

                  https://www.stuff.co.nz/business/money/300927549/wealth-tax-would-create-compliance-headaches-little-gain

                  this point has also been made…..that including the family home comes slap bang up again govt moves to 'encourage investment in owner-occupied housing' while also having the superficial attraction as it means a policy to exclude them does not have to be written.

                  Tax consultant Terry Baucher said any wealth tax that did not include a family home was not realistic.

                  “Excluding the family home is excluding one of the assets that is most easily valued. It’s also excluding something that the system has for decades been encouraging – investment in owner-occupied housing.”

                  • weka

                    Though perhaps rather than snideness, which is unbecoming, many also feel that the Greens Policy would not ended poverty in a meaningful way.

                    Sorry, who are you saying is being snide? The Greens or me?

                    There was nothing snide in my comment. It's a political analysis, that for some reason you seem to be taking personally.

                    I know that had the Greens wealth policy not caught the family home then I would have supported it.

                    Had the rates worked off the policy work from Treasury of catching those with assets over $5m and excluding the family home, many more would have supported it.

                    Sure, but that Labour policy wasn't about lifting everyone out of poverty. I'm glad we have this clear though, you are advocating against a policy that would lift everyone out of poverty and advocating for a policy that would keep a big chunk of people in poverty. This is why I say you are supporting a neoliberal position.

                    Which btw, I explained in depth and you have just ignored after objecting to the characterisation.

                    I have mentioned several times that home ownership of just one home the home to live in, is something the majority of NZers aspire to. It is something that NZ Govts have supported since the breaking up of the great estates in the 1890s.

                    Yes, do you been saying that. You are also ignoring that capital gains from the housing market means that many people live in poverty. That's a political choice. It's relatively recent (say 30 years), and it can be reversed but you are arguing against that.

                    Many people do not class as wealth, owning the home you live in.

                    Indeed, and the GP policy also does not class owning a home you live in as wealth. It's only the individuals who have assets in the clear above $2m, or couples above $4m, which is a very very small number of NZers.

                    Incog gave some scenarios here so it's easy to see how this works

                    .https://thestandard.org.nz/the-very-strange-election-campaign/#comment-1958751

                    Your characterisation of the family home as inherently impacted negatively by the WT, is highly misleading. The greater majority of homeowners in NZ won't be affected unless they have a lot of other assets.

        • alwyn 10.1.1.2

          "the assessed worth at the time. If housing prices drop in the following year then a bunch of people will no longer have to pay the tax."

          How do they propose to assess the worth Weka? You can do it for publicly traded shares perhaps but trying to settle on the worth of a small company is almost impossible. Try and assess the value of a panel beating business with 10 employees say.

          Even houses are hard to do. There is CV, on which rates are assessed but in Wellington the CV is typically about 20-25 percent more than the selling price of houses. Try and get the council to changer the rating rules though? Impossible.

          For houses that are not sold in a particular year how do you set the taxable value?

          • SPC 10.1.1.2.1

            Just go to Quotable Value and give your address and they will give you their current valuation for your property.

            For a company. It’s assets, less its debts. The variable is goodwill (reputation – connections to business associates and customers).

            As per rates, change in property values up or down, is irrelevant (the only exception is a revaluation upward relative to other property, which only occurs with changes in zoning/development rules).

            • Belladonna 10.1.1.2.1.1

              QV valuations are a very ballpark estimate – carried out entirely from the comfort of their ergonomic chairs.
              Which is why they are regularly challenged for rating purposes (9K of them in Auckland last year)

              https://www.stuff.co.nz/national/politics/local-government/300832986/redstickered-homes-add-to-pile-of-9000-rates-valuation-complaints-in-auckland

              When I had a business valued around 10 years ago – the valuer straight-up asked me if I wanted the high value or the low value – there was several hundred thousand $$$ between the two….

            • alwyn 10.1.1.2.1.2

              Of course QV will give you a figure. However, as I pointed out, it is nothing like the current market value. Are the wealth taxes going to be based on QV? If so what on earth does that have to do with some-one's real wealth?

              As for that figure of assets less debts. It is simply nothing to do with the price a business might sell for, and therefore what it might be worth as part of your wealth.

              • SPC

                You mentioned CV, which is adjusted only every 3 years. QV is adjusted regularly. And thus is much closer to market value (is based on the latest sales in the area).

                The assessment of business goodwill and thus a total value can be determined by a valuer.

                Of course, if you want to argue a preference for a CGT based on sale price, go for it. If not, do you want an estate tax and gift duties?

                • Shanreagh

                  Death duties, tax on empty houses and a modest financial transaction tax if needed and shown to be needed, after the income tax rates are adjusted.

                  If the income tax rates etc are adjusted we may not need to have any sort of additional taxes, we haven't tried that option yet.

                • alwyn

                  The problem I can see is that there are a number of these estimating tools. For example OneRoof claims to do the same thing. Their numbers differ pretty widely from the QV ones. I looked at a couple of properties on both sites They were $950k and $1,130k on QV and $1095K and $1,325 on One Roof. What should we use to set the wealth value?

                  Even then of course I was only looking at houses of which many are sold. How would you value a small business, which is the foundation of many wealthy peoples assets?

  11. Christopher Randal 11

    The way I see it is that National have gone full on dirty politics with all Simeon's bleating about Labour Minister's conflicts of interest, but nobody on the left are hitting back with questions about the Uffindell report and other National MPs who have proved embarrassing.

  12. Sanctuary 12

    If the Greens want a wealth tax then they need to be polling at 18%, not 8%. Go away and campaign hard and if the Greens get 20 seats next parliament then they can go back and ask the nice Mr. Hipkins about this again…

  13. UncookedSelachimorpha 13

    No point voting for Labour at all, Green or TPM are the only parties that will change anything it seems. NAct awful, Labour just slightly less.

    Labour embraces Shit Lite as its core values.

  14. A bit of a panic today. I wish Chippy had never said it, but he has kneecapped a National hitline for the election. Nicola Willis been crowing saying it proves "Labour was secretly plotting a CGT and Wealth Tax." I wish we lived in a society where we could be having a grown up conversation about increasing tax – but we have seen how any changes are seen as a tax. and there have been few under Labour. Remember Taxcinda? Ute tax? The poor landlords? As for the Greens saying today they could sit on the cross benches – well how futile would that be? I hate elections and particularly this competition of the pure vs the unclean on the Left.

    • Mike Nolan 14.1

      It's not the pure vs the pragmatic. It's the progressives vs the administrators. If 6 years of power including MMPs first majority government only results in incremental and modest wins, what is the point? We can't underestimate the impact of COVID, but bloody hell, extraordinary times called for at least something extraordinary in response. Yet our health and education systems are still going backwards, poverty and intergenerational dysfunction is still rampant, meth use is worse than ever, and from personal experience as a foster carer, OT/CFYF has never ever been so dysfunctional. Six years in, some great little wins along the way, one massive win in terms of our COVID response, and yet we all feel poorer, worse for wear and let down.

      • Shanreagh 14.1.1

        Yes I agree with all of that…..grumpy and worried. Some of us beset by climate change woes as well.

        I don't believe that the Greens wealth tax would have been the salve we needed.

        By failing to work on the death duties angle we have not looked at intergenerational wealth transfer. My view is that we quite like intergenerational wealth transfer if it happens in a modest way for ourslves but not for the so-called wealthy buxxxrs over there. ‘We can’t support that’

        • SPC 14.1.1.1

          By failing to work on the death duties angle we have not looked at intergenerational wealth transfer. My view is that we quite like intergenerational wealth transfer if it happens in a modest way for ourslves but not for the so-called wealthy buxxxrs over there. ‘We can’t support that’

          So you oppose an exemption from death duties, or see it as something popular and easy to restore (we last had one in 1992)?

          Most that have death duties (2/3 in the OECD) have an exemption level and most do not meet the threshold. The tax on the top 10-20% being popular.

    • Anne 14.2

      I wish Chippy had never said it, but he has kneecapped a National hitline for the election.

      And that is precisely why he said it. Thanks for pointing it out Darien.

      How many recent conversations have people witnessed where less than well informed middle of the road voters have expressed their intention NOT to vote Labour because they are going to bring in a CGT. I've witnessed a few.

      These are the swingers who, in their ignorance, listen and read the likes of Hosking. HdPA and the rest of the ZB type tabloid tragics. They swing election results one way or another.

      Hipkins is a pragmatic politician as indeed was Helen Clark before him. He knows how far he can go before the voter axe will drop.

      As SPC says @ 5.1:

      Labour still has room on company tax – by looking at a progressive tax based on profits (as per 33-39 on banks) as the US does.

      And that kind of thing is what Labour will look seriously at doing.

      • Shanreagh 14.2.1

        Also good points Anne.

        Hipkins being a pragmatist will have left room to move …..

    • Shanreagh 14.3

      Good points Darien.

      Hipkins is ever the pragmatist.

      I wish we lived in a society where we could be having a grown up conversation about increasing tax

      I agree with this and be able to look at all forms of tax in the discussion.

  15. Tiger Mountain 15

    To paraphrase Bernard Hickey on RNZ this morning–“the middle is hostage to a decision made in the late 80s, when a proposed CGT was not implemented”
    https://thespinoff.co.nz/politics/08-12-2020/capital-gains-tax-has-been-ruled-out-again-so-what-are-the-governments-options

    Which means anticipated untaxed gains from property is what many people have focused on for three decades now. They are not financial geniuses just recipients of the proceeds of a “one way bet”. It is treacherous territory for Parliamentary politicians, who are mostly into property themselves. Yet the recent IRD investigation into tax inequity has produced up to 53% support for a wealth tax of some sort.

    I hope Micky’s scenario plays out, where Greens and TPM have a strong MMP bargaining position, but yet another wimpish “Captain’s call” from NZ Labour just puts off the day when the 50% of NZers doing it very hard will get a tax free threshold and more consideration. Jeez, when even Robbo is supporting some form of wealth tax/CGT what is Mr Chipkins problem? Monetarist zeal is one ugly manifestation of ideology, the NZ Labour leader is supporting “the few, over the many”.

  16. Mike the Lefty 16

    I'm sorry to have to say this but this Labour government has been a huge disappointment to me. In 2020 Labour won an unprecedented majority of total votes riding the wave of support earned by Jacinda's skilful handling of the Christchurch terror attacks and COVID epidemic. For the first time since the introduction of MMP, Labour could do what it liked without reference to any other party. Transformation of New Zealand's weak economy and fragmented society was just begging to be done.

    But Labour blew it.

    They decided not to do what was needed, instead they insisted that "kindness" was the way forward. I have no trouble with people being kind, but kindness in government is much different from kindness in individuals.

    The net result of this was some tinkering , some meaningless reorganisation of government departments, a few of the worst anomalies fixed, some good trade deals, some clumsy attempts to deal with climate change but for the most it could have well have been mistaken for John Key's National party government the economic policies were so similar.

    You have the means, people are calling for change and yet you are too afraid to move? Can anyone imagine that the National Party wouldn't have moved us back to the 1980s and 90s if they had had the same opportunity?

    Public opinion has changed over the last few years regarding taxation. I remember when Jacinda was publicly forced to promise on her political career that there would be no CGT on her watch, I think it was the 2017 election, to avert a last minute swing to National on poll day. Today there is much more support for such a tax but Labour, obsessed with staying in power at all costs, will not risk anything.

    The only real difference between Labour and National economically is that National say they will spend less, which is National's usual ploy of looking like they have a plan when they actually haven't.

    No, this government has been a disappointment, they had the means and a degree of public support to reform the economy – reclaim it from the speculators and wealth hoarders – but in the end chickened out.

    Sad.

    • Tiger Mountain 16.1

      Yep, a once in a generation lost opportunity. AO/NZ a long narrow country, which Chile has often been described as, but who would have thought Pinochet’s rigid monetarism would still prevail here in 2023? Population at barely 5 mill, a land of plenty, yet we still manage to maintain an enduring underclass and ravaged lives due to not making the wealthy pay their fair share, or regulating Aussie Banks and the Supermarket Duopoly.

      Part of it goes back to Sir (cur) Rog, Prebble, Bassett, Caygill and the rest purging of anything much left in NZ Labour. Most of the Labour Caucus are neo Blairist through and through and frankly know no better, a class left analysis is anathema to them.

      New movements and leaders always arise however despite the pundits, bloggers and media channel wankers. New Gens are just starting to outnumber boomer voters now so change is a comin’…one way or another.

    • Charlotte Rust 16.2

      I wonder how much of this is due to the media and opposition constantly bagging the govt for every tiny move. I don’t recall it ever being so bad/prolific.

  17. Dennis Frank 17

    From Richard Harman this morning:

    The release of the Budget papers yesterday shows that from late last year, Treasury and two Cabinet Ministers spent six months working in secret on a wealth tax, all the time avoiding questions on what they were doing.

    The papers show that Treasury estimated a tax on individuals with assets of over $5 million, not including their family home, would hit only 25,000 individuals or 0.5 per cent of the total population. However, that group would have assets totalling $5 billion or 26% of all the assets held by individuals. Nevertheless, it could raise $3.8 billion a year by 2025 and allow tax reductions for low income taxpayers. But the Prime Minister,ruled it out in late April and even more emphatically yesterday.
    https://www.politik.co.nz/labours-secret-tax-plans/

    So they weren't gunning for the 1%. Their target was the top half of them. Such selective socialism, yet they can't say so.

    What's not clear to me is whether the target actually was assets rather than income & if so, would Treasury just use current market value of those to do their cut thereof.

    I mean, the only real way to measure market value is to sell the item. Anything else is an estimate – even if expert. Hypothetical wealth extraction…

    • Shanreagh 17.1

      Yes indeed DF.

      This

      The papers show that Treasury estimated a tax on individuals with assets of over $5 million, not including their family home, would hit only 25,000 individuals or 0.5 per cent of the total population. However, that group would have assets totalling $5 billion or 26% of all the assets held by individuals. Nevertheless, it could raise $3.8 billion a year by 2025 and allow tax reductions for low income taxpayers. But the Prime Minister,ruled it out in late April and even more emphatically yesterday.
      https://www.politik.co.nz/labours-secret-tax-plans/

      The Greens with their notions of what wealth is does not accord with the work that Treasury felt were the wealthy.

      I think the PM ruled wealth tax etc out in March and July for different reasons

      – March possibly not enough time to have delivered a well thought out fair plan before the election or even risk putting up the bones of one (it is horse scaring stuff in NZ where so many NZers own their own homes)

      – July possibly Labour's internal polling has alerted him to the fact that there is great unease in the Labour stronghold at The Greens proposals. If The Greens had followed the idea from The Treasury…..

      individuals with assets of over $5 million, not including their family home, would hit only 25,000 individuals or 0.5 per cent of the total population.

      but

      it could raise $3.8 billion a year by 2025 and allow tax reductions for low income taxpayers

      He may have been less inclined to knock it out as it would have built on the the work that had already been done by IRD. IRD had been doing some work on high net worth individuals and families that had been made public.

      https://www.ird.govt.nz/hwi-research-project

      https://www.ird.govt.nz/-/media/project/ir/home/documents/about-us/high-wealth-research-project/hwi-research-project/final-report-april-2023/report-high-wealth-individuals-research-project.pdf?modified=20230423203807

      https://www.ird.govt.nz/-/media/project/ir/home/documents/about-us/high-wealth-research-project/hwi-research-project/factsheets-supporting-hwi-report/tax-and-the-economic-income-of-the-wealthy.pdf?modified=20230420234159

      Anyway onwards and upwards…hopefully we will get some interesting ideas.

      • Anne 17.1.1

        … Labour's internal polling has alerted him to the fact that there is great unease in the Labour stronghold at The Greens proposals…

        You may well be right Shnareagh but I think the greater unease was the internal polling picking up the number of people who have been fooled into believing (as we know NAct and it's media lackeys have been assiduously claiming) that Labour was going to introduce a CGT and it would include baches/holiday homes etc.

        I heard one such conversation only a few days ago.

        • Shanreagh 17.1.1.1

          We obviously hear views from a wider group of people not just those who valued the CGT/wealth ideas or the current iteration by The Greens.

          My surprising one recently was with some younger female scientists who thought the ideas of including the family home and KS were ill thought out.

          I suspect that if The Greens had excluded the family home the concern about their wealth tax policy would not have been there. NZers and home ownership and our psyche about this are apparent to social historians but may not have been noted by The Greens.

          The Greens don't seem to set great store by home ownership or retirement savings eg Kiwisaver judging by a quick skim of the manifesto.

          That's fine but don't expect it not to be noticed and then added to concern about the low cutoff point for the tax or the inclusion of the family home.

          Whatever the poling was picking up I am glad that it was promptly picked up on and put away.

          Now hopefully we will get a commitment to looking at tax bracket creep and if needed upping of the rates themselves a la The Greens and also if needed floating of ideas adding to the tax take. CGT or Wealth taxes are not the only horses in this.

          I have a twinge of unease but also hope that Labour has a robust tax policy ready, or almost, to go.

          • SPC 17.1.1.1.1

            Yeah sure a tax that impacted on less than 1% of people had an impact on polling … surprise

            I suspect that if The Greens had excluded the family home the concern about their wealth tax policy would not have been there.

            So why did Labour abandon a wealth tax that excluded the family home?

            • Shanreagh 17.1.1.1.1.1

              Picking up on internal polling that was running scared on any notion of a wealth/cgt?

              The papers show that Treasury estimated a tax on individuals with assets of over $5 million, not including their family home, would hit only 25,000 individuals or 0.5 per cent of the total population. However, that group would have assets totalling $5 billion or 26% of all the assets held by individuals. Nevertheless, it could raise $3.8 billion a year by 2025 and allow tax reductions for low income taxpayers. But the Prime Minister,ruled it out in late April and even more emphatically yesterday.
              https://www.politik.co.nz/labours-secret-tax-plans/

              and

              I think the PM ruled wealth tax etc out in March and July for different reasons

              – March possibly not enough time to have delivered a well thought out fair plan before the election or even risk putting up the bones of one (it is horse scaring stuff in NZ where so many NZers own their own homes)

              – July possibly Labour's internal polling has alerted him to the fact that there is great unease in the Labour stronghold at The Greens proposals.

              13 July 2023 at 11:26 am

  18. Mike Nolan 18

    That hurts. I've been saying for a long time that unless Labour takes a progressive tax policy to the electorate to combat National's tax plan they will likely lose. Being able to show how small tax cuts for upper-middle incomes, moderate ones for lower-middle incomes, and significant cuts for lower incomes would contrast with National's cuts for the rich and crumbs for the poor.

    Labour will apparently release their tax policy in the next fortnight. If it is as timid as I fear it will be, for the first time in 5 elections I won't be campaigning for or voting for them. I'll be sitting on the sidelines and voting Green or TPM.

  19. That_guy 19

    Disappointing to say the least. The issues that matter to me, in order of priority are:

    1) The ecological omishamblesclusterfuck crisis

    <daylight> because what does any of this matter on a dead planet?

    2) taxes, taxes,taxes

    3) Respect women and LGB kids.

    Here's my current position: both the Greens and Labour did not respect the rights of women, but of the people who trashed Speak Up For Women in a select committee, Deborah Russell (Labour) is still going strong and Dr. Kerekere (Greens) is gone.

    I have comms from Green MPs stating that they understand that gender critical people exist in the Greens and that their voices will be represented.

    And on tax Labour have just dropped the ball and then openly told us they will never pick it up.

    Guess it's back to the Greens.

    • weka 19.1

      Interesting analysis of your voting inclination, thanks.

      I think there is an opening for the Greens to shift on gender identity and sex. Won't be easy or fast, but Kerekere going and the party prioritising climate/eco and ending poverty over gender identity ideology is a good sign. The Greens understand what matters to voters just like every other party and my guess is that they have enough Rainbow things in their policy to satisfy most of their liberal voters, but it's the environment and wealth equity issues that will gain them votes from Labour.

      • That_guy 19.1.1

        For me if you're not acting and talking like a crisis is a crisis, you are out of contention immediately. This leaves the Greens, TOP and possibly TPM.

        TOP = no bums on seats unless something drastic changes. So they are out (for now).

        TPM = perfectly happy with indigenous people organising in their own interests, perfectly happy for them to be there, but I personally do not want to vote for party that is explicitly tied to an ethnicity. But I will look into their policies.

        The fact that the Greens are talking sense about tax and will have bums on seats is a bonus.

  20. Shanreagh 20

    Here is this for a bit of balance

    Tax expert Terry Baucher said both National and Labour Governments had created a problem by leaving tax thresholds unadjusted for inflation for so long. The cost of making any adjustment now had got “higher and higher” over time, he said. “It’s a headache entirely of their own making.”

    Robin Olliver, former deputy commissioner of policy at Inland Revenue and now a tax consultant, said the Government was right not to pursue a tax-free threshold.

    “It would be a very poor way of assisting the less well off. That is because most of those $10,000 or under are partners or children of higher income households. They get the full benefit. Moreover high wealth can direct some income to household members gaining more tax benefits. Lower income households are on 17.5% rate and now even 30%. Better to increase the threshold of $48,000 when the tax rate rises to 30%.”

    https://www.stuff.co.nz/business/money/300926510/heres-how-much-the-govts-abandoned-taxfree-threshold-would-have-given-you

    My view is that there are more ways to look at this. They rely on the currently well functioning (govt) records and the fact that people die and people sell.

    1 Death Duties: use BDM, Justice (probate)

    2 Financial transaction tax on shares and real estate: use Share registry, land transfer office based on survey system and Torrens land registry system.

    3 We could add a tax on unused housing stock or land being held for land banking against future land use changes

    4 We could adjust the Brightline test

    5 We could look at whether income is being declared from AirBnB (I suspect in many cases where this is being operated semi casually and no expenditure is being charged against the 'business' that this is not being declared.)

    I see the death duties tax as unproblematic as it is easily able to exclude the survivor of joint family homes. It sends a, possibly token signal, about intergenerational wealth transfers, as socialists we still believe in this don't we? (or are we saying it is OK for some to pass down wealth but not others?)

    What would be the problem in saying that we like the Greens tax brackets ideas?

    0-10,000 – 0%

    10, -50,000 – 17%

    50,-75,000 – 30%

    75, – 120,000 -35%

    120, -180,000 – 39%

    0ver 180,000 -45%

    then leaving the use of the increased tax in the various Votes up to NZGovt to use in budgets to meet the policies it is pushing for. Tied taxes such as that proposed by The Greens are traditionally disliked by The Treasury as tying the hands of any Govt. Any proposal involving tied taxes can expect big pushback from The Treasury.

    So if we have a range of different types of taxes, and none of them tied, it gives a Govt more flexibility on a year by year basis to direct funds to its programmes.

    If we focus on the high net wealth taxpayers/families such as those investigated by IRD (and these are asset owning people of well over 2M) then we may get an idea of other waypoints along the life of their caopital amassing journey where taxes can be pursued. This is a more specialist intrument than the blunt wealth or Capital Gains tax regimes.

    If we wanted to use a carrot system we could look at ways to reward people who directly transferred their wealth to others – such as say making contributions to a KS account for every child in NZ (so acting for parents/grandparents who wished they could do this but currently cannot), or directly funding remedial reading programmes, second chance education in prisons, budgetting advice. Not removing the role of Govt in these functions but giving a tax credit for direct donations from wealthy people.

    Please, now that for whatever reason the Govt is not pursuing wealth/capital gains tax, the decision is made and we can discuss other ways that have not been ruled out.

    Actually my view is that Labour has probably picked up in its polling, unease among its supporters about The Greens wealth tax proposals, these supporters may feel that if Labour forms a Govt and calls on The Greens that the Wealth tax will be the price that has to be paid. So they may move away from Labour or not vote at all, either prospect not being desirable. So the wealth tax, rather than making a Labour/Green grouping a desirable election outcome, is seen as being a poor outcome.

    • SPC 20.1

      I see the death duties tax as unproblematic as it is easily able to exclude the survivor of joint family homes. It sends a, possibly token signal, about intergenerational wealth transfers, as socialists we still believe in this don't we? (or are we saying it is OK for some to pass down wealth but not others?)

      Most nations that have death duties have exemption levels and so most are exempt.

      • Belladonna 20.1.1

        Just like most nations that have wealth taxes have exemption levels and so most are exempt.

        • SPC 20.1.1.1

          And most nations that have CGT, exclude either all family homes or have an exemption that excludes near all family homes – they include some to capture those who buy mansion homes to store wealth.

          • Belladonna 20.1.1.1.1

            Yes. The point is that all taxes exclude some groups of persons.

            You can't effectively exclude one from consideration on those grounds.

      • Shanreagh 20.1.2

        Not going to comment about intergenerational wealth then? SPC 13 July 2023 at 5:46 pm

        Living in a family home is fair game to be taxed but passing down intergenerational wealth is not? I find that concept odd as the wealth that is passed down is the epitome of unearned income in the hands of the beneficiaries.

        Death duties if correctly set up would tax all but the levels would range from very little to quite alot depending on the size of the estate.

      • Shanreagh 20.1.3

        In NZ the charge for death duties could follow the lead in relation to probate.

        With estates valued over $15k, probate is a necessary part of the estate administration process that involves an application to the High Court for the will to be recognised and approved legally.

        https://www.publictrust.co.nz/resources/probate-explained-what-it-is-how-to-apply-and-how-we-can-help/

        At the moment estates valued at less than $15,000 are exempt from having to apply for probate and a death duties regime could link to that so it came in at a very low % $15,000 and then rose from there.

    • Belladonna 20.2

      "That is because most of those $10,000 or under are partners or children of higher income households."

      These days you have to have a seriously high single income earner, for the family to be able to afford for one partner to earn less than $10K.

      One way around it, would be to increase the tax from people earning over (say) $180K to cover it.

      Actually, I think that quite a number of the people in that low earnings bracket are young teens on their first job. I think it’s highly unlikely that all (or even the majority) of them are from high earning families….

      • SPC 20.2.1

        They should just bump up the low income earner rebate and extend its range to include more people (a lot more would get help from this for a lot less money than the zero tax under $10,000 – and then some money could go to adjusting the tax brackets).

        • Belladonna 20.2.1.1

          Certainly agree that we need to adjust the tax brackets.

          Do you mean the IETC (Independent Earner Tax Credit)?

          Part of the attraction of not charging tax, rather than rebating it at the end of the tax year, is that the taxpayer gets to use the money in the meantime. And, there is less lost in the administration….

          • SPC 20.2.1.1.1

            Yes.

            Independent Earner Tax Credit (IETC) is a tax credit you can get if you earn between $24,000 and $48,000 per annum and are not claiming a Working for Families Tax Credit. It is a tax credit of up to $520 so if you've paid more than this in tax, you can receive this back as a tax refund.​​

            This would help young couples and others trying to afford flats (and also save money to own).

  21. newsense 21

    Not sure if anyone has posted Hickey’s scathing analysis of Hipkin’s ‘We need bread and sausages, so we have to screw over the climate’ type arguments.
    Apologies, quoted at length. Please read on the Spin-off link below or join Hickey on the Kaka.

    https://thespinoff.co.nz/politics/13-07-2023/so-this-is-how-the-story-ends

    …Hipkins said he decided not to go ahead with the tax switch because Labour did not have a mandate for a wealth tax and he wanted to keep things simple at an uncertain time. Here’s Hipkins again, with my bolding, and my comments on the bolded sections, below each quote.

    “With many Kiwi households struggling, now is simply not the time for a big shake-up of our tax system.”

    (He’s right about many households struggling, but it applies mostly to renters and the 99.5% who would have benefited from the tax switch.)

    (“Now” is a relative term. He’s effectively saying not for another generation, given if he wins the election that is three more years of no such tax, followed most likely by a National-Act government for another six to nine years.)

    New Zealanders I talk to want certainty and continuity right now, and that’s what I’m delivering with this policy.”

    (Which ones? A Newshub-Reid Research poll in May showed a majority in support of a wealth tax.)

    “When I became prime minister I said the government I lead will focus on the basics. Experimenting with a wealth tax doesn’t fit that approach, which is why I’m ruling it out. My position on CGT is a continuation of the position the government has held since 2018.”

    (The risks of that experiment would be borne by the 0.5% of the population who are the most resourced to deal with the potential fallout.)

    (Technically, Jacinda Ardern did not rule out the CGT until 2019, but he’s sort of right because the CGT died in the week before the 2017 election when Ardern promised it would not be implemented in the first term, and would only happen after a Tax Working Group study, which meant never.)

    “While work was already under way on a potential wealth tax and CGT as part of a tax switch in the budget, I ultimately made the call not to proceed with it. We simply didn’t have a mandate to implement those tax changes.”

    (That’s worth challenging. As Grant Robertson pointed out yesterday, the wealth part of the tax switch would not have applied until after the election, which would have made the wealth tax part of the election contest to provide a mandate.)

    “Instead we have moved to address inequity in our tax system by increasing the top trust tax rate to match the 39% top income tax rate. This will help prevent trusts being used as a tax shelter and ensures the ultra wealthy pay their fair share. It also aligns with the increase to the top tax rate we implemented at the start of the term.”

    (David Parker’s study of the wealthiest shows an effective tax rate of 9% from those family trusts because most of the income is buried in untaxable capital gains.)

  22. newsense 22

    Exactly. Get us a Labour PM with some guts and get about serving the country because this is not Labour tacking to the centre. This is a continuing betrayal of a generation and it will cement changes into the class structure of New Zealand that will bubble up in all kinds of nasty ways over the next 25 years.

  23. Nigel Haworth 23

    My support for fundamental tax reform is long-established. The two most immediately-responsible and knowledgeable ministers (Robertson and Parker) also favour reform. The PM’s dismissal of tax reform begs the questions: when will it ever be the time for such change, and what sort of Labour Party do we need to promote such change?

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    This weekend, a friend pointed out someone who said they’d like to read my posts, but didn’t want to pay. And my first reaction was sympathy.I’ve already told folks that if they can’t comfortably subscribe, and would like to read, I’d be happy to offer free subscriptions. I don’t want ...
    Mountain TuiBy Mountain Tui
    1 day ago
  • For the children – Why mere sentiment can be a misleading force in our lives, and lead to unex...

    National: The Party of ‘Law and Order’ IntroductionThis weekend, the Government formally kicked off one of their flagship policy programs: a military style boot camp that New Zealand has experimented with over the past 50 years. Cartoon credit: Guy BodyIt’s very popular with the National Party’s Law and Order image, ...
    Mountain TuiBy Mountain Tui
    1 day ago
  • A friend in uncertain times

    Day one of the solo leg of my long journey home begins with my favourite sound: footfalls in an empty street. 5.00 am and it’s already light and already too warm, almost.If I can make the train that leaves Budapest later this hour I could be in Belgrade by nightfall; ...
    More Than A FeildingBy David Slack
    1 day ago
  • The Chaotic World of Male Diet Influencers

    Hi,We’ll get to the horrific world of male diet influencers (AKA Beefy Boys) shortly, but first you will be glad to know that since I sent out the Webworm explaining why the assassination attempt on Donald Trump was not a false flag operation, I’ve heard from a load of people ...
    David FarrierBy David Farrier
    1 day ago
  • It's Starting To Look A Lot Like… Y2K

    Do you remember Y2K, the threat that hung over humanity in the closing days of the twentieth century? Horror scenarios of planes falling from the sky, electronic payments failing and ATMs refusing to dispense cash. As for your VCR following instructions and recording your favourite show - forget about it.All ...
    Nick’s KōreroBy Nick Rockel
    2 days ago
  • Bernard’s Saturday Soliloquy for the week to July 20

    Climate Change Minister Simon Watts being questioned by The Kākā’s Bernard Hickey.TL;DR: My top six things to note around housing, climate and poverty in Aotearoa’s political economy in the week to July 20 were:1. A strategy that fails Zero Carbon Act & Paris targetsThe National-ACT-NZ First Coalition Government finally unveiled ...
    The KakaBy Bernard Hickey
    2 days ago
  • Pharmac Director, Climate Change Commissioner, Health NZ Directors – The latest to quit this m...

    Summary:As New Zealand loses at least 12 leaders in the public service space of health, climate, and pharmaceuticals, this month alone, directly in response to the Government’s policies and budget choices, what lies ahead may be darker than it appears. Tui examines some of those departures and draws a long ...
    Mountain TuiBy Mountain Tui
    3 days ago
  • Flooding Housing Policy

    The Minister of Housing’s ambition is to reduce markedly the ratio of house prices to household incomes. If his strategy works it would transform the housing market, dramatically changing the prospects of housing as an investment.Leaving aside the Minister’s metaphor of ‘flooding the market’ I do not see how the ...
    PunditBy Brian Easton
    3 days ago
  • A Voyage Among the Vandals: Accepted (Again!)

    As previously noted, my historical fantasy piece, set in the fifth-century Mediterranean, was accepted for a Pirate Horror anthology, only for the anthology to later fall through. But in a good bit of news, it turned out that the story could indeed be re-marketed as sword and sorcery. As of ...
    3 days ago
  • The Kākā's Chorus for Friday, July 19

    An employee of tobacco company Philip Morris International demonstrates a heated tobacco device. Photo: Getty ImagesTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Friday, July 19 are:At a time when the Coalition Government is cutting spending on health, infrastructure, education, housing ...
    The KakaBy Bernard Hickey
    3 days ago
  • The Kākā’s Pick 'n' Mix for Friday, July 19

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 8:30 am on Friday, July 19 are:Scoop: NZ First Minister Casey Costello orders 50% cut to excise tax on heated tobacco products. The minister has ...
    The KakaBy Bernard Hickey
    3 days ago
  • Weekly Roundup 19-July-2024

    Kia ora, it’s time for another Friday roundup, in which we pull together some of the links and stories that caught our eye this week. Feel free to add more in the comments! Our header image this week shows a foggy day in Auckland town, captured by Patrick Reynolds. ...
    Greater AucklandBy Greater Auckland
    3 days ago
  • Weekly Climate Wrap: A market-led plan for failure

    TL;DR : Here’s the top six items climate news for Aotearoa this week, as selected by Bernard Hickey and The Kākā’s climate correspondent Cathrine Dyer. A discussion recorded yesterday is in the video above and the audio of that sent onto the podcast feed.The Government released its draft Emissions Reduction ...
    The KakaBy Bernard Hickey
    3 days ago
  • Tobacco First

    Save some money, get rich and old, bring it back to Tobacco Road.Bring that dynamite and a crane, blow it up, start all over again.Roll up. Roll up. Or tailor made, if you prefer...Whether you’re selling ciggies, digging for gold, catching dolphins in your nets, or encouraging folks to flutter ...
    Nick’s KōreroBy Nick Rockel
    3 days ago
  • Trump’s Adopted Son.

    Waiting In The Wings: For truly, if Trump is America’s un-assassinated Caesar, then J.D. Vance is America’s Octavian, the Republic’s youthful undertaker – and its first Emperor.DONALD TRUMP’S SELECTION of James D. Vance as his running-mate bodes ill for the American republic. A fervent supporter of Viktor Orban, the “illiberal” prime ...
    3 days ago
  • The Kākā’s Journal of Record for Friday, July 19

    TL;DR: As of 6:00 am on Friday, July 19, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:The PSA announced the Employment Relations Authority (ERA) had ruled in the PSA’s favour in its case against the Ministry ...
    The KakaBy Bernard Hickey
    3 days ago
  • The Hoon around the week to July 19

    TL;DR: The podcast above of the weekly ‘hoon’ webinar for paying subscribers last night features co-hosts and talking with:The Kākā’s climate correspondent talking about the National-ACT-NZ First Government’s release of its first Emissions Reduction Plan;University of Otago Foreign Relations Professor and special guest Dr Karin von ...
    The KakaBy Bernard Hickey
    3 days ago
  • Skeptical Science New Research for Week #29 2024

    Open access notables Improving global temperature datasets to better account for non-uniform warming, Calvert, Quarterly Journal of the Royal Meteorological Society: To better account for spatial non-uniform trends in warming, a new GITD [global instrumental temperature dataset] was created that used maximum likelihood estimation (MLE) to combine the land surface ...
    4 days ago
  • We're back again! Join us for the weekly Hoon on YouTube Live

    Photo by Gabriel Crismariu on UnsplashWe’re back again after our mid-winter break. We’re still with the ‘new’ day of the week (Thursday rather than Friday) when we have our ‘hoon’ webinar with paying subscribers to The Kākā for an hour at 5 pm.Jump on this link on YouTube Livestream for ...
    The KakaBy Bernard Hickey
    4 days ago
  • Gut Reactions.

    Trump Writes His Own Story: Would the “mainstream” media even try to reflect the horrified reaction of the MAGA crowd to the pop-pop-pop of the would-be assassin’s rifle, and Trump going down? Could it even grasp the sheer elation of the rally-goers seeing their champion rise up and punch the air, still alive, ...
    4 days ago
  • Dodging Bullets.

    Fight! Fight! Fight! Had the assassin’s bullet found its mark and killed Donald Trump, America’s descent into widespread and murderous violence – possibly spiralling-down into civil war – would have been immediate and quite possibly irreparable. The American Republic, upon whose survival liberty and democracy continue to depend, is certainly not ...
    4 days ago
  • 'Corruption First' Strikes Again

    There comes a point in all our lives when we must stop to say, “Enough is enough. We know what’s happening. We are not as stupid or as ignorant as you believe us to be. And making policies that kill or harm our people is not acceptable, Ministers.”Plausible deniability has ...
    Mountain TuiBy Mountain Tui
    4 days ago
  • The Kākā's Chorus for Thursday, July 18

    TL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:The inside stories of KiwiRail’s iRex debacle, Westport’s perma-delayed flood scheme and Christchurch’s post-quake sewer rebuild, which assumed no population growth, show just how deeply sceptical senior officials in Treasury, the Ministry of ...
    The KakaBy Bernard Hickey
    4 days ago
  • What's that Jack Black?

    Ah-rah, deeSoo-guh-goo-gee-goo-geeGoo-guh fli-goo gee-gooGuh fli-goo, ga-goo-buh-deeOoh, guh-goo-beeOoh-guh-guh-bee-guh-guh-beeFli-goo gee-gooA-fliguh woo-wa mama Lucifer!I’m about ready to move on, how about you?Not from the shooting, that’s bad and we definitely shouldn’t have that. But the rehabilitation of Donald J Trump? The deification of Saint Donald? As the Great Unifier?Gimme a bucket.https://yellowscene.com/2024/04/07/trump-as-jesus/Just to re-iterate, ...
    Nick’s KōreroBy Nick Rockel
    4 days ago
  • June 2024: Earth’s 13th-consecutive warmest month on record

    This is a re-post from Yale Climate Connections by Jeff Masters and Bob Henson June 2024 was Earth’s warmest June since global record-keeping began in 1850 and was the planet’s 13th consecutive warmest month on record, NOAA’s National Centers for Environmental Information, or NCEI, reported July 12. As opposed to being focused in ...
    4 days ago
  • Connecting the dots and filling the gaps in our bike network

    This is a guest post by Shaun Baker on the importance of filling the gaps in our cycling networks. It originally appeared on his blog Multimodal Adventures, and is re-posted here with kind permission. In our towns and cities in Aotearoa New Zealand, there are areas in our cycling networks ...
    Greater AucklandBy Guest Post
    4 days ago
  • Webworm Down Under Photos!

    Hi,I wanted to share a few thoughts and photos from the Webworm popup and Tickled screening we held in Auckland, New Zealand last weekend.In short — it was a blast. I mean, I had a blast and I hope any of you that came also had a blast.An old friend ...
    David FarrierBy David Farrier
    4 days ago
  • The Kākā’s Pick 'n' Mix for Thursday, July 18

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 6:30 am on Thursday, July 18 are:News: Christchurch's sewer systems block further housing developments RNZ’s Niva ChittockAnalysis: Interislander: Treasury, MoT officials' mistrust of KiwiRail led ...
    The KakaBy Bernard Hickey
    4 days ago
  • The Kākā’s Journal of Record for Thursday, July 18

    TL;DR: As of 6:00 am on Thursday, July 18, the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day are:Verbatim: Climate Change Minister Simon Watts held a news conference in Auckland to release the Government’s Emissions Reduction Plan, including ...
    The KakaBy Bernard Hickey
    4 days ago
  • The politics of managed retreat

    Climate change deniers are now challenging the Government over a key climate change adaptation policy. That begs the question of whether New Zealand First will then support Government moves to implement processes to deal with a managed retreat for properties in danger of flooding because of sea level rise and ...
    PolitikBy Richard Harman
    4 days ago
  • Some changes are coming

    Warm welcome again to those who are here. The Mountain Tui substack was officially started on the 2nd of July. I wrote about what led me here on this post. Since then, it’s been a learning to navigate the platform, get to meet those in the community, and basically be ...
    Mountain TuiBy Mountain Tui
    5 days ago
  • About fucking time

    The US Supreme Court has been rogue for years, with openly corrupt judges making the law up as they go to suit themselves, their billionaire buyers, and the Republican Party. But now, in the wake of them granting a licence for tyranny, President Biden is actually going to try and ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Climate Change: False accounting and wishful thinking

    National released their draft 2026-2030 Emissions Reduction Plan today. The plan is required under the Zero Carbon Act, and must set out policies and strategies to meet the relevant emissions budget. Having cancelled all Labour's actually effective climate change policies and crashed the carbon price, National was always going to ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • The Enemies Of Sunshine And Space.

    Our Houses? The Urban Density debate is a horrible combination of intergenerational avarice and envy, fuelled by the grim certainty that none of the generations coming up after them will ever have it as good as the Boomers. To say that this situation rankles among those born after 1965 is to ...
    5 days ago
  • Still the 5 Eyes Achilles Heel?

    The National Cyber Security Centre (NZSC), a unit in the Government Communications Security Bureau (GCSB) dedicated to cyber-security, has released a Review of its response to the 2021 email hacking of NZ members of the Inter-Parliamentary Alliance on China (IPAC, … Continue reading ...
    KiwipoliticoBy Pablo
    5 days ago
  • Britain's Devastating Electoral Slip.

    Slip-Sliding Away: Labour may now enjoy a dominant position in Britain’s political landscape, but only by virtue of not being swallowed by it.THE BRITISH LABOUR PARTY’S “landslide victory” is nothing of the sort. As most people understand the term, a landslide election victory is one in which the incumbent government, or ...
    5 days ago
  • Gordon Campbell on why right wingers think all governments (including their own) are incompetent

    Since open denial of climate change is no longer a viable political option, denial now comes in disguise. The release this week of the coalition government’s ‘draft emissions reductions plan” shows that the Luxon government is refusing to see the need to cut emissions at source. Instead, it proposes to ...
    WerewolfBy lyndon
    5 days ago
  • The Kākā's Chorus for Wednesday, July 17

    TL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy this morning are:Chris Penk is set to roll back building standards for insulation that had only just been put in place, and which had been estimated to save 40% from power costs, after builders ...
    The KakaBy Bernard Hickey
    5 days ago
  • Open Letter to Pharmac

    All this talk of getting oldIt's getting me down, my loveLike a cat in a bag, waiting to drownThis time I'm coming downAnd I hope you're thinking of meAs you lay down on your sideNow the drugs don't workThey just make you worse but I know I'll see your face ...
    Nick’s KōreroBy Nick Rockel
    5 days ago
  • A blanket of misinformation

    Two old sayings have been on my mind lately. The first is: “The pen is mightier than the sword”, describing the power of language and communication to help or to harm. The other, which captures the speed with which falsehoods can become ingrained and hard to undo, is: “A lie can ...
    Greater AucklandBy Connor Sharp
    5 days ago
  • The Kākā’s Pick 'n' Mix for Wednesday, July 17

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day to 7:00 am on Wednesday, July 17 are:Scoop: Government considers rolling back home insulation standards RNZ’s Eloise GibsonNews: Government plans tree-planting frenzy as report shows NZ no longer ...
    The KakaBy Bernard Hickey
    5 days ago
  • The Kākā’s Journal of Record for Wednesday, July 17

    TL;DR: As of 6:00 am on Wednesday, July 17 , the top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day were:Simon Watts released the Government’s draft Emissions Reduction Plan (ERP), which included proposed changes to the Emissions Trading Scheme ...
    The KakaBy Bernard Hickey
    5 days ago
  • “Shhhh” – National's 3 Waters is loaded with higher costs and lays a path to ...

    This is a long, possibly technical, but very, very important read. I encourage you to take the time and spread your awareness.IntroductionIn 2022, then Labour Party Prime Minister Jacinda Adern expended significant political capital to protect New Zealand’s water assets from privatisation. She lost that battle, and Labour and the ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Plugging a video channel: Dr Gilbz

    Dr. Ella Gilbert is a climate scientist and presenter with a PhD in Antarctic climate change, working at the British Antarctic Survey (BAS). Her background is in atmospheric sciences and she's especially interested in the physical mechanisms of climate change, clouds, and almost anything polar. She is passionate about communicating climate ...
    6 days ago
  • Some “scrutiny” again

    Back in 2022, in its Open Government Partnership National Action Plan, the government promised to strengthen scrutiny of Official Information Act exemption clauses in legislation. Since then they've run a secret "consultation" on how to do that, with their preferred outcome being that agencies will consult the Ministry of Justice ...
    No Right TurnBy Idiot/Savant
    6 days ago
  • Crashing New Zealand's health system is not the way to prosperity, Prime Minister

    Another day, and yet another piece of bad news for New Zealand’s health system. Reports have come out that General Practitioners (GP) may have to close doors, or increase patient fees to survive. The so-called ‘capitation’ funding review, which supports GP practices to survive, is under way, and primary care ...
    Mountain TuiBy Mountain Tui
    6 days ago
  • Closer Than You Think: Ageing Boomers, Laurie & Les, Talk Politics.

    Redefining Our Terms: “When an angry majority is demanding change, defending the status-quo is an extremist position.”“WHAT’S THIS?”, asked Laurie, eyeing suspiciously the two glasses of red wine deposited in front of him.“A nice drop of red. I thought you’d be keen to celebrate the French Far-Right’s victory with the ...
    6 days ago
  • Come on Darleen.

    Good morning all, time for a return to things domestic. After elections in the UK and France, Luxon gatecrashing Nato, and the attempted shooting of Trump, it’s probably about time we re-focus on local politics.Unless of course you’re Christopher Luxon and you’re so exhausted from all your schmoozing in Washington ...
    Nick’s KōreroBy Nick Rockel
    6 days ago
  • How the Northwest was lost and may be won

    This is a guest post by Darren Davis. It originally appeared on his excellent blog, Adventures in Transitland, which we encourage you to check out. It is shared by kind permission. The Northwest has always been Auckland’s public transport Cinderella, rarely invited to the public funding ball. How did ...
    Greater AucklandBy Guest Post
    6 days ago
  • The Kākā's Chorus for Tuesday July 16

    Luxon has told a Financial Times’ correspondent he would openly call out China’s spying in future and does not fear economic retaliation from Aotearoa’s largest trading partner.File Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy on Tuesday, ...
    The KakaBy Bernard Hickey
    6 days ago
  • The Kākā’s Pick 'n' Mix for Tuesday, July 16

    TL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last day or so to 6:00 am on Tuesday, July 16 are:PM Christopher Luxon has given a very hawkish interview to the Financial Times-$$$ correspondent in Washington, Demetri Sevastopulu, saying ...
    The KakaBy Bernard Hickey
    6 days ago
  • The Kākā’s Journal of Record for Tuesday, July 16

    Photo by Ryunosuke Kikuno on UnsplashTL;DR: The top six announcements, speeches, reports and research around housing, climate and poverty in Aotearoa’s political economy in the last day to 6:00 am are:BNZ released its Performance of Services Index for June, finding that services sector is at its lowest level of activity ...
    The KakaBy Bernard Hickey
    6 days ago
  • The second crisis; assumption was the mother

    Late on the night of July 16, 1984, while four National Cabinet Ministers were meeting in the Beehive office of Deputy Prime Minister Jim McLay, plotting the ultimate downfall of outgoing Prime Minister Sir Robert Muldoon, another crisis was building up in another part of the capital. The United States ...
    PolitikBy Richard Harman
    6 days ago
  • Can we air condition our way out of extreme heat?

    This is a re-post from The Climate Brink by Andrew Dessler Air conditioning was initially a symbol of comfort and wealth, enjoyed by the wealthy in theaters and upscale homes. Over time, as technology advanced and costs decreased, air conditioning became more accessible to the general public. With global warming, though, ...
    7 days ago
  • Review: The Zimiamvian Trilogy, by E.R. Eddison (1935-1958)

    I have reviewed some fairly obscure stuff on this blog. Nineteenth century New Zealand speculative fiction. Forgotten Tolkien adaptations. George MacDonald and William Morris. Last month I took a look at The Worm Ouroboros (1922), by E.R. Eddison, which while not strictly obscure, is also not overly inviting to many ...
    7 days ago
  • Media Link: AVFA on the Trump assassination attempt.

    In this episode of “A View from Afar” Selwyn Manning and I discuss the attempt on Donald Trump’s life and its implications for the US elections. The political darkness grows. ...
    KiwipoliticoBy Pablo
    7 days ago
  • Law & Order: National Party 1, Police 0, Public -1

    What happened?Media is reporting that police have lost in their pay dispute with the Coalition Government.Some of you might remember that the police rejected Labour’s previous offer in September, 2023, possibly looking forward to be taken care of by the self-touted ‘Party of Law and Order’ - National.If you look ...
    Mountain TuiBy Mountain Tui
    7 days ago
  • Gordon Campbell on the Trump shooting and a potential hike in fees for visiting the doctor

    Having watched Donald Trump systematically exploit social grievances, urge people not to accept his election loss and incite his followers to violent insurrection… it is a bit hard to swallow the media descriptions over the past 24 hours of Trump being a “victim” of violence. More like a case of ...
    WerewolfBy lyndon
    1 week ago
  • The Kākā's Chorus for Monday July 15

    The exploitation of workers on the national fibre broadband rollout highlights once again the dark underbelly of our ‘churn and burn’ economy. Photo: Lynn Grieveson / The KākāTL;DR: The top six things I’ve noted around housing, climate and poverty in Aotearoa’s political economy today are:An extraordinary Steve Kilgallon investigation into ...
    The KakaBy Bernard Hickey
    1 week ago
  • The Kākā’s Pick 'n' Mix for Monday, July 15

    Photo by Jessica Loaiza on UnsplashTL;DR: My pick of the top six links elsewhere around housing, climate and poverty in Aotearoa’s political economy in the last three days to 9:00 am on Monday, July 15 are:Investigation: Immigration NZ refused to prosecute an alleged exploiter despite a mountain of evidence - ...
    The KakaBy Bernard Hickey
    1 week ago
  • City Centre Rebuild: How Soon Is Now?

    Patrick Reynolds is deputy chair of the City Centre Advisory Panel and a director of Greater Auckland There is ongoing angst about construction disruption in the city centre. And fair enough: it’s very tough, CRL and other construction has been going on for a very long time. Like the pandemic, ...
    Greater AucklandBy Patrick Reynolds
    1 week ago
  • Peril, dismay, resolution

    This afternoon we rolled into Budapest to bring to a close our ride across Europe. We did 144 km yesterday, severe heat messages coming in from the weather app as we bounced along unformed Hungarian back roads and a road strip strewn with fallen trees from an overnight tornado. Somewhere ...
    More Than A FeildingBy David Slack
    1 week ago
  • Bullet the Blue Sky

    In the locust windComes a rattle and humJacob wrestled the angelAnd the angel was overcomeYou plant a demon seedYou raise a flower of fireWe see them burnin' crossesSee the flames, higher and higherBullet the blue skyBullet the blue skyThe indelible images, the soundtrack of America. Guns, assassinations, where-were-you-when moments attached ...
    Nick’s KōreroBy Nick Rockel
    1 week ago
  • The Kākā’s Journal of Record for Monday, July 15

    TL;DR: The top six announcements, rulings, reports, surveys, statistics and research around housing, climate and poverty in Aotearoa’s political economy in the three days to 6:00 am on Monday, July 23 are:University of Auckland researcher Ryan Greenaway-McGrevy published an analysis of the impact of Auckland's 2016 zoning reforms.BNZ's latest Performance ...
    The KakaBy Bernard Hickey
    1 week ago
  • The Kākā’s diary for the week to July 23 and beyond

    TL;DR: The six key events to watch in Aotearoa-NZ’s political economy in the week to July 23 include:PM Christopher Luxon has returned from a trip to the United States and may hold a post-Cabinet news conference at 4:00 pm today.The BusinessNZ-BNZ PSI survey results for June will be released this ...
    The KakaBy Bernard Hickey
    1 week ago
  • Was The Assassination Attempt Fake?

    Hi,It’s in incredible photo, and we’re going to be talking about it for a long time:Trump, triumphantly raising his hand in the air after being shot. Photo credit: Evan VucciYou can watch what happened on YouTube in real time, as a 20-year-old from Pennsylvania lets off a series of gunshots ...
    David FarrierBy David Farrier
    1 week ago
  • 40 years ago, inside the crisis that made modern NZ

    It had rained all day in Auckland, and the Metro Theatre in Mangere was steamed up inside as more and more people arrived to celebrate what had once seemed impossible. Sir Robert Muldoon had lost the 1984 election. “Piggy” Muldoon was no more. Such was the desire to get rid ...
    PolitikBy Richard Harman
    1 week ago

  • Minister to speak at Australian Space Forum

    Minister for Space and Science, Innovation and Technology Judith Collins will travel to Adelaide tomorrow for space and science engagements, including speaking at the Australian Space Forum.  While there she will also have meetings and visits with a focus on space, biotechnology and innovation.  “New Zealand has a thriving space ...
    BeehiveBy beehive.govt.nz
    2 hours ago
  • Climate Change Minister to attend climate action meeting in China

    Climate Change Minister Simon Watts will travel to China on Saturday to attend the Ministerial on Climate Action meeting held in Wuhan.  “Attending the Ministerial on Climate Action is an opportunity to advocate for New Zealand climate priorities and engage with our key partners on climate action,” Mr Watts says. ...
    BeehiveBy beehive.govt.nz
    4 hours ago
  • Oceans and Fisheries Minister to Solomons

    Oceans and Fisheries Minister Shane Jones is travelling to the Solomon Islands tomorrow for meetings with his counterparts from around the Pacific supporting collective management of the region’s fisheries. The 23rd Pacific Islands Forum Fisheries Committee and the 5th Regional Fisheries Ministers’ Meeting in Honiara from 23 to 26 July ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government launches Military Style Academy Pilot

    The Government today launched the Military Style Academy Pilot at Te Au rere a te Tonga Youth Justice residence in Palmerston North, an important part of the Government’s plan to crackdown on youth crime and getting youth offenders back on track, Minister for Children, Karen Chhour said today. “On the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Nine priority bridge replacements to get underway

    The Government has welcomed news the NZ Transport Agency (NZTA) has begun work to replace nine priority bridges across the country to ensure our state highway network remains resilient, reliable, and efficient for road users, Transport Minister Simeon Brown says.“Increasing productivity and economic growth is a key priority for the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Update on global IT outage

    Acting Prime Minister David Seymour has been in contact throughout the evening with senior officials who have coordinated a whole of government response to the global IT outage and can provide an update. The Department of the Prime Minister and Cabinet has designated the National Emergency Management Agency as the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand, Japan renew Pacific partnership

    New Zealand and Japan will continue to step up their shared engagement with the Pacific, Foreign Minister Winston Peters says.    “New Zealand and Japan have a strong, shared interest in a free, open and stable Pacific Islands region,” Mr Peters says.    “We are pleased to be finding more ways ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New infrastructure energises BOP forestry towns

    New developments in the heart of North Island forestry country will reinvigorate their communities and boost economic development, Regional Development Minister Shane Jones says. Mr Jones visited Kaingaroa and Kawerau in Bay of Plenty today to open a landmark community centre in the former and a new connecting road in ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • 'Pacific Futures'

    President Adeang, fellow Ministers, honourable Diet Member Horii, Ambassadors, distinguished guests.    Minasama, konnichiwa, and good afternoon, everyone.    Distinguished guests, it’s a pleasure to be here with you today to talk about New Zealand’s foreign policy reset, the reasons for it, the values that underpin it, and how it ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Delivering 24 hour pothole repairs

    Kiwis and freight operators will benefit from the Coalition Government delivering on its commitment to introduce targets that will ensure a greater number of potholes on our state highways are identified and fixed within 24 hours, Transport Minister Simeon Brown says.  “Increasing productivity to help rebuild our economy is a key ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Peer Support Specialists rolled out in hospitals

    Five hospitals have been selected to trial a new mental health and addiction peer support service in their emergency departments as part of the Government’s commitment to increase access to mental health and addiction support for New Zealanders, says Mental Health Minister Matt Doocey.  “Peer Support Specialists in EDs will ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Consultation opens for the Emissions Reduction Plan

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