Imagine a capital gains tax was in place now as proposed. The Labour Party calculations by Berl Economics on page six estimated an annual price appreciation rate of 3.5%. Using this as a basis, this would give an annual increase in the first twelve months of $8,750 on which tax would later be payable of $1,312.
THIS AMOUNT OF TAX IN THE FIRST YEAR IS THE EQUIVALENT TO $25 PER WEEK.
I would conclude that over time rents would need to adjust by an equivalent amount to maintain the current position, if a similar number of landlords would be expected to facilitate supply of accommodation.
The other major factor which effects Rent levels is interest rates… and they are forecast to rise from later this year. Planning a new tax on landlords to apply 2013 might not be ideal for those who might want to rent housing.
Take away the emotive language and focus on facts. The Average property Investor is not a high income earner and may have one to three properties. Trying to save for retirement so as to ring fence themselves from Government!
Scott Mason, tax principal at WHK in Dunedin, said a move to CGT would be an “absolute, fundamental change to Kiwis’ mind-sets” – developed over more than 100 years.
He said introducing CGT would be a “winner” for valuers, lawyers and accountants, while the “losers” would be “every Kiwi striving to do better for themselves by saving and investing in assets, as opposed to spending in the here and now”.
Dunedin has a unique mix of investment properties with a high proportion of student rentals. If rents get a double whammy from rising interest rates and CGT how much will it impact on Dunedin as an attractive proposition for education?
Students won’t buy properties in Dunedin if landlords decide it’s not worth investing here under CGT.
What does the presumed new Labour MP for Dunedin North think?
Just watched excellent presentation on youtube. David Cunliffe explains how Labour is going to build a fairer future for New Zealand. Superb – and timely.
Good plug for Labour. No consideration for Dunedin North.
Come on David, are you standing for a party or an electorate?
Is National paying you to recycle these discredited FUD arguments all over the internet? This is what I gleaned:
– The wealthy Property Investors Assn wants to keep their tax free speculation profits
– Some people think they have the right to evade their tax obligations
– The suckers buying houses to live in ought to be shafted by a bubble economy and be grateful
– The bank will be stoked to have another Kiwi paying mortgage interest to its Aussie shareholders
– Landlords will be “forced” to put up rent (stop the press! landlord tries to increas rent!)
– It’s all so frightening I MUST USE CAPITAL LETTERS TO EMPHASISE that I might be taxed for money I gained WITHOUT DOING ANYTHING PRODUCTIVE
Breaking News – the President of the Otago Property Investors Assn doesn’t like a CGT!
A CGT closes a great big gaping hole in our tax regime that has enabled people to convert taxable income to non-taxable capital gain and therefore avoid paying tax. This is unfair and is a burden on all other taxpayers.
My previous boss had an annual income of $250,000 p.a. and boasted he never paid more than $10,000 p.a. in tax as he offset his income against his highly geared rental property portfolio.
a move to CGT would be an “absolute, fundamental change to Kiwis’ mind-sets” – developed over more than 100 years.
Sure will – no more using property speculation to avoid income tax.
Need to do a bit more secret squirreling if a couple of quotes from vested interests is the best you can come up with.
A CGT closes a great big gaping hole in our tax regime
But will a CGT with a myriad of little holes do it?
I’ve looked for local comment because a change in emphasis on investment taxation could have a big impact on Dunedin. I’ll happily post different views on it, CGT deserves a good debate.
I don’t like Key dismissing it completely. That’s bad politics.
I’d prefer to see a CGT designed with expert input and wide electorate now, not tweaking or window dressing the final product, and not designed around potential voter groups in a party backroom.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football. Doesn’t it?
But will a CGT with a myriad of little holes do it?
So you’ve agreed that there is a great big gaping hole in the tax regime that needs to be fixed. Not doing anything about it is a bit like not building a dam because you’re worried there might be a few leaks.
I’ll happily post different views on it, CGT deserves a good debate
Go on then do it.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football.
It’s called policy actually and all being well it’s what elections should be won or lost on. Or would you prefer us to elect MPs on their looks or ability to “smile and wave”.
No dam is better than a dam with holes that you have no idea in advance how open they will get.
Policies are important for elections but it’s also important to have faith in those behind the policies, that they will consult and listen and respond, and not just emerge from a party back room with what they think is a vote winner and try to shut off valid criticism and debate.
A debate on something as big and important as a a major tax restructuring should last for more than a couple of weeks, shouldn’t it?
Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting,
“…it’s also important to have faith in those behind the policies, that they will consult and listen and respond…”
Riiiight. Like National do. Or like you do, here. Goodo.
“…and not just emerge from a party back room with what they think is a vote winner…”
It’s becoming apparent that your real problem with a CGT is that you think it’s a vote-winner too.
“Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting”
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons, and if you’re too late to be involved that’s nobody’s fault but yours.
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons
I thought that was referring to the Labour Party, because according to Goff they only started to take notice this year when they decided they need to compete with asset sales policies.
The catalyst for Labour’s support of a capital gains tax was the government’s proposal to sell shares in state-owned assets.
Labour leader Phil Goff said at the launch of his party’s tax policy this afternoon that the proposal was a declaration of intent that effectively called on Labour to find the political courage to map out a better, more viable alternative.
when they decided they need to compete with asset sales policies.
Trying to rely on a one liner to explain why Labour came up with a CGT communicates an ignorance of how policy priorities are chosen and the detailed process needed to forge policy which is strong and workable.
The CGT does a lot more than compete with National’s asset sales agenda, it demonstrates a willingness on Labour’s behalf to rebalance the entire economy and broaden the tax base, a process which Labour has explicitly said will take years.
English and Key on the other hand have a one hit asset sell off. Not much competition really.
And don’t you just cringe when Key and Co, keep on with the “kiwi mums and dads” line. I am a Kiwi Dad I and I don’t have any money saved, So Blinglish is deluding himself if he thinks that we can afford to go out and buy shares willy nilly just so he and his mates can have Tax cuts.
If you bothered to see what he said, you’d know that he praised Labour for bringing CGT up, he criticised them for proposing a holey version, and he criticised National for turning their backs on it.
I’m not going to say “I love Labour’s proposal, there’s nothing at all wrong with it”. That’s not balance, that’s stupidity, which you seem to have woken up with today.
It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.
The real problem in the rental market is not the lack of a CGT but high property values, and perhaps high interest rates, which makes it difficult for landlords to make a normal profit.
[It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.]
It has actually been pointed out to me on another thread that a high rate is not actually needed for CGT to act as a deterrent, and it is clear to me that the pointer outer is correct. So I’m forced to retract all the stuff about a 90% tax rate. lol.
Secret Squirrel, or should I say Pete George..you forget that landlords have been hiking up rents and pricing a lot of people out of rental accommodation (not to mention becoming more choosy about who they rent to) for the past decade or so.
And I shall wager that with the changes to state housing being brought in, and thousands of vulnerable families being kicked off the HNZ waiting lists into the private sector, landlords will be taking that oppurtunity to put up rents even further (of course, the slum-lords union is mysteriously silent about that little issue) than they already are and than they could with a capital gains tax.
Of course, I think that the CGT should be spent on 1) expanding state housing back to pre-1991 levels, 2) higher accomodation supplements, and 3) low interest home loans for people.
In the mail this week: a letter from Anne Tolley stating that
* National plans to cut playcentre funding by 60%
* The govt prefers to fund places with qualified staff
* Submissions close at the end of August
WTF is happening with this nasty attack on community run organisations? Are mothers now required to do a (very expensive) ECE course just to have somewhere to take their kids to play with other children? Does Tolley realise that not everyone can afford fancy preschool daycare or kindergartens?
Can’t find this anywhere on parliament.nz to make a submission.
ropata I guess that Ann Tolley belongs to that school where children are valued for the clever things they can do to impress friends and rellies. That is why it is important to concentrate on the Education in Early Childhood Education. Kids should be forced forward, trained like show ponies, that’s more important than socialisation, confidence, physical skills and the use of ideas, imagination with craftwork all to be enjoyed rather than completed and measured to some standard.
In some Asian countries, I think I have heard recently about South Korea, the children suffer so much if they can’t achieve to their parents expectations that they commit suicide. I think that has been recorded here amongst some PI people. Parents who have not had much schooling themselves, and don’t understand what is involved can pressure their children beyond endurance. I don’t know if this happens particularly with girls, but often they have onerous household and child minding duties as well as trying to do homework and have high test results. I was reading about a NZ pupil on exchange in France, their school went from 8am to as late as 6pm.
Even the Stuff National poll http://www.stuff.co.nz/national/
is coming up with
Partial Asset Sales 46.9%,
Capital gains tax and higher top income tax 53.%
Given the expected bias from an internet poll that has to indicate at least a 10% margin in favour of Labours programme of looking after the many rather than the few.
A while ago, I decided to get some dance lessons. Don’t get me wrong; I can dance already, being a veritable master at the Twist and Funky Chicken. However it’s tap dancing that has always interested me… so I finally paid for some lessons, which are going superbly! There’s still a few months to practice before the big night, and a few spaces left in the tap dance class, so feel free to get your dancing shoes on as well.
Unfortunately polls suggest most people don’t see him that way.
In most of his interviews (and yes, again launching Labour’s CGT) he looks uncomfortable with his message. He looks like he’s saying what he thinks he has to say, and not what he feels and believes.
He’s been in politics long enough to be familiar with dealing with media interviews, so can’t be inexperience.
Goff looks like the party that is dragging him in directions he’s not comfortable with. He doesn’t look like he believes in what he’s saying.
Pretty large assumptions to make there SS. It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today. The right wing program even said the CGT would apply to Christchurch houses, when they will initially be exempt. It’s one thing to tell only one side of the story, but to blatantly lie about a political parties policies is not acceptable.
It is Labour’s policies that people will vote for. There is already overwhelming support for the well constructed CGT from a wide range of the community. Such a tax will make many speculators vote National, and many more poor people vote Labour. There are more poor people than wealthy, National has made sure of that.
The other side of the coin is that people will now vote against National, because they have failed to deliver any of their promises. You can harp on about Goff’s mannerisms all you like SS, they beat John Key’s lies and failure hands down.
It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today.
Interesting comment jackal.
I noted on Thursday evening’s TV1 and TV3 news programmes (immediately after Labour’s announcement) that TV3’s coverage was much fairer and more balanced than TV1. In fact TV1’s coverage was blatantly partisan against Labour and the CGT tax. It suggests to me that the problem is not the respective TV stations as such, but rather the personnel who run the individual news and current affairs programmes.
Yeah but don’t forget that SS or Pete or what ever nom de plume he’s using at the moment, has had to stoop to name calling, because every other argument he tries to start is met with solid FACTS. See SS or Pete, FACTS not guesswork, or as in the case of Blinglish and KY Prayer. As in don’t have one!
This morning Kim on radionz was interviewing author –
Gerald Seymour: thrills and terror
British writer Gerald Seymour worked for many years as an international news reporter. His first thriller, ‘Harry’s Game’, was published in 1975; he has since written a further 25 bestsellers. His new book is ‘A Deniable Death’. (44′11″)
Interesting chap. He talked about the Balkans and the plight of the Muslims in the area affected by the Serbs’ rush of blood to the head and feet, and how hard it would be to improve the survivors’ life to normality, perhaps never in their lifetime. He wrote Harry’s Game about Northern Ireland and how violence is breaking out there again. (It was probably depression from seeing the infighting of Greek partisans once the Germans were dealt with that led to John Mulgan taking his life.) Old enmities, old traditions allowed to fester need cleaning out with a new mindset, a different approach to contested traditions.
Then Joky Hen says he isn’t interested in making any changes to the loyalty oath in our parliament because it is long-standing. Making small changes that allow for better relationships and meet ideas of fairness are necessary by wise, intelligent leaders of society. Which Joky Hen isn’t.
Intermittent signal July 2011/4 (last11/7)
People in NZ doing things with ideas for a good future here.
Radio NZ today – Country Life Making a Lifestyle Block Make Money
The Madsens own a beautiful home in a cluster of lifestyle blocks in North Auckland. They have a few pigs and a sheep on their one hectare of land. So far, so ordinary. But the couple have built a unique way of life by turning the idea of the unproductive lifestyle block on its head. They run a herd of 150 cattle, over a number of blocks. (duration: 11′23″)
Download: Ogg Vorbis MP3
and A New Home for Koanga Institute and Gardens
For the past 25 years Kay Baxter and her husband Bob Corker have been saving New Zealand’s heritage fruit trees and vegetables at Koanga Gardens in Kaiwaka. But five years ago they decided they needed a new place to live so have found a new home near Wairoa where they’re developing a Community Land Trust which they hope will support up to 30 families. (duration: 22′03″)
Download: Ogg Vorbis MP3
and Wool Based Disposable Nappies
Potroz-Smith Technologies is developing a super absorbent wool-based material called NatraZorb, to be used in disposable nappies, amongst other things. Derelee Potroz-Smith says the idea started on her family’s Taranaki farm with romney sheep. (duration: 6′11″)
Download: Ogg Vorbis MP3
Wasn’t Citizen A amusing last night. Cameron Slater squirming when put on the rack concerning his infamous gut shot comments re Arie Smith-Voorkamp was priceless. But then the ignoramus AKA Whaleoil made a most interesting revelation, which seems strange in context to his normal campaign of disinformation…
Personally I think that there will be a deal to raise the debt ceiling, and that a crisis will be averted. However it will involve slashing what is left of the USA’s social safety net and public sector. And quite a few more people will consigned into hardship, or worse. But really, what’s a few more in the scheme of things.
40 years ago, only Nixon could go to China. Now in 2011, only Obama could cut Social Security (and Medicare)
Republicans and Democrats are two sides of the same coin.
One possible outcome is that they increase the Federal Debt Limit but with no changes to entitlements or tax increases i.e. they just kick the can a bit further down the road. What do you reckon the chances are?
Unemployment is skyrocketing among Maori youth, yet tribal leaders would rather employ fishing boat crews from overseas instead of purchasing their own boats and training up their young people to crew them.
Im guessing they would rather use the profits to dish out scholarships to family members and buy BMW’s.
If Hone wants any modicum of respect, then he should be highlighting this issue, instead of throwing his toys when he doesn’t get is own way when he is sworn in.
So the thin blue line (aka ‘the filth’) have performed another summary execution when they gunned down an admittedly troublesome person at the Headlands Hotel according to media reports….
“I am able to confirm that the man was challenged, a dog deployed, there was a struggle and Police discharged a firearm.”
The man died at the scene.
The police shot was the only shot fired, he said.
The man’s gun had not yet been found.
A knife was found near his body, Mr Handcock said.”
What are tasers and pepper for? Oh thats right, they are to ensure compliance not end this sort of situation in a non lethal way. The fact is whenever the pigs draw a firearm prepare to die as they are trained to aim at the torso only, ie shoot to kill. Fer crissakes they had 30 plus special coppers hanging around and it just looks like a grotesque training exercise given the forces involved.
The stand-off began last night, when Ratahi stormed into the hotel’s restaurant and pulled out a rifle.
“He was yelling at us to get out and I just yelled at the girls to move, move, move and we all ran for the front door,” said witness Kathy Muggeridge.
“As soon as the guy saw police approaching he pulled out a gun and that was when he pointed it … and told us to go.”
Witnesses said they saw the gunman beating up a waitress and dragging her across the floor.
Inspector Pat Handcock told media the man was shot once and died at the scene. He was armed with what was thought to be a handgun.
Ratahi has previously been charged with assaulting a woman using a knife and injuring with intent to cause grievous bodily harm.
Early this morning, the man could be heard yelling at police.
”You come over here, sonny boy – I’ll shoot you first,” he said.
Yeah thats right when someones got a firearm its reasonable to use a taser and pepper spray on them
I know this might be a foriegn concept but maybe in future:
Don’t kidnap people
Don’t beat up women (actually don’t beat up anybody)
Don’t threaten people with a firearm
Don’t threaten the police with a firearm
Give yourself up when challenged by the police
It is really difficult to follow the logic of John Key & the Nats in relation to a CGT. Is the guy actually thinking lucidly or groping around for some solid arguments against the tax.
I heard him on the radio today stating how ‘NZ needs more tax payers, not a new tax’. Has it escaped his attention that a CGT is about broadening the tax base and bringing into the tax system parts of the economy which are not taxed at present. Ipso facto, more tax payers.
On the news tonight Bill English states that people not paying tax on income earned is ok whereas the likes of Selwyn pellett and Gareth Morgan are both saying they should be paying tax on hitherto untaxed profits.
The Nats have really struggling to be coherent at the moment.
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Today is a special member's morning, scheduled to make up for the government's theft of member's days throughout the year. First up was the first reading of Greg Fleming's Crimes (Increased Penalties for Slavery Offences) Amendment Bill, which was passed unanimously. Currently the House is debating the third reading of ...
We're going backwardsIgnoring the realitiesGoing backwardsAre you counting all the casualties?We are not there yetWhere we need to beWe are still in debtTo our insanitiesSongwriter: Martin Gore Read more ...
Willis blamed Treasury for changing its productivity assumptions and Labour’s spending increases since Covid for the worsening Budget outlook. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Wednesday, December 18 in The Kākā’s Dawn Chorus podcast above ...
Today the Auckland Transport board meet for the last time this year. For those interested (and with time to spare), you can follow along via this MS Teams link from 10am. I’ve taken a quick look through the agenda items to see what I think the most interesting aspects are. ...
Hi,If you’re a New Zealander — you know who Mike King is. He is the face of New Zealand’s battle against mental health problems. He can be loud and brash. He raises, and is entrusted with, a lot of cash. Last year his “I Am Hope” charity reported a revenue ...
Probably about the only consolation available from yesterday’s unveiling of the Half-Yearly Economic and Fiscal Update (HYEFU) is that it could have been worse. Though Finance Minister Nicola Willis has tightened the screws on future government spending, she has resisted the calls from hard-line academics, fiscal purists and fiscal hawks ...
The right have a stupid saying that is only occasionally true:When is democracy not democracy? When it hasn’t been voted on.While not true in regards to branches of government such as the judiciary, it’s a philosophy that probably should apply to recently-elected local government councillors. Nevertheless, this concept seemed to ...
Long story short: the Government’s austerity policy has driven the economy into a deeper and longer recession that means it will have to borrow $20 billion more over the next four years than it expected just six months ago. Treasury’s latest forecasts show the National-ACT-NZ First Government’s fiscal strategy of ...
Come and join myself and CTU Chief Economist for a pop-up ‘Hoon’ webinar on the Government’s Half Yearly Economic and Fiscal Update (HYEFU) with paying subscribers to The Kākā for 30 minutes at 5 pm today.Jump on this link on YouTube Livestream to watch our chat. Don’t worry if ...
In 1998, in the wake of the Paremoremo Prison riot, the Department of Corrections established the "Behaviour Management Regime". Prisoners were locked in their cells for 22 or 23 hours a day, with no fresh air, no exercise, no social contact, no entertainment, and in some cases no clothes and ...
New data released by the Treasury shows that the economic policies of this Government have made things worse in the year since they took office, said NZCTU Economist Craig Renney. “Our fiscal indicators are all heading in the wrong direction – with higher levels of debt, a higher deficit, and ...
At the 2023 election, National basically ran on a platform of being better economic managers. So how'd that turn out for us? In just one year, they've fucked us for two full political terms: The government's books are set to remain deeply in the red for the near term ...
AUSTERITYText within this block will maintain its original spacing when publishedMy spreadsheet insists This pain leads straight to glory (File not found) Read more ...
The NZCTU Te Kauae Kaimahi are saying that the Government should do the right thing and deliver minimum wage increases that don’t see workers fall further behind, in response to today’s announcement that the minimum wage will only be increased by 1.5%, well short of forecast inflation. “With inflation forecast ...
Oh, I weptFor daysFilled my eyesWith silly tearsOh, yeaBut I don'tCare no moreI don't care ifMy eyes get soreSongwriters: Paul Rodgers / Paul Kossoff. Read more ...
This is a re-post from Yale Climate Connections by Bob HensonIn this aerial view, fingers of meltwater flow from the melting Isunnguata Sermia glacier descending from the Greenland Ice Sheet on July 11, 2024, near Kangerlussuaq, Greenland. According to the Programme for Monitoring of the Greenland Ice Sheet (PROMICE), the ...
In August, I wrote an article about David Seymour1 with a video of his testimony, to warn that there were grave dangers to his Ministry of Regulation:David Seymour's Ministry of Slush Hides Far Greater RisksWhy Seymour's exorbitant waste of taxpayers' money could be the least of concernThe money for Seymour ...
Willis is expected to have to reveal the bitter fiscal fruits of her austerity strategy in the HYEFU later today. Photo: Lynn Grieveson/TheKakaMōrena. Long stories short, the six things that matter in Aotearoa’s political economy around housing, climate and poverty on Tuesday, December 17 in The Kākā’s Dawn Chorus podcast ...
On Friday the government announced it would double the number of toll roads in New Zealand as well as make a few other changes to how toll roads are used in the country. The real issue though is not that tolling is being used but the suggestion it will make ...
The Prime Minister yesterday engaged in what looked like a pre-emptive strike designed to counter what is likely to be a series of depressing economic statistics expected before the end of the week. He opened his weekly post-Cabinet press conference with a recitation of the Government’s achievements. “It certainly has ...
This whooping cough story from south Auckland is a good example of the coalition government’s approach to social need – spend money on urging people to get vaccinated but only after you’ve cut the funding to where they could get vaccinated. This has been the case all year with public ...
And if there is a GodI know he likes to rockHe likes his loud guitarsHis spiders from MarsAnd if there is a GodI know he's watching meHe likes what he seesBut there's trouble on the breezeSongwriter: William Patrick Corgan Read more ...
Here’s a quick round up of today’s political news:1. MORE FOOD BANKS, CHARITIES, DOMESTIC VIOLENCE SHELTERS AND YOUTH SOCIAL SERVICES SET TO CLOSE OR SCALE BACK AROUND THE COUNTRY AS GOVT CUTS FUNDINGSome of Auckland's largest foodbanks are warning they may need to close or significantly reduce food parcels after ...
Iain Rennie, CNZMSecretary and Chief Executive to the TreasuryDear Secretary, Undue restrictions on restricted briefings This week, the Treasury barred representatives from four organisations, including the New Zealand Council of Trade Unions Te Kauae Kaimahi, from attending the restricted briefing for the Half-Year Economic and Fiscal Update. We had been ...
This is a guest post by Tim Adriaansen, a community, climate, and accessibility advocate.I won’t shut up about climate breakdown, and whenever possible I try to shift the focus of a climate conversation towards solutions. But you’ll almost never hear me give more than a passing nod to ...
A grassroots backlash has forced a backdown from Brown, but he is still eyeing up plenty of tolls for other new roads. And the pressure is on Willis to ramp up the Government’s austerity strategy. Photo: Getty ImagesMōrena. Long stories short, the six things that matter in Aotearoa’s political economy ...
Hi all,I'm pretty overwhelmed by all your messages and emails today; thank you so very much.As much as my newsletter this morning was about money, and we all need to earn money, it was mostly about world domination if I'm honest. 😉I really hate what’s happening to our country, and ...
A listing of 23 news and opinion articles we found interesting and shared on social media during the past week: Sun, December 8, 2024 thru Sat, December 14, 2024. Listing by Category Like last week's summary this one contains the list of articles twice: based on categories and based on ...
I started writing this morning about Hobson’s Pledge, examining the claims they and their supporters make, basically ripping into them. But I kept getting notifications coming through, and not good ones.Each time I looked up, there was another un-subscription message, and I felt a bit sicker at the thought of ...
Once, long before there was Harry and Meghan and Dodi and all those episodes of The Crown, they came to spend some time with us, Charles and Diana. Was there anyone in the world more glamorous than the Princess of Wales?Dazzled as everyone was by their company, the leader of ...
National has only been in power for a year, but everywhere you look, its choices are taking New Zealand a long way backwards. In no particular order, here are the National Government's Top 50 Greatest Misses of its first year in power. ...
The Government is quietly undertaking consultation on the dangerous Regulatory Standards Bill over the Christmas period to avoid too much attention. ...
The Government’s planned changes to the freedom of speech obligations of universities is little more than a front for stoking the political fires of disinformation and fear, placing teachers and students in the crosshairs. ...
The Ministry of Regulation’s report into Early Childhood Education (ECE) in Aotearoa raises serious concerns about the possibility of lowering qualification requirements, undermining quality and risking worse outcomes for tamariki, whānau, and kaiako. ...
A Bill to modernise the role of Justices of the Peace (JP), ensuring they remain active in their communities and connected with other JPs, has been put into the ballot. ...
Labour will continue to fight unsustainable and destructive projects that are able to leap-frog environment protection under National’s Fast-track Approvals Bill. ...
The Green Party has warned that a Green Government will revoke the consents of companies who override environmental protections as part of Fast-Track legislation being passed today. ...
The Green Party says the Half Year Economic and Fiscal Update shows how the Government is failing to address the massive social and infrastructure deficits our country faces. ...
The Government’s latest move to reduce the earnings of migrant workers will not only hurt migrants but it will drive down the wages of Kiwi workers. ...
Te Pāti Māori has this morning issued a stern warning to Fast-Track applicants with interests in mining, pledging to hold them accountable through retrospective liability and to immediately revoke Fast-Track consents under a future Te Pāti Māori government. This warning comes ahead of today’s third reading of the Fast-Track Approvals ...
The Government’s announcement today of a 1.5 per cent increase to minimum wage is another blow for workers, with inflation projected to exceed the increase, meaning it’s a real terms pay reduction for many. ...
All the Government has achieved from its announcement today is to continue to push responsibility back on councils for its own lack of action to help bring down skyrocketing rates. ...
The Government has used its final post-Cabinet press conference of the year to punch down on local government without offering any credible solutions to the issues our councils are facing. ...
The Government has failed to keep its promise to ‘super charge’ the EV network, delivering just 292 chargers - less than half of the 670 chargers needed to meet its target. ...
The Green Party is calling for the Government to stop subsidising the largest user of the country’s gas supplies, Methanex, following a report highlighting the multi-national’s disproportionate influence on energy prices in Aotearoa. ...
The Green Party is appalled with the Government’s new child poverty targets that are based on a new ‘persistent poverty’ measure that could be met even with an increase in child poverty. ...
New independent analysis has revealed that the Government’s Emissions Reduction Plan (ERP) will reduce emissions by a measly 1 per cent by 2030, failing to set us up for the future and meeting upcoming targets. ...
The loss of 27 kaimahi at Whakaata Māori and the end of its daily news bulletin is a sad day for Māori media and another step backwards for Te Tiriti o Waitangi justice. ...
Yesterday the Government passed cruel legislation through first reading to establish a new beneficiary sanction regime that will ultimately mean more households cannot afford the basic essentials. ...
Today's passing of the Government's Residential Tenancies Amendment Bill–which allows landlords to end tenancies with no reason–ignores the voice of the people and leaves renters in limbo ahead of the festive season. ...
After wasting a year, Nicola Willis has delivered a worse deal for the Cook Strait ferries that will end up being more expensive and take longer to arrive. ...
Green Party co-leader Chlöe Swarbrick has today launched a Member’s Bill to sanction Israel for its unlawful presence in the Occupied Palestinian Territory, as the All Out For Gaza rally reaches Parliament. ...
After years of advocacy, the Green Party is very happy to hear the Government has listened to our collective voices and announced the closure of the greyhound racing industry, by 1 August 2026. ...
In response to a new report from ERO, the Government has acknowledged the urgent need for consistency across the curriculum for Relationship and Sexuality Education (RSE) in schools. ...
The Green Party is appalled at the Government introducing legislation that will make it easier to penalise workers fighting for better pay and conditions. ...
Thank you for the invitation to speak with you tonight on behalf of the political party I belong to - which is New Zealand First. As we have heard before this evening the Kinleith Mill is proposing to reduce operations by focusing on pulp and discontinuing “lossmaking paper production”. They say that they are currently consulting on the plan to permanently shut ...
Auckland Central MP, Chlöe Swarbrick, has written to Mayor Wayne Brown requesting he stop the unnecessary delays on St James Theatre’s restoration. ...
Kiwis planning a swim or heading out on a boat this summer should remember to stop and think about water safety, Sport & Recreation Minister Chris Bishop and ACC and Associate Transport Minister Matt Doocey say. “New Zealand’s beaches, lakes and rivers are some of the most beautiful in the ...
The Government is urging Kiwis to drive safely this summer and reminding motorists that Police will be out in force to enforce the road rules, Transport Minister Simeon Brown says.“This time of year can be stressful and result in poor decision-making on our roads. Whether you are travelling to see ...
Health Minister Dr Shane Reti says Health New Zealand will move swiftly to support dozens of internationally-trained doctors already in New Zealand on their journey to employment here, after a tripling of sought-after examination places. “The Medical Council has delivered great news for hardworking overseas doctors who want to contribute ...
Prime Minister Christopher Luxon has appointed Sarah Ottrey to the APEC Business Advisory Council (ABAC). “At my first APEC Summit in Lima, I experienced firsthand the role that ABAC plays in guaranteeing political leaders hear the voice of business,” Mr Luxon says. “New Zealand’s ABAC representatives are very well respected and ...
Prime Minister Christopher Luxon has announced four appointments to New Zealand’s intelligence oversight functions. The Honourable Robert Dobson KC has been appointed Chief Commissioner of Intelligence Warrants, and the Honourable Brendan Brown KC has been appointed as a Commissioner of Intelligence Warrants. The appointments of Hon Robert Dobson and Hon ...
Improvements in the average time it takes to process survey and title applications means housing developments can progress more quickly, Minister for Land Information Chris Penk says. “The government is resolutely focused on improving the building and construction pipeline,” Mr Penk says. “Applications to issue titles and subdivide land are ...
The Government’s measures to reduce airport wait times, and better transparency around flight disruptions is delivering encouraging early results for passengers ahead of the busy summer period, Transport Minister Simeon Brown says. “Improving the efficiency of air travel is a priority for the Government to give passengers a smoother, more reliable ...
The Government today announced the intended closure of the Apollo Hotel as Contracted Emergency Housing (CEH) in Rotorua, Associate Housing Minister Tama Potaka says. This follows a 30 per cent reduction in the number of households in CEH in Rotorua since National came into Government. “Our focus is on ending CEH in the Whakarewarewa area starting ...
The Government will reshape vocational education and training to return decision making to regions and enable greater industry input into work-based learning Tertiary Education and Skills Minister, Penny Simmonds says. “The redesigned system will better meet the needs of learners, industry, and the economy. It includes re-establishing regional polytechnics that ...
The Government is taking action to better manage synthetic refrigerants and reduce emissions caused by greenhouse gases found in heating and cooling products, Environment Minister Penny Simmonds says. “Regulations will be drafted to support a product stewardship scheme for synthetic refrigerants, Ms. Simmonds says. “Synthetic refrigerants are found in a ...
People travelling on State Highway 1 north of Hamilton will be relieved that remedial works and safety improvements on the Ngāruawāhia section of the Waikato Expressway were finished today, with all lanes now open to traffic, Transport Minister Simeon Brown says.“I would like to acknowledge the patience of road users ...
Tertiary Education and Skills Minister, Penny Simmonds, has announced a new appointment to the board of Education New Zealand (ENZ). Dr Erik Lithander has been appointed as a new member of the ENZ board for a three-year term until 30 January 2028. “I would like to welcome Dr Erik Lithander to the ...
The Government will have senior representatives at Waitangi Day events around the country, including at the Waitangi Treaty Grounds, but next year Prime Minister Christopher Luxon has chosen to take part in celebrations elsewhere. “It has always been my intention to celebrate Waitangi Day around the country with different ...
Two more criminal gangs will be subject to the raft of laws passed by the Coalition Government that give Police more powers to disrupt gang activity, and the intimidation they impose in our communities, Police Minister Mark Mitchell says. Following an Order passed by Cabinet, from 3 February 2025 the ...
Attorney-General Judith Collins today announced the appointment of Justice Christian Whata as a Judge of the Court of Appeal. Justice Whata’s appointment as a Judge of the Court of Appeal will take effect on 1 August 2025 and fill a vacancy created by the retirement of Hon Justice David Goddard on ...
The latest economic figures highlight the importance of the steps the Government has taken to restore respect for taxpayers’ money and drive economic growth, Finance Minister Nicola Willis says. Data released today by Stats NZ shows Gross Domestic Product fell 1 per cent in the September quarter. “Treasury and most ...
Tertiary Education and Skills Minister Penny Simmonds and Associate Minister of Education David Seymour today announced legislation changes to strengthen freedom of speech obligations on universities. “Freedom of speech is fundamental to the concept of academic freedom and there is concern that universities seem to be taking a more risk-averse ...
Police Minister, Mark Mitchell, and Internal Affairs Minister, Brooke van Velden, today launched a further Public Safety Network cellular service that alongside last year’s Cellular Roaming roll-out, puts globally-leading cellular communications capability into the hands of our emergency responders. The Public Safety Network’s new Cellular Priority service means Police, Wellington ...
State Highway 1 through the Mangamuka Gorge has officially reopened today, providing a critical link for Northlanders and offering much-needed relief ahead of the busy summer period, Transport Minister Simeon Brown says.“The Mangamuka Gorge is a vital route for Northland, carrying around 1,300 vehicles per day and connecting the Far ...
The Government has welcomed decisions by the NZ Transport Agency (NZTA) and Ashburton District Council confirming funding to boost resilience in the Canterbury region, with construction on a second Ashburton Bridge expected to begin in 2026, Transport Minister Simeon Brown says. “Delivering a second Ashburton Bridge to improve resilience and ...
The Government is backing the response into high pathogenic avian influenza (HPAI) in Otago, Biosecurity Minister Andrew Hoggard says. “Cabinet has approved new funding of $20 million to enable MPI to meet unbudgeted ongoing expenses associated with the H7N6 response including rigorous scientific testing of samples at the enhanced PC3 ...
Legislation that will repeal all advertising restrictions for broadcasters on Sundays and public holidays has passed through first reading in Parliament today, Media Minister Paul Goldsmith says. “As a growing share of audiences get their news and entertainment from streaming services, these restrictions have become increasingly redundant. New Zealand on ...
Today the House agreed to Brendan Horsley being appointed Inspector-General of Defence, Justice Minister Paul Goldsmith says. “Mr Horsley’s experience will be invaluable in overseeing the establishment of the new office and its support networks. “He is currently Inspector-General of Intelligence and Security, having held that role since June 2020. ...
Minister of Internal Affairs Brooke van Velden says the Government has agreed to the final regulations for the levy on insurance contracts that will fund Fire and Emergency New Zealand from July 2026. “Earlier this year the Government agreed to a 2.2 percent increase to the rate of levy. Fire ...
The Government is delivering regulatory relief for New Zealand businesses through changes to the Anti-Money Laundering and Countering Financing of Terrorism Act. “The Anti-Money Laundering and Countering Financing of Terrorism Amendment Bill, which was introduced today, is the second Bill – the other being the Statutes Amendment Bill - that ...
Transport Minister Simeon Brown has welcomed further progress on the Hawke’s Bay Expressway Road of National Significance (RoNS), with the NZ Transport Agency (NZTA) Board approving funding for the detailed design of Stage 1, paving the way for main works construction to begin in late 2025.“The Government is moving at ...
The Government today released a request for information (RFI) to seeking interest in partnerships to plant trees on Crown-owned land with low farming and conservation value (excluding National Parks) Forestry Minister Todd McClay announced. “Planting trees on Crown-owned land will drive economic growth by creating more forestry jobs in our regions, providing more wood ...
Court timeliness, access to justice, and improving the quality of existing regulation are the focus of a series of law changes introduced to Parliament today by Associate Minister of Justice Nicole McKee. The three Bills in the Regulatory Systems (Justice) Amendment Bill package each improve a different part of the ...
A total of 41 appointments and reappointments have been made to the 12 community trusts around New Zealand that serve their regions, Associate Finance Minister Shane Jones says. “These trusts, and the communities they serve from the Far North to the deep south, will benefit from the rich experience, knowledge, ...
The Government has confirmed how it will provide redress to survivors who were tortured at the Lake Alice Psychiatric Hospital Child and Adolescent Unit (the Lake Alice Unit). “The Royal Commission of Inquiry into Abuse in Care found that many of the 362 children who went through the Lake Alice Unit between 1972 and ...
It has been a busy, productive year in the House as the coalition Government works hard to get New Zealand back on track, Leader of the House Chris Bishop says. “This Government promised to rebuild the economy, restore law and order and reduce the cost of living. Our record this ...
“Accelerated silicosis is an emerging occupational disease caused by unsafe work such as engineered stone benchtops. I am running a standalone consultation on engineered stone to understand what the industry is currently doing to manage the risks, and whether further regulatory intervention is needed,” says Workplace Relations and Safety Minister ...
Mehemea he pai mō te tangata, mahia – if it’s good for the people, get on with it. Enhanced reporting on the public sector’s delivery of Treaty settlement commitments will help improve outcomes for Māori and all New Zealanders, Māori Crown Relations Minister Tama Potaka says. Compiled together for the ...
Mr Roger Holmes Miller and Ms Tarita Hutchinson have been appointed to the Charities Registration Board, Community and Voluntary Sector Minister Louise Upston says. “I would like to welcome the new members joining the Charities Registration Board. “The appointment of Ms Hutchinson and Mr Miller will strengthen the Board’s capacity ...
More building consent and code compliance applications are being processed within the statutory timeframe since the Government required councils to submit quarterly data, Building and Construction Minister Chris Penk says. “In the midst of a housing shortage we need to look at every step of the build process for efficiencies ...
Mental Health Minister Matt Doocey is proud to announce the first three recipients of the Government’s $10 million Mental Health and Addiction Community Sector Innovation Fund which will enable more Kiwis faster access to mental health and addiction support. “This fund is part of the Government’s commitment to investing in ...
New Zealand is providing Vanuatu assistance following yesterday's devastating earthquake, Foreign Minister Winston Peters says. "Vanuatu is a member of our Pacific family and we are supporting it in this time of acute need," Mr Peters says. "Our thoughts are with the people of Vanuatu, and we will be ...
The Government welcomes the Commerce Commission’s plan to reduce card fees for Kiwis by an estimated $260 million a year, Commerce and Consumer Affairs Minister Andrew Bayly says.“The Government is relentlessly focused on reducing the cost of living, so Kiwis can keep more of their hard-earned income and live a ...
Regulation Minister David Seymour has welcomed the Early Childhood Education (ECE) regulatory review report, the first major report from the Ministry for Regulation. The report makes 15 recommendations to modernise and simplify regulations across ECE so services can get on with what they do best – providing safe, high-quality care ...
The Government‘s Offshore Renewable Energy Bill to create a new regulatory regime that will enable firms to construct offshore wind generation has passed its first reading in Parliament, Energy Minister Simeon Brown says.“New Zealand currently does not have a regulatory regime for offshore renewable energy as the previous government failed ...
Summer reissue: Joy Cowley reveals her enthralling life story, from a difficult childhood, to getting drunk with Roald Dahl, to encountering an Arctic polar bear. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and ...
Summer reissue: Alex Casey chats to Nadia Lim and Carlos Bagrie about the challenges of life on a 1,200-acre farm in Central Otago, and why they continue to share it with the nation in Nadia’s Farm. The Spinoff needs to double the number of paying members we have to continue ...
Summer reissue: Dominion Road has made a name for itself as a destination for authentic, regionally-specific Chinese food. How did it get here?The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign ...
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By Emma Andrews, Henare te Ua Māori journalism intern at RNZ News From being the headline to creating them, Moana Maniapoto has walked a rather rocky road of swinging between both sides of the media. Known for her award-winning current affairs show Te Ao with Moana on Whakaata Māori, and ...
Kick Back has growing concerns about the impact that denying young people access to shelter is having on the mental health and physical safety of the young people we serve. ...
By Litia Cava, FBC News multimedia journalist Fiji Prime Minister Sitiveni Rabuka has revealed how arms and ammunition used to conduct the 1987 military coup were secretly brought into Fiji on board a naval survey ship. Speaking at the commissioning of a new research vessel for the Lands and Mineral ...
Youth advocates are worried tighter rules for emergency housing could lead to someone dying due to the impacts on mental health and physical safety for those denied shelter. ...
“We urge the Health Select Committee to extend the date for submissions,” concluded Rev Bush. “There is too much at stake to leave the outcome of this review only in the hands of politicians or those with vested interests.” ...
A separate passport, citizenship and membership of the United Nations are only available to fully independent nations, Winston Peters' office says. ...
By Emma Andrews, Henare te Ua Māori Journalism Intern at RNZ News The New Zealand fuel company Z Energy is swapping out street names for “correct” kupu on service stops around the country, with the help of local hapū. When Z took over 226 fuel sites from Shell in 2010, ...
Summer reissue: Was it a false measurement, a full-blown conspiracy or just some mild incompetence? Mad Chapman uncovers the truth of Maddi Wesche’s final throw. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and ...
Source: The Conversation (Au and NZ) – By Julie Old, Associate Professor, Biology, Zoology, Animal Science, Western Sydney University Dmitry Chulov, Shutterstock At this time of year, images of reindeer are everywhere. I’ve had a soft spot for reindeer ever since I was a little girl. Doesn’t everyone? ...
Source: The Conversation (Au and NZ) – By Grozdana Manalo, Career Services Manager (Education), University of Sydney hedgehog94/Shutterstock Getting casual work over summer, or a part-time job that you might continue once your tertiary course starts, can be a great way to get workplace experience and earn some extra ...
Source: The Conversation (Au and NZ) – By Ty Ferguson, Research associate in exercise, nutrition and activity, University of South Australia Peera_Stockfoto/Shutterstock It’s never been easier to stay connected to work. Even when we’re on leave, our phones and laptops keep us tethered. Many of us promise ourselves we ...
The NZ Media Council upheld the complaint under principle four: comment and fact On 5 September 2024, The Spinoff published a brief article titled Made in Palestine, found in 1970s Hastings, which highlighted an upcoming art exhibition featuring photographs of vintage cosmetic products labelled “Made in Palestine.” The piece, described ...
Source: The Conversation (Au and NZ) – By Kasey Symons, Lecturer of Communication, Sports Media, Deakin University We are well and truly in cricket season. The Australian men’s cricket team is taking centre stage against India in the Border Gavaskar Trophy series while the Big Bash League is underway, as ...
Source: The Conversation (Au and NZ) – By Andrew Woods, Lecturer, Nursing, Faculty of Health, Southern Cross University FTiare/Shutterstock Summer is here and for many that means going to the beach. You grab your swimmers, beach towel and sunscreen then maybe check the weather forecast. Did you think to ...
Source: The Conversation (Au and NZ) – By Saman Khalesi, Senior Lecturer and Discipline Lead in Nutrition, School of Health, Medical and Applied Sciences, CQUniversity Australia Dean Clarke/Shutterstock The holiday season can be a time of joy, celebration, and indulgence in delicious foods and meals. However, for many, it ...
Source: The Conversation (Au and NZ) – By Ari Mattes, Lecturer in Communications and Media, University of Notre Dame Australia Late Night With The Devil. Maslow Entertainment Marketing is critical to the success of commercial films, and companies will often spend half as much again on top of the ...
Source: The Conversation (Au and NZ) – By Francisco Jose Testa, Lecturer in Earth Sciences (Mineralogy, Petrology & Geochemistry), University of Tasmania The Conversation As a kid, it was tough for me to grasp the massive time scale of Earth’s history. Now, with nearly two decades of experience as ...
Te Pāti Māori has had to adopt a new way of debating, operating and even thinking in Parliament in response to the Government’s “onslaught” against te ao Māori, co-leader Debbie Ngarewa-Packer says.In an end-of-year interview with Newsroom, the Te Tai Hauauru MP reflected on how 2024 has differed from her ...
Opinion: The latest Trends in International Mathematics and Science report was announced earlier this month, yet it didn’t get the flurry of media attention and political hand-wringing that typically accompanies these announcements. This might be because it presented good news, or you could argue, no news; the results paint a ...
NewsroomBy Dr Lisa Darragh, Dr Raewyn Eden and Dr David Pomeroy
At long last, The Spinoff shells out for a nut ranking. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up to be a member today.It recently came to The Spinoff’s attention ...
I was one of hundreds of people who lost my government job this week. Here’s exactly how it played out. The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up to be a ...
Summer reissue: One anxiously attentive passenger pays attention to an in-flight safety video, and wonders ‘Why can’t I pick up my own phone?’ The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up ...
Summer reissue: Why do those Lange-Douglas years cast such a long shadow 40 years on? The Spinoff needs to double the number of paying members we have to continue telling these kinds of stories. Please read our open letter and sign up to be a member today. First published June ...
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Dunedin reactions to proposed CGT:
CGT + interest rate rise = rent rise (++)
Dunedin has a unique mix of investment properties with a high proportion of student rentals. If rents get a double whammy from rising interest rates and CGT how much will it impact on Dunedin as an attractive proposition for education?
Students won’t buy properties in Dunedin if landlords decide it’s not worth investing here under CGT.
What does the presumed new Labour MP for Dunedin North think?
Good plug for Labour. No consideration for Dunedin North.
Come on David, are you standing for a party or an electorate?
Is National paying you to recycle these discredited FUD arguments all over the internet? This is what I gleaned:
– The wealthy Property Investors Assn wants to keep their tax free speculation profits
– Some people think they have the right to evade their tax obligations
– The suckers buying houses to live in ought to be shafted by a bubble economy and be grateful
– The bank will be stoked to have another Kiwi paying mortgage interest to its Aussie shareholders
– Landlords will be “forced” to put up rent (stop the press! landlord tries to increas rent!)
– It’s all so frightening I MUST USE CAPITAL LETTERS TO EMPHASISE that I might be taxed for money I gained WITHOUT DOING ANYTHING PRODUCTIVE
Breaking News – the President of the Otago Property Investors Assn doesn’t like a CGT!
A CGT closes a great big gaping hole in our tax regime that has enabled people to convert taxable income to non-taxable capital gain and therefore avoid paying tax. This is unfair and is a burden on all other taxpayers.
My previous boss had an annual income of $250,000 p.a. and boasted he never paid more than $10,000 p.a. in tax as he offset his income against his highly geared rental property portfolio.
Sure will – no more using property speculation to avoid income tax.
Need to do a bit more secret squirreling if a couple of quotes from vested interests is the best you can come up with.
A CGT closes a great big gaping hole in our tax regime
But will a CGT with a myriad of little holes do it?
I’ve looked for local comment because a change in emphasis on investment taxation could have a big impact on Dunedin. I’ll happily post different views on it, CGT deserves a good debate.
I don’t like Key dismissing it completely. That’s bad politics.
I’d prefer to see a CGT designed with expert input and wide electorate now, not tweaking or window dressing the final product, and not designed around potential voter groups in a party backroom.
A fundamental change to our tax system like this deserves far more than being an election year bribe and scare football. Doesn’t it?
So you’ve agreed that there is a great big gaping hole in the tax regime that needs to be fixed. Not doing anything about it is a bit like not building a dam because you’re worried there might be a few leaks.
Go on then do it.
It’s called policy actually and all being well it’s what elections should be won or lost on. Or would you prefer us to elect MPs on their looks or ability to “smile and wave”.
No dam is better than a dam with holes that you have no idea in advance how open they will get.
Policies are important for elections but it’s also important to have faith in those behind the policies, that they will consult and listen and respond, and not just emerge from a party back room with what they think is a vote winner and try to shut off valid criticism and debate.
A debate on something as big and important as a a major tax restructuring should last for more than a couple of weeks, shouldn’t it?
Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting,
“…it’s also important to have faith in those behind the policies, that they will consult and listen and respond…”
Riiiight. Like National do. Or like you do, here. Goodo.
“…and not just emerge from a party back room with what they think is a vote winner…”
It’s becoming apparent that your real problem with a CGT is that you think it’s a vote-winner too.
“Trying to frame it now as “choose this or something else” is trying to shut down debate when it should only be starting”
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons, and if you’re too late to be involved that’s nobody’s fault but yours.
Said the little red hen.
Actually this has been debated for decades. You’ve only just started to take notice now that you have to for political reasons
I thought that was referring to the Labour Party, because according to Goff they only started to take notice this year when they decided they need to compete with asset sales policies.
Yeah, compete with asset sales.
You’re such a card.
Goff is the card. This is what he was reported as saying:
Your house of cards is a bit flimsy.
Trying to rely on a one liner to explain why Labour came up with a CGT communicates an ignorance of how policy priorities are chosen and the detailed process needed to forge policy which is strong and workable.
The CGT does a lot more than compete with National’s asset sales agenda, it demonstrates a willingness on Labour’s behalf to rebalance the entire economy and broaden the tax base, a process which Labour has explicitly said will take years.
English and Key on the other hand have a one hit asset sell off. Not much competition really.
And don’t you just cringe when Key and Co, keep on with the “kiwi mums and dads” line. I am a Kiwi Dad I and I don’t have any money saved, So Blinglish is deluding himself if he thinks that we can afford to go out and buy shares willy nilly just so he and his mates can have Tax cuts.
“I’ll happily post different views on it, CGT deserves a good debate”
Then why are all the views you post agin it?
As soon as you actually post some views favouring a CGT, you’ll be taken at your word that you’re all about the debate.
Based on the evidence to hand, however, no such conclusion can rationally be drawn.
Once again, your actions do not square with your words.
If you weren’t fixated on try to score wee points you would have noticed. Here’s a recent one:
http://thestandard.org.nz/reaction-to-labour-tax-package/#comment-352742
It’s your actions that don’t square with your words.
Right, the comment about how Morgan thinks Labour’s proposal is a poor one.
Yep you’re fair and balanced as a Fox.
If you bothered to see what he said, you’d know that he praised Labour for bringing CGT up, he criticised them for proposing a holey version, and he criticised National for turning their backs on it.
I’m not going to say “I love Labour’s proposal, there’s nothing at all wrong with it”. That’s not balance, that’s stupidity, which you seem to have woken up with today.
For the purposes of this particular discussion, which is about your motivations, I’m more interested in what you said, Pete.
Oh that’s right, you don’t say anything.
It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.
The real problem in the rental market is not the lack of a CGT but high property values, and perhaps high interest rates, which makes it difficult for landlords to make a normal profit.
[It seems to me that any would-be landlord who can’t make a normal profit should stay out of the market. The trouble is that 15% is not high enough to keep out punters who can’t make it work. I think I would set the rate to 90% with an abatement of 5 percentage points per year to 15% after 15 years. Hopefully this would keep out speculators, and renovators who want to pass off the fruits of their renovations as capital gains.]
It has actually been pointed out to me on another thread that a high rate is not actually needed for CGT to act as a deterrent, and it is clear to me that the pointer outer is correct. So I’m forced to retract all the stuff about a 90% tax rate. lol.
Secret Squirrel, or should I say Pete George..you forget that landlords have been hiking up rents and pricing a lot of people out of rental accommodation (not to mention becoming more choosy about who they rent to) for the past decade or so.
And I shall wager that with the changes to state housing being brought in, and thousands of vulnerable families being kicked off the HNZ waiting lists into the private sector, landlords will be taking that oppurtunity to put up rents even further (of course, the slum-lords union is mysteriously silent about that little issue) than they already are and than they could with a capital gains tax.
Of course, I think that the CGT should be spent on 1) expanding state housing back to pre-1991 levels, 2) higher accomodation supplements, and 3) low interest home loans for people.
In the mail this week: a letter from Anne Tolley stating that
* National plans to cut playcentre funding by 60%
* The govt prefers to fund places with qualified staff
* Submissions close at the end of August
WTF is happening with this nasty attack on community run organisations? Are mothers now required to do a (very expensive) ECE course just to have somewhere to take their kids to play with other children? Does Tolley realise that not everyone can afford fancy preschool daycare or kindergartens?
Can’t find this anywhere on parliament.nz to make a submission.
Oh yeah they are also pulling Dental Nurses out of primary schools?!
ropata I guess that Ann Tolley belongs to that school where children are valued for the clever things they can do to impress friends and rellies. That is why it is important to concentrate on the Education in Early Childhood Education. Kids should be forced forward, trained like show ponies, that’s more important than socialisation, confidence, physical skills and the use of ideas, imagination with craftwork all to be enjoyed rather than completed and measured to some standard.
In some Asian countries, I think I have heard recently about South Korea, the children suffer so much if they can’t achieve to their parents expectations that they commit suicide. I think that has been recorded here amongst some PI people. Parents who have not had much schooling themselves, and don’t understand what is involved can pressure their children beyond endurance. I don’t know if this happens particularly with girls, but often they have onerous household and child minding duties as well as trying to do homework and have high test results. I was reading about a NZ pupil on exchange in France, their school went from 8am to as late as 6pm.
Slightly off topic, but I think all ECE should be playcentres and kindergartens.
Not really keen on the tendency for profit run baby farms.
Even the Stuff National poll
http://www.stuff.co.nz/national/
is coming up with
Partial Asset Sales 46.9%,
Capital gains tax and higher top income tax 53.%
Given the expected bias from an internet poll that has to indicate at least a 10% margin in favour of Labours programme of looking after the many rather than the few.
Trade me poll
CGT no family home 63%
Sell shares in SOE 22%
Reduce Spending 11%
15% CGT across Board 4%
Time for Some Dance Lessons
A while ago, I decided to get some dance lessons. Don’t get me wrong; I can dance already, being a veritable master at the Twist and Funky Chicken. However it’s tap dancing that has always interested me… so I finally paid for some lessons, which are going superbly! There’s still a few months to practice before the big night, and a few spaces left in the tap dance class, so feel free to get your dancing shoes on as well.
Good on you. I’m not interested in tap dancing, but I think it’s good to get out and try new things, get involved and have a go.
Overcome the TV zombies.
You might want to read the entire article before you comment further SS.
Now that’s a big ask Jackal!
I know! 280 words is such a chore. Better to just comment on the lead in, it’s only 80.
Post Labour’s CGT launch assessment:
Phil Goff – Gravitas for Prime Minister
John Key – Gravy train of tax cuts & asset sales for self and mates
Unfortunately polls suggest most people don’t see him that way.
In most of his interviews (and yes, again launching Labour’s CGT) he looks uncomfortable with his message. He looks like he’s saying what he thinks he has to say, and not what he feels and believes.
He’s been in politics long enough to be familiar with dealing with media interviews, so can’t be inexperience.
Goff looks like the party that is dragging him in directions he’s not comfortable with. He doesn’t look like he believes in what he’s saying.
That’s Phil Goff’s biggest problem.
If he could run Labour his way and believe in what he’s doing he would do better, but there doesn’t seem to be much chance of that happening.
Pretty large assumptions to make there SS. It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today. The right wing program even said the CGT would apply to Christchurch houses, when they will initially be exempt. It’s one thing to tell only one side of the story, but to blatantly lie about a political parties policies is not acceptable.
It is Labour’s policies that people will vote for. There is already overwhelming support for the well constructed CGT from a wide range of the community. Such a tax will make many speculators vote National, and many more poor people vote Labour. There are more poor people than wealthy, National has made sure of that.
The other side of the coin is that people will now vote against National, because they have failed to deliver any of their promises. You can harp on about Goff’s mannerisms all you like SS, they beat John Key’s lies and failure hands down.
It’s apparent that Phil Goff is running Labour properly, hence the unbalanced opinion shown on the Nation program today.
Interesting comment jackal.
I noted on Thursday evening’s TV1 and TV3 news programmes (immediately after Labour’s announcement) that TV3’s coverage was much fairer and more balanced than TV1. In fact TV1’s coverage was blatantly partisan against Labour and the CGT tax. It suggests to me that the problem is not the respective TV stations as such, but rather the personnel who run the individual news and current affairs programmes.
Yeah but don’t forget that SS or Pete or what ever nom de plume he’s using at the moment, has had to stoop to name calling, because every other argument he tries to start is met with solid FACTS. See SS or Pete, FACTS not guesswork, or as in the case of Blinglish and KY Prayer. As in don’t have one!
This morning Kim on radionz was interviewing author –
Gerald Seymour: thrills and terror
British writer Gerald Seymour worked for many years as an international news reporter. His first thriller, ‘Harry’s Game’, was published in 1975; he has since written a further 25 bestsellers. His new book is ‘A Deniable Death’. (44′11″)
Interesting chap. He talked about the Balkans and the plight of the Muslims in the area affected by the Serbs’ rush of blood to the head and feet, and how hard it would be to improve the survivors’ life to normality, perhaps never in their lifetime. He wrote Harry’s Game about Northern Ireland and how violence is breaking out there again. (It was probably depression from seeing the infighting of Greek partisans once the Germans were dealt with that led to John Mulgan taking his life.) Old enmities, old traditions allowed to fester need cleaning out with a new mindset, a different approach to contested traditions.
Then Joky Hen says he isn’t interested in making any changes to the loyalty oath in our parliament because it is long-standing. Making small changes that allow for better relationships and meet ideas of fairness are necessary by wise, intelligent leaders of society. Which Joky Hen isn’t.
Post Labour’s CGT launch assessment:
Phil Goff – PM Gravitas
John Key – Cheekey Ass
Phil Goff – PM Gravitas
John Key – Smart Ass
Intermittent signal July 2011/4 (last11/7)
People in NZ doing things with ideas for a good future here.
Radio NZ today – Country Life
Making a Lifestyle Block Make Money
The Madsens own a beautiful home in a cluster of lifestyle blocks in North Auckland. They have a few pigs and a sheep on their one hectare of land. So far, so ordinary. But the couple have built a unique way of life by turning the idea of the unproductive lifestyle block on its head. They run a herd of 150 cattle, over a number of blocks. (duration: 11′23″)
Download: Ogg Vorbis MP3
and
A New Home for Koanga Institute and Gardens
For the past 25 years Kay Baxter and her husband Bob Corker have been saving New Zealand’s heritage fruit trees and vegetables at Koanga Gardens in Kaiwaka. But five years ago they decided they needed a new place to live so have found a new home near Wairoa where they’re developing a Community Land Trust which they hope will support up to 30 families. (duration: 22′03″)
Download: Ogg Vorbis MP3
and
Wool Based Disposable Nappies
Potroz-Smith Technologies is developing a super absorbent wool-based material called NatraZorb, to be used in disposable nappies, amongst other things. Derelee Potroz-Smith says the idea started on her family’s Taranaki farm with romney sheep. (duration: 6′11″)
Download: Ogg Vorbis MP3
Hi sysop. I cannot get an email to you from Contact . I think I have done everything right, studied and copied the convoluted cypher but no Send.
Worse Off Under National
Wasn’t Citizen A amusing last night. Cameron Slater squirming when put on the rack concerning his infamous gut shot comments re Arie Smith-Voorkamp was priceless. But then the ignoramus AKA Whaleoil made a most interesting revelation, which seems strange in context to his normal campaign of disinformation…
Meanwhile, in the USA
Personally I think that there will be a deal to raise the debt ceiling, and that a crisis will be averted. However it will involve slashing what is left of the USA’s social safety net and public sector. And quite a few more people will consigned into hardship, or worse. But really, what’s a few more in the scheme of things.
40 years ago, only Nixon could go to China. Now in 2011, only Obama could cut Social Security (and Medicare)
Republicans and Democrats are two sides of the same coin.
One possible outcome is that they increase the Federal Debt Limit but with no changes to entitlements or tax increases i.e. they just kick the can a bit further down the road. What do you reckon the chances are?
Nope cant see that happening. After all, folding to his opponents is what Obama does best.
Iwi aristocrats want to keep using foriegn vessels
Unemployment is skyrocketing among Maori youth, yet tribal leaders would rather employ fishing boat crews from overseas instead of purchasing their own boats and training up their young people to crew them.
Im guessing they would rather use the profits to dish out scholarships to family members and buy BMW’s.
If Hone wants any modicum of respect, then he should be highlighting this issue, instead of throwing his toys when he doesn’t get is own way when he is sworn in.
Would be interesting to identify which iwi in particular…
So the thin blue line (aka ‘the filth’) have performed another summary execution when they gunned down an admittedly troublesome person at the Headlands Hotel according to media reports….
“I am able to confirm that the man was challenged, a dog deployed, there was a struggle and Police discharged a firearm.”
The man died at the scene.
The police shot was the only shot fired, he said.
The man’s gun had not yet been found.
A knife was found near his body, Mr Handcock said.”
What are tasers and pepper for? Oh thats right, they are to ensure compliance not end this sort of situation in a non lethal way. The fact is whenever the pigs draw a firearm prepare to die as they are trained to aim at the torso only, ie shoot to kill. Fer crissakes they had 30 plus special coppers hanging around and it just looks like a grotesque training exercise given the forces involved.
I hope they got it right.
We are not in Afghanistan.
http://www.stuff.co.nz/national/crime/5295727/Police-shoot-gunman-Anthony-Ratahi-dead
Really?
The stand-off began last night, when Ratahi stormed into the hotel’s restaurant and pulled out a rifle.
“He was yelling at us to get out and I just yelled at the girls to move, move, move and we all ran for the front door,” said witness Kathy Muggeridge.
“As soon as the guy saw police approaching he pulled out a gun and that was when he pointed it … and told us to go.”
Witnesses said they saw the gunman beating up a waitress and dragging her across the floor.
Inspector Pat Handcock told media the man was shot once and died at the scene. He was armed with what was thought to be a handgun.
Ratahi has previously been charged with assaulting a woman using a knife and injuring with intent to cause grievous bodily harm.
Early this morning, the man could be heard yelling at police.
”You come over here, sonny boy – I’ll shoot you first,” he said.
Yeah thats right when someones got a firearm its reasonable to use a taser and pepper spray on them
I know this might be a foriegn concept but maybe in future:
Don’t kidnap people
Don’t beat up women (actually don’t beat up anybody)
Don’t threaten people with a firearm
Don’t threaten the police with a firearm
Give yourself up when challenged by the police
It is really difficult to follow the logic of John Key & the Nats in relation to a CGT. Is the guy actually thinking lucidly or groping around for some solid arguments against the tax.
I heard him on the radio today stating how ‘NZ needs more tax payers, not a new tax’. Has it escaped his attention that a CGT is about broadening the tax base and bringing into the tax system parts of the economy which are not taxed at present. Ipso facto, more tax payers.
On the news tonight Bill English states that people not paying tax on income earned is ok whereas the likes of Selwyn pellett and Gareth Morgan are both saying they should be paying tax on hitherto untaxed profits.
The Nats have really struggling to be coherent at the moment.
They are shotgunning lines to the public to see what hits the target.
Basically, they are picking random words out of a dictionary to see if something works.
Should be pretty obvious to all now that they have now plan, no clue, for most New Zealanders.
That sounds right.
At the rate they are going, they can be their own target.
Along the lines of my comments further above and more succinctly:
Phil Goff: Gravitas
John Key (donkey): Ass
How do you tell when legislation is a good idea?
Conservatives oppose it on the flimsiest of grounds
http://www.stuff.co.nz/national/politics/5294798/Labour-site-victim-of-high-speed-morons
Seriously Labour stop using the internet untill you find someone who knows what they’re doing