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Written By: KJT - Date published: 2:40 pm, October 18th, 2024
A capital gain occurs when cash is is transferred without the creation of any additional value. All the more reason to tax capital gains. When things that "add value" are already taxed.Written By: KJT - Date published: 2:33 pm, October 18th, 2024
We are very unlikely to get a wealth tax through. A CGT is well within political possibility. Then there is the easy target, of taxing unrealised gains, to give to those who oppose broadening the tax base. Not hard to find examples of hardship with that.Written By: KJT - Date published: 11:42 pm, October 17th, 2024
means test super to make that more efficient? Droll!Written By: KJT - Date published: 9:20 pm, October 17th, 2024
Sure.Written By: KJT - Date published: 4:41 pm, October 17th, 2024
CGT on business is a red herring, as most NZ businesses, apart from those in the business of land tax farming, won't be paying it. One man band, most businesses, don't sell for that much. The right wing like to lie and scare people who it won't affect, ...Written By: KJT - Date published: 4:20 pm, October 17th, 2024
If you want to see how COVID would have happened under National/ ACT you only need to look at the UK under Johnson or the USA under Trump. A disaster!Written By: KJT - Date published: 4:12 pm, October 17th, 2024
One way to scotch a CGT I suppose. Suggest politically impossible alternatives to split the debate. What TOP have done.Written By: KJT - Date published: 4:04 pm, October 17th, 2024
Here is a hypothetical situation Which is an excellent argument for charging CGT on unrealised gains. "For the sake of fairness". It is not a good argument against CGT.Written By: KJT - Date published: 3:59 pm, October 17th, 2024
Your example is obviously ludicrous and unbelievable So is yours. As ludicrous as Luxons ignorant rant that CGT would be applied to kiwi-saver. (Note. Already taxed at PIE rates, unlike land scalping!)Written By: KJT - Date published: 3:54 pm, October 17th, 2024
And. You won't be paying CGT unless you sell it. If your business model viability depends on a tax free capital gain on sale of the business, it is not a viable business. It is just a rort on people who do pay taxes on all their gains in wealth/income. ...Written By: KJT - Date published: 3:48 pm, October 17th, 2024
I work for say, 10 years. Pay 30k+ PAYE every year in tax. Including on any house I may renovate as a builder, even if I live in it. Someone sits on an Auckland house for 10 years. Charging rent to pay for the mortgage and repairs. Makes the same amount in ...Written By: KJT - Date published: 3:42 pm, October 17th, 2024
And. "If we allow gay marriage, it will later be compulsory". "Thin end of the wedge".Written By: KJT - Date published: 3:35 pm, October 17th, 2024
It may be. But CGT should still happen.Written By: KJT - Date published: 3:30 pm, October 17th, 2024
So. I renovate someone's house. They pay me from their income they have already paid tax on. I pay tax on what they pay me. Happens all the time. Capital gain is income. That it is "not income" is purely an accounting convention in tax laws. Set up by ...Written By: KJT - Date published: 2:22 pm, October 17th, 2024
I predict it will go ahead anyway. But cost 5 billion because of cancellations and dithering.Written By: KJT - Date published: 11:50 am, October 17th, 2024
Thats why they have limited companies, assets in their wife's name or a trust. Yes. Some of us use our house mortgage and pay all our debts. Many don't. average person can simply get another job Have you tried job hunting lately?Written By: KJT - Date published: 11:47 am, October 17th, 2024
1. Capital gains often occur due to inflation. Hence, the gains are only nominal rather than real. So why should those profits be taxed if they aren't actually real profits? A test for that is whether an equivalent asset would be purchased for the same/ ...Written By: KJT - Date published: 7:05 am, October 17th, 2024
Hosking didnt allow Jacinda Adern to answer questions. Inserting his own opinion talking over her for the whole, so called, interviews. Absolutely pointless attending the farce. Hosking reminds me of the saying. "Only the truely ignorant can be so ...Written By: KJT - Date published: 12:51 pm, October 14th, 2024
"existing ferries’ lives could be extended out to a couple of decades with appropriate maintenance" Yeah right. Only a few ships that were built to very high standards initially, last that long.Written By: KJT - Date published: 7:46 pm, October 12th, 2024
Got them more votes and more members than Starmer. Only the vageries of their electoral system, and a knee capping from the right wing establishment in his own party, kept him out of Government.Written By: KJT - Date published: 5:22 pm, October 11th, 2024
About the level of qualifications of most of the commentators on the Manawanui. I will wait for more accurate information.Written By: KJT - Date published: 4:55 pm, October 11th, 2024
There were hits and misses, as you would expect, but on the whole think big contributed greatly to New Zealand. Clyde Dam, Marsden point, Rail etc. And, unfortunately even more to shareholders coffers at our expense, when they were sold off and privatised ...Written By: KJT - Date published: 2:41 pm, October 11th, 2024
Read what I wrote.Written By: KJT - Date published: 1:44 pm, October 11th, 2024
Where, IYO, is there an example of a non-capitalist Government? China? Whenever it is said, correctly, that the country that has got the most people out of poverty is China. "The answer is "oh, but they adopted capitalism!" Democratic socialist countries ...Written By: KJT - Date published: 1:30 pm, October 11th, 2024
Selwyn's article is a mish mash of ill informed conjecture, as is your comment above, like most of the commentary on the Manawanui so far. "My experience as a mariner was primarily rowing a 12 foot fryan dinghy solo around Shoal Bay in the inner Waitemata ...Written By: KJT - Date published: 6:49 pm, October 8th, 2024
It was 84/87 Labour that started destroying employment, manufacturing, industries in general and Union rights. Richard Prebble. Roger Douglas. To the extent people were desperate enough to vote National to get rid of them. National then promptly put the ...Written By: KJT - Date published: 6:01 pm, October 8th, 2024
Ferry has a minor "Fender bender" on berthing. Next. 'Truck takes a centimetre of concrete off the loading dock while backing in". FFS.Written By: KJT - Date published: 5:43 pm, October 8th, 2024
The pontificating and finger pointing starting already. While those who are experienced, are awaiting factual details.Written By: KJT - Date published: 3:42 pm, October 8th, 2024
Another comedian?Written By: KJT - Date published: 3:31 pm, October 8th, 2024
Some time ago now a senior worker in the campany I was in at the time was hounded to the point of mental illness through the courts by the company. His crime. Organising work to rules to try and prevent our super scheme from being burgled. Even though ...
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