That's great. Yes I'm good thanks. A.
Yee ha! Weka is back. When did that happen? Hello Weka if you are reading this, I hope all is well in your neck of the woods. A.
Quartile
I think you exaggerate a little A.
> Would it be just easier to ensure all citizens pay a genuine fair share of tax on any personal gain Well, maybe it would, but this is no longer the FTT that James proposed. A.
> What if it’s removing an entire middleman that’s just not really needed? I’d say that would be a huge saving. 'Huge' seems like a stretch? Besides, in my example the middleman B is still needed to connect parties A and C together so they can transact ...
> With over $1.2tn going through the financial markets every year, a financial transaction tax of 1% will give the govt an income of $120bn a year. That it will not, see upthread. A.
Well paying your staff is one area where little or no avoidance is possible, I think, over and above what is already done to avoid income tax. A.
We are talking about reality here Draco, can you keep your fantasies out of it. A.
>> If there was an FTT, then B could simply arrange for A to pay C directly – halving the tax liability. > Wouldn’t that be, like, a Good Thing? You know, increased efficiency and stuff. Nah. Because electronic transactions are very cheap, in reality. ...
It is PR that rides on Judith's 'broom' Every night A.
You got it. This is why James Thrace's estimate of the revenue the tax would generate is too high. I suspect at least 2x too high, maybe 10x. A.
Think of it this way. Many financial dealings take the form, A pays B, B pays C. If there was an FTT, then B could simply arrange for A to pay C directly - halving the tax liability. Then, of course, it frequently happens that A pays B an amount of $X, and...
See e.g. https://www.ici.org/pubs/faqs/faqs_ftt#_q12: A transaction tax could be difficult to avoid or easy to administer, but it is unlikely to be both. The tax could be avoided simply by not trading. Indeed, one of the rationales for the tax is that it ...
Transact through a bank outside NZ, or via bitcoin, or barter, or ... A.
I bet I can think of innovative ways to avoid at least two of those 1%s occurring (or at least being seen by the NZ taxman). A.
My point is that if an FTT is introduced, then the number and size of financial transactions will decrease. Because now a transaction is essentially free, there is no reason not to shuttle money back and forth. But if a transaction has a cost, people will ...
Your view is too static. Adding a new tax will always decrease the tax base it is levied on, sometimes drastically. A.
Its starting to look like it A.
I don't think anyone is saying that this law is a disaster or will make things much worse. What we are saying is that it will not improve the situation substantially for renters, in some cases may make them worse off. We are rejecting TRP's spin that this ...
I have a rental property, use a property manager, make a profit, and they do regular checkups and provide photographic evidence among other things. A.
All false there tricldrown, there is still profit and at least some of them demonstrably do stuff
>Antoine are your profit margins so tight on your rental that you have to do this? I'm honestly not sure what my profit margin is, but I'm not inclined to reduce it! A.
> Unfortunately I don’t think rents are as high as the market will absorb. Clearly not. We cannot really fix the rental situation until we improve the supply demand balance. All the power is on the supply side (landlords) and little tweaks like the letting...
Some good points there David A.
Leakers again! https://www.stuff.co.nz/national/politics/109283154/budget-2019-priorities-leaked-to-national-include-focus-on-mental-wellbeing-and-call-to-find-lowest-1-of-spending A.
What we really need is City Councils to seriously tackle our housing crisis It's largely their problem to solve A.
All I can say is that if my property manager ups their %, it's going straight to the tenant, who will pay. A.
A bunch of weird comments above. Can't people just feel sorry for this lass (and her family) and leave the point scoring alone? A.
We shall hope that the airline makes some good concessions A.
Less beetroot next time? I did use alot
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