I guess your vision is that the only people involved in the provision of rental housing would be government or non-profit agencies. Do you have a pathway to get there from here? Because right now - and the proposed tax legislation wouldn't change this - ...
As is clear from the comments, thus far, the US will get zero credit for this action from the international left community.
George at the back. Louis on the left-hand side.
Well, if you have already formed an opinion of their level of 'economic enlightenment' you should easily be able to find out if they allow interest deductions.
George - oldest son. Charlotte - daughter Louis - younger son.
All that does is encourage the mega-landlords. You just increase the mortgage by 10% for each of your 10 rental properties, in order to fully fund the purchase of the 11th.
You do realize that interest as been non-deductible in increasing proportions for some time - and that depreciation has been totally non-deductible for even longer. Doesn't seem to have a downwards effect on housing affordability, or rent costs, does it. ...
So, yes, your interpretation of the legislation is somewhat idiosyncratic. And not shared by any Western government, let alone the NZ one. It would be interesting to see if it's shared by any of the non-Western economic systems (China & Russia spring to ...
I think what you're saying here is that there is no CGT - in NZ - but you think there should be. The forms of tax you're referring to on sales of property and business - are not taxed using a CGT - it's standard business taxes. Once sold, the asset turns ...
The reduced 'liveability' of higher stories in houses has been known for a heck of a lot longer. There's a reason that the attic was servants' quarters in Victorian London - baking hot in summer and freezing in winter. I note that a lot of the issue, in ...
If you propose ring-fencing this tax take for this purpose --- which currently doesn't happen. Doesn't address the other drivers of high house prices. And doesn't magically make more houses appear (the scarcity issue).
I'm not aware of businesses paying tax on CG. They pay tax on profits. But CG is only realized when the business is sold. And AFAIK - there is no CG tax applied.
NZ has never had "mass public housing" in the way that would be needed to address the current housing crisis. The earlier state houses - were only intended for a tiny minority of the population - with the preferred pathway for working class upwards (in a ...
The demand side is also a constraint. Following Covid, when there was a mass exodus of all the young people off on their delayed OE, rental prices in Auckland went down - since the supply was greater than the demand. Of course, since then, we've had ...
I think the Income Tax Act regards an expense as deductible if it is incurred for the purpose of gaining taxable income. The purpose of borrowing however is to gain capital, in the form of cash; capital is not income so interest, being the cost of ...
Certainly in Australia - stamp duty/tax hasn't resulted in lower house prices - rather the reverse. And has had the perverse result of shutting first-time buyers out of the market (except those who are able to generate a very substantial deposit either ...
Not really interested in your self-justification. 'Apologizing' for behaviour that you declare that you intend to continue - is frankly unbelievable. If your eagle-eyed lens was equally focused on some of the other contributors (some of whom are rather ...
4 cars across 2 households - this is contributing to the problem...... If the PT is so 'good' - why do you need so many cars? Also, why should there be a residential right to park on the street? Also contributing to the problem. I bet the payment is ...
Because that's working so well in the rest of the country..... /sarc/ The current operating model for new subdivisions is to 'assume' that the council will provide PT services, and therefore not build the roading/parking infrastructure. What actually ...
No. And I'm finding your obsession with me a bit creepy. You might want to dial back on the personal interest, and try engaging on the actual topics under discussion.
Not in the GP constitution - where Maori means Maori - not Samoan. Of course, he could have been the 'other' one of the leaders - but where would that leave Swarbrick?
So glad that you find yourself so free of other cares, that you can trawl through the TS archives to find these gems. And glad that you acknowledge that I'm not blinded by political ideology. Really, with you around as a booster, I have no need to blow my ...
Has zip to do with the discussion in hand - over political polling - and whether or not it's fake.
You seem to have missed the fact that Trump has not been president of the US for the last 3+ years. Do try to keep up.
What absolute rubbish. No one. No organization. No company. No political party would pay money to be told what they already 'know' to be true. All of them what to know the real picture - so they can then adapt their message, political strategies or ...
So why is that not true for the US? [Note. I'm not actually saying it works for anyone - but you appear to think it's a viable strategy for Russia]
Meanwhile, Putin is making direct threats of nuclear war - over Sweden joining NATO "(Western nations) must realise that we also have weapons that can hit targets on their territory. All this really threatens a conflict with the use of nuclear weapons and ...
The loss and/or downgrading of daily newspapers & TV bulletins goes beyond the reduction in quality journalism. But does it? It seems to be an accepted fact that the audience for print and broadcast journalism is dropping away - and dropping away fast. ...
I would say that in both of your examples (certainly the parliamentary occupation, and probably the trans protest at the PP event) - those involved do not regard the current news sources as authoritative. Their 'news' comes from social media - and from ...
Perhaps you could share the good news with Muttonbird.
TBH I do wonder if the axing of these particular shows is a cynical ploy from TVNZ - knowing that there will be a public out-cry - and therefore the possibility that additional funding will be found from somewhere (NZ on Air would be the first pick). ...
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