Soper says PM in state of shock
The Herald reports: If you thought the Government (well more correctly the Labour Party) is hell-bent on committing political suicide you’d be wrong.The Beehive is reeling and sitting in the top...
View ArticleHosking on CGT
Mike Hosking writes: The Capital Gains Tax train wreck is all the evidence you need this is a Government that didn’t have a plan.Why are we here? Because they’d tried this before, got burned twice –...
View ArticleThe impact on our sharemarket of the proposed CGT
Hamish Rutherford reports: When it comes to unintended consequences, a capital gains tax will create a few.Consider the impact of the Tax Working Group’s proposals on the local sharemarket, something...
View ArticleTrotter on CGT
Chris Trotter writes: WHY CAN’T LABOUR take “No” for an answer? When the party first offered voters a Capital Gains Tax (CGT) in 2011 they responded by giving Labour 27 percent of the Party Vote....
View ArticleCan we trust Winston on CGT?
Stuff reports: NZ First leader Winston Peters has said the party would not support tax changes that resulted in an “explosion of the valuation and accounting professions”. If we took Winston at his...
View ArticleCGT and home affordability
Graham Adams writes in The Listener: As the debate over the introduction of a comprehensive capital gains tax rages in the media, it has mostly been reduced to arguing about its effect on the housing...
View Article400,000 lifestyle blocks will get hit with CGT
The Herald reports: More than 400,000 lifestyle blocks could be affected by the proposed capital gains tax.Figures from Land Information released to the National Party show there are 403,883 freehold...
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More on how CGT is a double tax on business
A reader writes in: I think your discussion of why CGT is double tax is missing the key element, David Seymour has some good articles on it, as does Eric Crampton. You’ve used the logic of retained...
View ArticleGreens want to tax the family home also
The Herald reports: Meanwhile, Green Party co-leader Marama Davidson has gone further than her party’s policy on a capital gains tax, saying she was open to a debate on whether it should apply to the...
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Ax This Tax
The Taxpayers’ Union has announced: The New Zealand Taxpayers’ Union today formally launches a major campaign to fight the unfair capital gains tax, proposed by Dr Michael Cullen’s Tax Working Group....
View ArticleThe data behind CGT
Troy Bowker writes: The Tax Working Group (TWG) used an unreliable survey by the Department of Statistics as the basis for its argument that the majority of the proposed capital gains tax (CGT) will...
View ArticleThe cost of a CGT
The Herald reports: Business New Zealand chief executive and Tax Working Group member Kirk Hope says the proposed capital gains tax could cost the economy billions of dollars in compliance costs,...
View ArticleCullen attacks CGT critic
I blogged over the weekend the critique by Troy Bowker on the unreliaiblity of the data proponents of a CGT have used to argue it will only affect a few rich pricks. Dr Cullen has responded with a...
View ArticleCGT unpopular
A Reid Research poll commissioned by Business NZ has found: Only 23% think CGT should be a priority for the Government and 65% say should not be a priority48% say CGT debate has harmed the Government,...
View ArticleTwo thirds of CGT revenue would come from inflation!
The Herald reports: The bulk of the revenue expected to be gathered from the proposed Capital Gains Tax will come because the Tax Working Group has not made allowances for inflation.This is according...
View ArticleBeck remains anti CGT
The Herald reports: Rocket Lab founder Peter Beck took to Twitter to slam the Tax Working Group’s capital gains tax proposals within hours of their announcement on February 21.“Just saw the NZ capital...
View ArticleAnalysing the CGT back down
The total capitulation of the Government on a Capital Gains Tax has numerous aspects to it that are of interest. Let’s look at them in turn: Total Victory for opponents While it was unlikely that the...
View ArticleGarner on Ardern
Duncan Garner writes: If ever Labour was going to scream transformational government then the one policy it had in the shop front window was the capital gains tax. It was the panacea, the holy grail...
View ArticleCullen has a final sulk
Sir Michael Cullen writes: The fact is that the vested interests opposed to any change were well organised, funded, not too careful with the truth at times and, of course, fully supported by that...
View ArticleArdern says we’re to blame for housing crisis!
TVNZ reports: Jacinda Ardern says public bears some responsibility for housing crisis after failed taxation attempts.Prime Minister Jacinda Ardern is putting some onus on the public for the housing...
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