I'm sure there's more legs in this story yet.. Winston's still going after the MPs and former staffers.
http://www.nzherald.co.nz/nz/news/ar...ectid=11987115
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I'm sure there's more legs in this story yet.. Winston's still going after the MPs and former staffers.
http://www.nzherald.co.nz/nz/news/ar...ectid=11987115
And Tim Murphy predicts it will become "the case that never was".
I think poor old Winnie is going a bit senile. For his sake I hope he muddles through his final 2.5 years in Parliament.
Cameron Slater over at Whaleoil says Mr Peters' lawyers know exactly what they are doing. He says there is evidence.
http://www.whaleoil.co.nz/2018/02/wa...ome-subpoenas/
The next National leader likely to fall? Not English, but his deputy with Bill being allowed to choose his exit point.
[QUOTE=artemis;701955]Cameron Slater over at Whaleoil says Mr Peters' lawyers know exactly what they are doing. He says there is evidence.
http://www.whaleoil.co.nz/2018/02/wa...ome-subpoenas/[/QUOTE
I'd put my money on Tim Murphy being more accurate https://www.newsroom.co.nz/2018/02/0...s-in-the-towel
[QUOTE=iceman;702018]Apparently Paula Bennett and Tim Murphy had frequent contact when National were in power. Looking for that leak? Paula must be high up on the list.
The conversation is turning to a capital gains tax in a few places. I was bailed up by a previous Labour Party supporter who voted for Labour for many elections, but hasn't for the last two, and all over a possible capital gains tax. This semi-retired person hadn't an idea what the costs might be, what rate, when it might take effect from, etc. But their only external investment appeared to be a rental.
Which leads me to believe that this person was never really interested in a fairer society, because that's what such a tax would help with. But unlike Gareth Morgan, I don't think it could or should ever be applied to a family home.
https://www.interest.co.nz/opinion/9...+February+2018
[QUOTE=elZorro;702068]That will suit the wealthy very well. They will have a vehicle to store capital that can survive downturns in the property market. (These downturns are likely to be less than the same cost associated with a tax). Then they are sitting pretty for whenth property market improves - which it always does after a downturn.
If you are going to have a CGT (and I'm not advocating one), then to be fair it has to apply to the family home.
Interesting comparison between the difference in governance standards between business and Government https://www.nbr.co.nz/article/opinio...nment-p-212183
Pity tomorrow is celebrated by just a minority — for the rest of us it’s just a day off
As long as Jacinda having a good time up North it’ll we OK
[QUOTE=minimoke;702092]Easily sorted with a policy that looks at the capital value relative to other properties in the area. If it's exceeded by a big percentage and the costs to get there weren't large, then maybe there would be a cutoff on the family home. Maybe. But in most cases, the expenses to keep a family home tidy or to improve it, plus pay the interest, exceed or make up a large proportion the capital return. Why do rentiers buy basic low-maintenance homes or block flats? Low overheads, and then they claim back the interest costs. So it's not the same situation at all.
So to be fair, a CGT must exclude the family home in almost all cases.
True but they are broadly relative and there is an objection process. The family home has been excluded from the Tax Working Group, as we know, but what other assets will be excluded from the WG's recommendations.
The Labour Party fell foul of this at the 2011 and 2014 elections, as they scrambled to add exceptions in response to public feedback. Rules around how the family home was to be defined. The bach. The family business under some circumstances. Not sure we ever found out how assets in trusts were to be dealt with.
And many other assets that are usually the province of the well off were excluded - art, jewellery, boats, classic cars ....
Labour canned it as policy - an election loser. Good chance it will be back in in 2020. Learning from history?