After much pressing by the media, Jacinda stated there would be not CGT until at least 2020.
As for the company tax comment, I think that related to a crack-down on large international corporates using structures to avoid paying NZ tax.
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As has been seen globally on many occasions over many years political events (both local and geo) are just noise.
At the end of the day company fundamentals win out .....not what’s happening today on the political front.
That advice for ‘investors’ - traders love these times because they can take short term punts on investor sentiment and make zillions.
MMH. They are a major focus point should the process to move the port...or at least some portion of it, from Auckland to Whangarei gets underway.
I would not buy anything for l 30 days until the needs/demands of this govt are more fully understood, Im picking a 5% drop today at least.
The average Joe will suffer as with uncertainty the $ will ( some say has already ) drop which will push up the costs of imports and then interest rates will rise and hurt all families with decent mortgages .
Certainly sounds inflationary to me. Especially if Winston keeps talking doom and gloom on the economy. Interest rate rise coming, and big problems building 200 houses a week when immigration numbers reduced. Where are the tradesmen coming from? Several conflicting polices. Certainly won't be plain sailing.
Populous won’t be too impressed when petrol hits $2.20 litre
Winnie already has said ‘Don’t blame me’
Tell me who comes to mind when I say "Protectionist, Nationalist, pro export and manufacturing, anti establishment, anti-immigration and a big spender that will lead us into higher interest rates "
I remember how the market saw this as an omen for all of 10 hours and never looked back.
Not nearly as big a disaster as people think, have more faith in the New Zealand you know and love as opposed to the one you are picturing in your head without much detail.
Either way, I am going to lose thousands of dollars today and will be ready to snap up some bargains