Okay, I'll consider Ardern's move on Jones re AIR a good move aka "Helen Key". https://www.stuff.co.nz/national/pol...ey-of-politics
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Okay, I'll consider Ardern's move on Jones re AIR a good move aka "Helen Key". https://www.stuff.co.nz/national/pol...ey-of-politics
As Westerly argues, it's only fair. The 'politics of envy', a line often trotted out by the Nats and people who vote for them. (Yes, FP voted Labour once, when Roger Douglas was controlling the show under the auspices of Treasury boffins).
Any reasonably sane and fair-minded person would surely come to conclusion that if they are lucky enough to find a sideline or business that pays off well for little effort or risk, then they should help with the Crown burden of the infrastructure in the country where that income is generated. If the income is highly unusual or a one-off, or if it is regular, it makes no difference.
FP makes the point that sometimes losses are incurred. Those are now ring-fenced and have to be offset against future income tax due. In the general situation, that won't affect property owners, as FP well knows. Most are in it for the long term and have had little or no risk of that occurring. Those who are trying for short-term gains may dip out on occasion, but they have time to recover from that.
FP also knows that there is absolutely no way that any NZ govt will levy a CGT against the prime residence, unless there are exceptional circumstances perhaps. So there is no point even talking about it.
A CGT would apply to those who have gone out of their way (and perhaps taken on a certain risk) to run a business where a tidy capital gain can be made, and they have been helped in each year through claiming costs and any interest paid, against income for that enterprise, where they legally can. It's easy to see that home occupiers don't have that luxury, so they would be immediately exempt.
Kelvin has been very quiet of late
He'll be busy soon.
https://www.maoritelevision.com/news...aori-relations
Those who "examine" capital gains as a means of taxation come up against two factors that we the critical public of both persuasion tend to ignore. The first is cost - a building or two full of assessors or inspectors and the second is capital "loss" Suddenly the golden goose becomes a rather skinny duck with hardly any quack.
Piece about this Progressive Conservative guy in Canada
Love this bit because it seems to echo the thinking of some posters here -
Conservatism is no longer a political ideology in the recognized sense, but a repository of loathing and despair. It’s where people thrust their hatred of modernity — of globalism and multiculturalism and technocratic expertise, but also of the democracy that fostered those systems in the first place. By giving high office to buffoons, by choosing thugs as their representatives and by reveling in nastiness for its own sake, the Conservative brand now is principally a marker of contempt for political order itself.
https://www.nytimes.com/2018/03/22/o...imes&smtyp=cur
Enjoyed the article on kyaking more though. https://www.nytimes.com/interactive/...ean-at-70.html
westerly
Well done
Letting fees: goodbye and good riddance
Try reading the article w69.
This story talks about ‘auctions’
http://www.nzherald.co.nz/business/n...ectid=12018576