Labour / NZ First Government

[fungus pudding]

Not surprising. Even Australia with a right wing government has a CGT, the first almost $NZ20,000 of income tax free and a top income tax rate (including medicare) of 47%. So that puts the NZ Labour's less progressive tax policy to the right of Scott Morrison's government!

Australia's CGT provides huge avenues for fiddling, and boy do the Aussies know it.

[Zaphod]

The opposition are part of it.

Labour set the tax policy, not the opposition parties. They're not part of it at all.

Don't forget that the PM would pay around $11k more tax - love to see the opposition play that into being self serving.

Yes, it would be a very easy play to show it was self-serving to Labour's re-election bid. Jacinda can take one for the team, so that a populist taxation policy which does very little to repay debt, and causes an even greater distortion in the taxation system, can be implemented in order to simply win an election. Transformational Government was another great slogan, with no delivery.

[Zaphod]

I see on the news today that the Oakura Green School principle has resigned today. Apparently unrelated to the recent controversy.

[dobby41]

I see on the news today that the Oakura Green School principle has resigned today. Apparently unrelated to the recent controversy.

It wasn't the principle who applied for the funds - that would have been the owner.

[dobby41]

Yes, it would be a very easy play to show it was self-serving to Labour's re-election bid. Jacinda can take one for the team, so that a populist taxation policy which does very little to repay debt, and causes an even greater distortion in the taxation system, can be implemented in order to simply win an election. Transformational Government was another great slogan, with no delivery.

Fran likes it
https://www.nzherald.co.nz/business/...ectid=12363644

The naysayers have also argued that the reintroduction of the 39 per cent rate will only raise a mere $550 million a year in additional revenue. This $550m is not the mere drop in the bucket they suggest.

It may be a fraction of what the Labour Government is borrowing to fund the fiscal stimulus it is applying to support the economy through the worst of the Covid-19 crisis.

But that $550m will also help to offset a predicted fall in company taxation off the back of lower profits.

[Bjauck]

I see on the news today that the Oakura Green School principle has resigned today. Apparently unrelated to the recent controversy.

Perhaps the Principal has principles? The Head Master is master of his head?

He would be in demand by other organisations as he helped to get the most Left Wing Party in NZ to fund an elite private establishment.

[Balance]

Perhaps the Principal has principles? The Head Master is master of his head?

He would be in demand by other organisations as he helped to get the most Left Wing Party in NZ to fund an elite private establishment.

Good one - indeed he will be in demand!

[dobby41]

He would be in demand by other organisations as he helped to get the most Left Wing Party in NZ to fund an elite private establishment.

Ignores the facts - he didn't apply for the money.
When interviewed he didn't know exactly what was originally applied for (25% gift, 25% govt equity and 50% loan).

[macduffy]

Ignores the facts - he didn't apply for the money.
When interviewed he didn't know exactly what was originally applied for (25% gift, 25% govt equity and 50% loan).

Yes, best not to know the details of such matters.

[artemis]

I see on the news today that the Oakura Green School principle has resigned today. Apparently unrelated to the recent controversy.

Eight months is a short time to stay in a leadership job. Article says he is moving to another job. Hiring is an expensive and time consuming exercise and eight months indicates marginal commitment or other issues.