Labour govt 2020-23

[jonu]

But with this inexperienced PM rushing into this mess, all the parties involved, protesters, Tainui and FBU, all know the Government has deep pockets and have dug themselves in so deep that they can not back out. Win, win win for all the parties except us taxpayers.

The Ihumatao fiasco should see the unravelling and exposition of Ardern for what she really is.

[iceman]

I wish the Twyfords well in this battle https://www.nzherald.co.nz/nz/phil-t...FQH276Y3YP7E4/

[iceman]

Here we have the Revenue Minister threatening another tax, an increase in income tax rate on Trusts. They have also been suggesting they are looking into expanding the bright line tax from 5 years to 10 years. Bright line is an income tax.
So within one month of winning the election and making promises of NO NEW taxes and NO INCREASE in income tax apart from the increase in the top rate they indicated, they are already thinking about two more income tax increases.

https://www.interest.co.nz/news/1082...if-high-income

[JBmurc]

Here we have the Revenue Minister threatening another tax, an increase in income tax rate on Trusts. They have also been suggesting they are looking into expanding the bright line tax from 5 years to 10 years. Bright line is an income tax.
So within one month of winning the election and making promises of NO NEW taxes and NO INCREASE in income tax apart from the increase in the top rate they indicated, they are already thinking about two more income tax increases.

https://www.interest.co.nz/news/1082...if-high-income

Nothing new with this Govt ... Lies backed by Lies .. but sadly they do have to raise revenue....they don't have a clue how to grow the NZ economy

Just spending and cheap rates .. is the mantra

borrowing money to pay interest on the DEBT can't be a smart plan long term

#1 they need to stop giving away tax payers money and loading as up with HUGE Debt ..

#2 Get out of the way of NZ business and instead of slowing it down with endless regulations - smarting up the RMA ...

[jonu]

Cindy declares a "Climate Emergency" and requires all government agencies to phase out combustion engine cars.....days after the Police commit to a 5 year deal with Skoda for, you guessed it....combustion engine cars.

Good one Cindy. Really well thought out. Pretty much the same as your Housing policy, and your Child Poverdy policy and your Transport policy....

[SBQ]

Here we have the Revenue Minister threatening another tax, an increase in income tax rate on Trusts. They have also been suggesting they are looking into expanding the bright line tax from 5 years to 10 years. Bright line is an income tax.
So within one month of winning the election and making promises of NO NEW taxes and NO INCREASE in income tax apart from the increase in the top rate they indicated, they are already thinking about two more income tax increases.

https://www.interest.co.nz/news/1082...if-high-income

My interpretation of the bright line test is none other than a holding period before IRD can look at you closely. If the all out intent was to make a profit on the purchases of the house (ie. rent it out for 5 years, do a major renovation and sell for large gains); then the bright line test means nothing. The problem is the politicians & their dog are into the tax free capital gain from investing into houses. If the gov't was serious - just start taxing every non-principal resident home ; instead of giving people the scare with bogus holding period tests or costly investigations to prove on the 'intent' of the buy / sale of the house.

[Bjauck]

Here we have the Revenue Minister threatening another tax, an increase in income tax rate on Trusts. They have also been suggesting they are looking into expanding the bright line tax from 5 years to 10 years. Bright line is an income tax.
So within one month of winning the election and making promises of NO NEW taxes and NO INCREASE in income tax apart from the increase in the top rate they indicated, they are already thinking about two more income tax increases.

https://www.interest.co.nz/news/1082...if-high-income

I wonder when company tax will be hiked up as well.

Which taxes will end up paying for Covid?

[artemis]

I wonder when company tax will be hiked up as well.

Which taxes will end up paying for Covid?

Doubt they will raise company tax due to very real real risk of capital flight if we are out of synch. Trust tax is less risky but by no means nil risk.

[Zaphod]

Doubt they will raise company tax due to very real real risk of capital flight if we are out of synch. Trust tax is less risky but by no means nil risk.

Thereby further distorting the tax system, failing to address the real issue of housing affordability, and ignoring recommendations of the TWG. Well done Labour!

[Balance]

https://www.nzherald.co.nz/nz/inside...HLZL3CNSGMORY/

Paywalled

All the lies of Cindy - how wonderful the Coalition was going in the first 3 years.

The hypocrisy - praising Winnie to the sky the other day.

And now the betrayal and stab in the back - getting her staff to lay bare the unworkable Coalition and blaming everything on Winnie & NZ First.

Cynical Cindy - that description actually understates what kind of person she really is.