The dollar only stretches so far... The beneficiaries and pensioners will need some more money from the govt. Taxes will be going up next.... cgt ruled out, land tax and wealth tax anyone?
Would a wealth tax not encourage an evacuation across the Tasman?
Would a wealth tax not encourage an evacuation across the Tasman?
Doubt it - it would have to be a big wealth tax to make NZ worse than australias taxes on investors (remember Australia already have a capital gains tax on shares & property etc, plus also stamp duty tax on top of that)
Doubt it - it would have to be a big wealth tax to make NZ worse than australias taxes on investors (remember Australia already have a capital gains tax on shares & property etc, plus also stamp duty tax on top of that)
But a wealth tax will be an annual tax whereas a capital gains is only on a transactional basis.
What the greens suggested was excessive, even if it was halved. And it was suggested that it would be at your marginal tax rate.
The wealthy have the option to move assets off shore into SWIZLAND and away from interviews from the IRD conducting stewardship Doom's day book statistical gathering operations.
But these people dont really make up the big retail stats in NZ except in the likes of Boats, Cars, Furniture, Wine, Paintings and high end personal purchases.
Ski boats in the 300-400 Grand range and 20 of those we sold last year. These people arnt actually the high end wealthy just ordinary folk who have come into money as the economy has grown, some with very flat Kiwi vocals.
But none of these grand purchases would have been in the listed retail stocks bin warehouses or rag trade racks.
Dont see the list stocks as the place where the wealthy shop for goodies.
The wealthy have the option to move assets off shore into SWIZLAND and away from interviews from the IRD conducting stewardship Doom's day book statistical gathering operations.
But these people dont really make up the big retail stats in NZ except in the likes of Boats, Cars, Furniture, Wine, Paintings and high end personal purchases.
Ski boats in the 300-400 Grand range and 20 of those we sold last year. These people arnt actually the high end wealthy just ordinary folk who have come into money as the economy has grown, some with very flat Kiwi vocals.
But none of these grand purchases would have been in the listed retail stocks bin warehouses or rag trade racks.
Dont see the list stocks as the place where the wealthy shop for goodies.
Does that fall into automative or durables/recreational goods category?
yes LEK it was a good day... well so much for waiting to buy some bargains.....spent the whole day blade testing for europe... borders opening soon... might one heck of a ski season after all....
Originally Posted by Habits
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