View Poll Results: Should there be a Capital Gains Tax on Property
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No
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Yes
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Goff is just an idiot
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Epic fail for Labour
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11-09-2018, 09:36 PM
#211
Originally Posted by Benny1
Does anyone know what date the TWG interim report is actually due to be reveled this month?
I don´t think there is a fixed date, just "before the end of September". The Government already has the interim report so I assume as soon as they´re comfortable with answering all the questions it´s release will prompt, they will release it !!
Apparently they´re not as enthusiastic about CGT as they were when they started this process !!
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12-09-2018, 08:27 PM
#212
Well that's one good thing to come out of it ! Tho the devil will no doubt be buried in the detail...
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12-09-2018, 09:08 PM
#213
Originally Posted by Benny1
Well that's one good thing to come out of it ! Tho the devil will no doubt be buried in the detail...
It'll be about trade-offs and political spin, like:
"Hey Michael, we can't have a CGT in our first term, so if you want to keep sucking the hind tit you'll park that for consideration when we get a second term, but in the meantime I want you to legitimise all the new taxes and tax hikes that we put in place when we said there'd be no new taxes, and find a few more that we hadn't thought about. There's a good lad."
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12-09-2018, 09:21 PM
#214
Originally Posted by Baa_Baa
It'll be about trade-offs and political spin, like:
"Hey Michael, we can't have a CGT in our first term, so if you want to keep sucking the hind tit you'll park that for consideration when we get a second term, but in the meantime I want you to legitimise all the new taxes and tax hikes that we put in place when we said there'd be no new taxes, and find a few more that we hadn't thought about. There's a good lad."
Sadly you´re probably right on the mark there Baa Baa
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16-09-2018, 09:10 AM
#215
This from Sir Michael Cullen today : "We have come out with a more general conclusion that taxation has only a limited effect on the housing market and the [housing] problem remains one of supply."
Grant Robinson could have taken a momentary glance at countries that have CGT to come to this conclusion, rather than this very expensive and waste of time (I suspect) Group.
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16-09-2018, 02:39 PM
#216
Originally Posted by iceman
This from Sir Michael Cullen today : "We have come out with a more general conclusion that taxation has only a limited effect on the housing market and the [housing] problem remains one of supply."
Grant Robinson could have taken a momentary glance at countries that have CGT to come to this conclusion, rather than this very expensive and waste of time (I suspect) Group.
NZ is one of the few OECD countries without CGT. They must therefore be wrong and we are right. ?
As for housing, the market is always right so how come we have a supply problem?
The old saying the rich get richer and the poor get poorer certainly applies to NZ
westerly
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16-09-2018, 04:24 PM
#217
Originally Posted by westerly
NZ is one of the few OECD countries without CGT. They must therefore be wrong and we are right. ?
As for housing, the market is always right so how come we have a supply problem?
The old saying the rich get richer and the poor get poorer certainly applies to NZ
westerly
Indeed; it's a tough life.
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16-09-2018, 05:28 PM
#218
Originally Posted by fungus pudding
Indeed; it's a tough life.
Not for the right
westerly
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16-09-2018, 05:46 PM
#219
Originally Posted by westerly
Not for the right
westerly
Once again the ridiculous assumption from the left that all the rich(so called) vote to the right.
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16-09-2018, 08:02 PM
#220
Originally Posted by westerly
NZ is one of the few OECD countries without CGT. They must therefore be wrong and we are right. ?
As for housing, the market is always right so how come we have a supply problem?
The old saying the rich get richer and the poor get poorer certainly applies to NZ
westerly
The point is that Labour has been selling a half arse form of CGT as a fix for the housing market, or rather high house prices. They are starting to realise that is complete humbug. I have a couple of rentals in a country where there is a 20% CGT and that country has exactly the same problems with housing becoming out of reach for young people, mainly due to Air BNB and lack of supply in the biggest city. Sounds familiar ?
For the record, I am not against a comprehensive CGT if it was part of a restructure of the tax system, but I am against a half arsed attemt that is nothing more than extra tax grab.
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