Capital Gains Tax

[SBQ]

A CGT won't change anything for property developers their income on which they are taxed would be considered capital gain for the rest of us.

Admittedly govt debt has doubled over the last few years and it is hard to see that anything substantial has come from it.

Tax rates don't need to rise with a CGT we could offset it by dropping GST or income taxes. Maybe if we had a CGT everyone would be paying roughly 20%.

Simple question which again, relates to what I posted before. How do other developed countries that have a comprehensive CGT, become far more productive and whipping NZ in increasing the standard of living? Specifically, why are houses more affordable in those countries? I will tell you why. It's because there are too many property speculators that have turned housing, into a game of trading shares of a company. They've commoditised houses where the losers are those that can't afford to buy one but are forced to pay the price. We have insane high land prices where the infrastructures are paid for privately instead of co-funded with the gov't. High levels of regulations 'Green Party' environmental restrictions, lists goes on. We're heading really fast to where we will be living in tents.

[Aaron]

Sorry behind the pay wall but Sir Ian Taylor risks missing out on invites to flash parties with his blasphemy on tax.

https://www.nzherald.co.nz/business/...LJC2JND4ZWNIE/

He suggests a capital gains tax would be a good idea and might pave the way to reduce GST to help those most in need.

I agree with him taxing unrealised capital gains is a bad idea and agree taxing realised capital gains should start asap.

He also mentioned that when trying to help a couple of Swedish employees to get taxed in NZ as Sweden had a higher tax rate they declined as they were proud to pay taxes in their country. They did not see it as a burden but part of their social contract.

Perhaps they needed to talk with David Seymour who could point out that the success of their country was probably due to low tax rates in the 1860s. David obviously a deep thinker as most of us would have not realised this.

[JBmurc]

Sorry behind the pay wall but Sir Ian Taylor risks missing out on invites to flash parties with his blasphemy on tax.

https://www.nzherald.co.nz/business/...LJC2JND4ZWNIE/

He suggests a capital gains tax would be a good idea and might pave the way to reduce GST to help those most in need.

I agree with him taxing unrealised capital gains is a bad idea and agree taxing realised capital gains should start asap.

He also mentioned that when trying to help a couple of Swedish employees to get taxed in NZ as Sweden had a higher tax rate they declined as they were proud to pay taxes in their country. They did not see it as a burden but part of their social contract.

Perhaps they needed to talk with David Seymour who could point out that the success of their country was probably due to low tax rates in the 1860s. David obviously a deep thinker as most of us would have not realised this.

Should have had Cap gain realised tax back when Helen clark was in office ..could well see very little in the way in CAP gains for the rest of this decade ...if not more so Cap losses ..well till rates drop and property mad kiwi's go back in boots in all..

[dobby41]

Another smart person believes that we should have a CGT - Sir Ian Taylor

https://www.nzherald.co.nz/business/...LJC2JND4ZWNIE/

[nztx]

Another smart person believes that we should have a CGT - Sir Ian Taylor

https://www.nzherald.co.nz/business/...LJC2JND4ZWNIE/

has anyone asked whether taxing fresh air might be a good idea ?

[Aaron]

has anyone asked whether taxing fresh air might be a good idea ?

Nothing to tax amongst the political threads. All fetid and stinky.

[dobby41]

has anyone asked whether taxing fresh air might be a good idea ?

Probably not but do you think Sir Ian would support that?
Silly idea really!

[nztx]

Probably not but do you think Sir Ian would support that?
Silly idea really!

We all know where the ultimate home of silly ideas is .. where the desks are emptying progressively
as a few wake up to reality

[BDL]

Hey dobby, I hear the maori are out of control in labour party. Better watch out, they can be nasty basta*ds....

So much for pushing all things maori, "special people" you know... after all, they only want to take over the country, and just needed silly old Labour to help them along.

Watch your back. Jacinda got stabbed good and proper by the look of it.

[dobby41]

We all know where the ultimate home of silly ideas is .. where the desks are emptying progressively
as a few wake up to reality

Hey dobby, I hear the maori are out of control in labour party. Better watch out, they can be nasty basta*ds....

So much for pushing all things maori, "special people" you know... after all, they only want to take over the country, and just needed silly old Labour to help them along.

Watch your back. Jacinda got stabbed good and proper by the look of it.

You know - I thought that this thread was about CGT but neither of you seem to want to discuss that.
Neither comment has anything to do with Sir Ian supporting a CGT.
Keep the politics in the politics thread rather than spray it around!