[QUOTE=Joshuatree;683573
Transparency plus
No death duties
No inheritance tax
No capital gains on the family property (land and home).
Speculators will pay tax on buying and selling houses,.
Foreigners won't be able to buy houses here like in many other countries to eliminate speculating there.[/QUOTE]
I have to ask a couple of questions -
First some context: NZ and China are in the process of 'upgrading' the FTA - the one that the Clark Administration and in particular Phil Goff worked hard at getting across the line.
The current FTA provides that Chinese Citizens could purchase land here. The current FTA also provides as many do for 'most favoured nation' status so it grandparents in that any subsequent FTAs that are more favourable get flipped into the NZ one.
The Australia and China FTA was recently signed and provides for a quicker removal of tariffs on Australian dairy products being exported to China than the current NZ one and as part of the 'upgrade' then NZ trade negotiators would be seeking to have those tariffs removed either immediately or at least as quickly as those on Australian products.
Given where we are in the FTA upgrade timeline where does pulling the pin on a key benefit for Chinese Citizens going to sit when we ask for a major tariff reduction acceleration?
Second Question: does anyone not see the major loophole with these three items - No inheritance tax
No death duties (estate duty)
No capital gains on the family property (land and home)?
Third question: Currently even if you are an owner occupier and have a frequent/regular pattern or intention to resale for a gain then you are potentially doing so in the course of business and then the gains are assessable - does this mean that the CGT provides for such transactions to create a tax rate arbitrage? If so that's potentially going to make it much harder to find cheaper properties.
Lastly define 'speculator' - is a farmer on a family block owned for generations next to the urban limit a speculator? If he or she isn't why not and think about how that applies to almost anyone who owns a home and intends to use it to partly fund or wholly fund their retirement?
Q1 I think I'm right ,foreigners can't buy property in china and many other countries including Aus? .Sensible. Foreign buyers helped push up the prices in auckland; buying and flicking off awe or so later it went nuts for awhile. we don't know what else is hidden in there.The USA was one of the rule makers.Now they are not there we can negotiate better deals and we need to know whats there.
q 2 They are all off the table.Not for consideration.
Q3 no idea this is the sort of thing for the working group to nut out.
q4 this is also a reason the working group of experts will come up with a fair solution.
"New Zealand has been served well by interventionist governments. That actually it's about making sure that your market serves your people - it's a poor master but a good servant," Ardern said.
"Any expectation that we just simply allow that the market to dictate our outcomes for people is where I would want to make sure that we were more interventionist."
So neoliberalism is dead in NZ if she wins.
Won't make those who were happy with how NZ was managed last 9 years happy any more
"New Zealand has been served well by interventionist governments. That actually it's about making sure that your market serves your people - it's a poor master but a good servant," Ardern said.
"Any expectation that we just simply allow that the market to dictate our outcomes for people is where I would want to make sure that we were more interventionist."
So neoliberalism is dead in NZ if she wins.
Won't make those who were happy with how NZ was managed last 9 years
We should go back to the posts about blade runner. Looks like we will have a "mother" making all our decisions for us. Lets see what we think of her in a few years time.
Hope Maori Party is improving seeing we non-Maori can party vote for them if we want
Funny how that worm turns. Taxcinda is more Muldoon than Muldoon was; now his Labour voting enemies are falling over themselves for an interventionist govt. again.
Today we learn that the taxpayers are going to shout themselves a 'free' television channel which won't even have to try and pay its way.
Wonder how long it would take her to match Sweden with two out of three working for the 'gummint'.
Hopefully we'll never know.
Last edited by fungus pudding; 12-09-2017 at 03:22 PM.
Prob get into trouble for copying and pasting but Christopher wants as many to read anyway and reading it here will save you seeing a smiling Christopher with a grinning Bill
Letter to Jacinda
Dear Jacinda,
I’ve seen you on the telly, dear,
There’s quite a hullabaloo,
But taxing this and taxing that
Means my two ticks stay BLUE
You’ll tax us on our assets
There’s nothing you won’t snatch
You’ll tax us on our holidays
You’ll tax the boat or bach
You’ve said you’ll slap a tax on fuel
So when I need the car
I can’t afford to fill it up
I won’t get very far!
You’ll tax water by the litre
And our farms will hit the wall
Have you forgotten it’s the farmers
Who grow food to feed us all?
You’ve said you’ll tax emissions,
Does that mean mine as well?
If I can’t afford to fart, my dear,
Your tax can go to hell!
You’ll tax us on the things we own
Is nothing off the table?
I dread to think what else you’ll tax
As soon as you are able
I’m told you want a ‘gift’ tax
So the bit I’ve got put by
I can’t give to my grand-kids?
They can kiss my gift good-bye?
You’ll take the joy from giving
And even when I’m dead
You’ll slap me with Inheritance tax
Or take my house instead
Taxing the **** out of all of us
Is just not very nice
And I’m hoping at the polls, my dear,
The Left will pay the price
Truth to tell, Taxinda,
I think you’ve lost the plot
You’ll not get my vote, sweetheart,
My ‘comrade’ you are not!
So thank you for reading my letter,
I’ve got things off my chest
Just leave it up to National, dear…
They really do know best.
So I’ll vote for Mr English
And his team - they’ll get it right!
A pretty smile is not enough
Goodnight, Ms Ardern…….Goodnight
by Val Davis. #PartyVoteNational
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Labour promises 'RNZ+' I think this is brilliant, another idea who's time has come, free of fake news and advertisements
After a 9 year funding freeze from national.
A key component of labours plan is the creation of a new public digital media service, built around RNZ, as fully multiplatform non commercial entity, including a free to air non commercial television service. TVNZ will be kept.
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Originally Posted by winner69
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