Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Scare mongering to Labor’s Capital Gains Tax

/ Scare mongering to Labor’s Capital Gains Tax

*PRESS RELEASE: SUE HENRY SPOKESPERSON HOUSING LOBBY **15 July 2011***

The Housing Lobby condemns scare mongering to Labor’s Capital Gains Tax and Housing Minister Phil Heatley’s proposal to drop income-related rents”

**** The Housing Lobby wishes to reiterate that the proposal of a capital gains tax is a step in the right direction to correct the continual structural imbalance,” says Housing Lobby Spokesperson Sue Henry.

We do hope that New Zealanders can see through the misinformation and scare mongering tactics being employed by vested interests, pushing the 'politics of greed', who have a lot to lose from this proposal.”

This week sensible ‘investment insight’ commentators have recognised that since February 2011 housing loans have risen another $3 billion to $172 billion. (eg: Bernard Hickey Sunday Herald 10 July 2011

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10737444

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.


This substantial tax-free capital gain falsely over-inflates house prices shutting out home buyers and renters alike.

With the combination of foreign debt and overseas interests jumping on the gravy train, because New Zealand is looked upon as a ‘goldmine’ with no stamp duty, no capital gains tax and no limit on foreign investment, this will lead to dire consequences for the majority of people in this country.

What will be another compounding factor for tenants looking for rental accommodation is Housing Minister Phil Heatley’s admission that income-related rents are set to go* concluded Ms Henry .

* Eastern Bays Courier Wednesday 13 July 2011“State Housing Applicants Prioritised” Esther Lauaki).

Sue Henry Spokesperson Housing Lobby

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The US Opposition To Mortgage Interest Deductibility For Landlords


Should landlords be able to deduct the interest on the loans they take out to bankroll their property speculation? The US Senate Budget Committee and Bloomberg News don't think this is a good idea, for reasons set out below. Regardless, our coalition government has been burning through a ton of political capital by giving landlords a huge $2.9 billion tax break via interest deductibility, while still preaching the need for austerity to the disabled, and to everyone else...
More


 
 

Government: Concerns Conveyed To China Over Cyber Activity
Foreign Minister Winston Peters has confirmed New Zealand’s concerns about cyber activity have been conveyed directly to the Chinese Government. “The Prime Minister and Minister Collins have expressed concerns today about malicious cyber activity... More

ALSO:


Government: GDP Decline Reinforces Government’s Fiscal Plan

Declining GDP for the December quarter reinforces the importance of restoring fiscal discipline to public spending and driving more economic growth, Finance Minister Nicola Willis says... More

ALSO:


Government: Humanitarian Support For Gaza & West Bank

Winston Peters has announced NZ is providing a further $5M to respond to the extreme humanitarian need in Gaza and the West Bank. “The impact of the Israel-Hamas conflict on civilians is absolutely appalling," he said... More


Government: New High Court Judge Appointed

Judith Collins has announced the appointment of Wellington Barrister Jason Scott McHerron as a High Court Judge. Justice McHerron graduated from the University of Otago with a BA in English Literature in 1994 and an LLB in 1996... More

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.