Labour's CGT Will Make Housing Affordability Worse
Labour's CGT Will Make Housing Affordability
Labour's capital gains tax,
won't do what David Cunliffe says it will, according to the
Taxpayers' Union, backed up by a former Deputy
Commissioner of Inland Revenue, Robin
Taxpayers’ Union Executive
Director Jordan Williams says, “Labour are misleading
taxpayers if they think a CGT will be a panacea for the
housing market. Mr Cunliffe is wrong to say that current tax
law does not tax property speculators."
already applies to speculators, builders and developers.
Taxing the rest of the market can't possibly bring down
Robin Oliver, says, "Under an Australian type
Capital Gains Tax a person choosing between investing in a
business or buying an even more expensive home will have an
increased tax incentive to invest in the home. Gains on the
home will be tax-free, gains on the business will be taxable
and it will be difficult to use any capital losses the
business makes. The playing field is clearly tilted towards
home ownership rather than risking money in a business
Williams says, "Ultimately, Labour’s
capital gains tax is a tax on entrepreneurship, innovation
© Scoop Media
PM's Statement: Deadly Eruption Of Whakaari / White Island
At this stage, we can confirm that amongst those currently listed as missing or injured are New Zealanders who were part of the tour operation, and tourists from Australia, the United States, the United Kingdom, China and Malaysia. That is to the best of our knowledge.
To those who have lost or are missing family and friends, we share in your unfathomable grief at this moment in time, and in your sorrow. Your loved ones stood alongside kiwis who were hosting you here. We grieve with you, and we grieve with them... More>>
RNZ Updates: Police Confirm Criminal Investigation
Speaking at a media conference late this afternoon, deputy police commissioner John Tims said the terms of reference for the investigation will be decided on in the next few days...
Ministry of Health spokesperson Pete Watson said 25 of the 31 people injured by the eruption are in burns units in Christchurch, Hutt Valley, Waikato and Middlemore Hospitals. More>>
Gordon Campbell: On The Eruption And Tourism Safety
Adventure tourism is a central theme in New Zealand tourism, and by definition, adventure always includes a certain level of risk. That said, New Zealand itself is also at risk of being seen as a tourism destination where commercial factors – rather than safety factors – are routinely allowed to determine the point where the boundary line of acceptable risk is being drawn. More>>