@NewsroomNZ @bernardchickey Good comments today on radio today @bernardchickey RBNZ soft on pushing back on asset p… https://t.co/m0Sh7fohHG
7/12/2017 6:07 PM
@NewsroomNZ @bernardchickey Hard to lead with thinking based on incomplete model of the economy: inflation targetin… https://t.co/kDCAMJM1HV
7/12/2017 8:27 AM
RT @TheMinskys: Watch @StephanieKelton brilliantly explain why we should stop talking about the #deficit as a problem and start talking abo…
5/12/2017 8:08 PM
RT @TheMinskys: "Public-private partnerships conflate public and private interests, and in conflicts between them, the private interests wi…
26/11/2017 12:02 PM
RT @PolicyObsAUT: Is the NZ public service restructured too much? New Briefing Paper by Julienne Molineaux from @autuni https://t.co/BUISP…
26/11/2017 12:02 PM
RT @Ozlandscapes: #Lateline story on demise of Darling River, at hands of irrigated cotton, is yet another example of how money determines…
26/11/2017 11:58 AM
@mrmedina @Tat_Loo At best redundant. ..
25/11/2017 5:46 PM
@liamdann 2006 again?
22/11/2017 8:18 PM
RT @PolicyObsAUT: And now a report from Australia, saying high house prices are not linked to under-supply. Could policies supporting specu…
22/11/2017 8:46 AM
RT @FT: 'This really is the first time we see the news organisations coming together like this in order to address this crisis of trust in…
20/11/2017 12:20 PM
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16
DEC 09

Ever wondered why?




A story as old as New Zealand politics, capital gains tax a near death experience in New Zealand. A New Zealand that desires so much to show the world how to do things properly, gst and no exceptions, have a care for the WTO rules, be an exemplary international citizen to the detriment of local interests even. But when it comes to a blanced tax, when it comes to doing something every other jurisdiction does CGT just gets too hard.

Only when you understand that whilst only 5% of the population at large have second properties close to 60% of our MPs hold more than the family home. Does that answer the question.

I was at a meeting recently and some there commented he had heard a comment that a change might be desirable but it would never happen, as it would influence that individuals tax paid. Wishful thinking, maybe, but the individual was high up in the IRD. I do not know what the incidence of second house ownership is in the top levels of the civil service but I suspect it is much higher than the 5% in the general population.

Maybe someone can correct me?
 


tags: cgt, gst, mps, conficts
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