RT @bernardchickey: Real question for RBNZ is why isn't it cutting rates? Core inflation below 2% target for 6 years. Jobs growing strongly…
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RT @MkBlyth: Thought for the day: Let's say rising wages cause inflation panic cause equity crash. So we have built a system where stabilit…
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RT @MkBlyth: Oic of the day. HT to @DougHenwood for nailing this. Not only is a 2.4% annual growth in wages unlikely to start an inflationa…
9/02/2018 8:22 AM
RT @Adherium: CEO @arik_anderson featured in @beckershr - Rule No. 1 for medical technology: Stay out of the doctor’s way https://t.co/d5FP…
1/02/2018 5:10 PM
RT @MkBlyth: Picture of the day from Llewellyn Consulting. Gross World Product went from 18 to 77 trillion since 1980. Massive Growth. Wher…
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RT @Adherium: In Australia, nearly 40 per cent of #asthma sufferers rely on reliever medications to tackle regular flare ups, instead of us…
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RT @MkBlyth: Interview on WBUR (Boston) with Chris Lydon @radioopensource last night. Chris is the guy that gave me my radio voice a decade…
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RT @Valuetrap13: There is a simple reason corporations are not investing as much. It's the right hand scale. Macroprudential policy based…
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RT @Adherium: Sharp rise in #mHealth app usage - health condition management apps now account for 40% of all health-related apps https://t…
7/01/2018 12:32 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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