https://t.co/tlXsLXZarK
26/06/2017 9:21 PM
RT @rethinkecon: 'Going Beyond Exchange' from @TheMinskys @HeskevanDoornen https://t.co/GVNeY8gyIQ
23/06/2017 8:53 PM
RT @ChrisGiles_: Hard or soft Brexit? The six scenarios for Britain https://t.co/Fk2hj8muah via @FT
23/06/2017 8:52 PM
This is worth a read: https://t.co/gjARfKQ6JB
20/06/2017 9:58 PM
RT @PositiveMoneyUK: ...and it’s almost impossible to reduce our debts without causing a recession - Welcome to the debt trap! https://t.co…
20/06/2017 9:49 PM
@Parker_Banking The pirates are in the accendency - on the pirate scale there is no difference between Trump and Pu… https://t.co/XbxmE9OJao
17/06/2017 1:11 PM
RT @PositiveMoneyUK: Why are House Prices So High? https://t.co/kYNWqTc6kP
16/06/2017 3:57 PM
@Omearanz Tax incentives point away from productive investments - asset price inflation is not productive of itself… https://t.co/zOCXPEj93U
15/06/2017 5:00 PM
@Parker_Banking People without income and assets cannot be consumers - superfluous to economy - superfluous to soci… https://t.co/EHIOqdcNXH
15/06/2017 12:18 PM
@Parker_Banking Full of rah rah platitudes: happened before no worries.Then machines replaced muscle/debt low, now… https://t.co/SMvdIfmpi1
15/06/2017 12:15 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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