Labour's tax plan too tricky to administer - expert

17 Jul 2011 05:00p.m.

Liberty wrote:

Clarke Socialism is about people helping themselves to other people's money. It's sick

17 Jul 2011 09:14a.m.

Mike wrote:

Labour has been dining out with this/that faction wanting their part of the pie excempt. There is excemptions for Africa so are they in-bed with Nigerian scamers? There must be a reason for the excemption so a dinner trail probably will show why there is an excemption.

They want the family home excempt from CGT while currently if you trade in family homes your capital gains are CURRENTLY TAXABLE. How many dinners bought that excemption into Labour policy?

The rental housing market is defined as around 200,000 Ma/Pa type people owning about 300,000 houses. ie at an average of 1.5 homes each, of which the banks own most of the houses, they are not the housing spectualators Labour claims. They are just ordinary hard working NZ'rs who worked hard, and instead of spending every cent they earned, they saved and invested that income into rental housing. But becuase they saved Labour wants them targeted for extinction as it makes the general Labour Bludger support look bad.

If you do an analysis of income, those Ma/Pa type owners have been setting money aside for their retirement as you sure can't depend on the govt, and even less on a Labour govt. They were a century ahead of Cullens thinking so Labour wants them targeted for elimination ... A choice of invest in property long term, or invest in Kiwisaver - those people under Cullens direction that invest in Maddoff and with ACC lost around $30 bil of our hard earned money ... the property is much more secure and less risky.

If Joe Bludger would cut down their alcohol, smokes, drugs, and other luxeries, then they too could afford to own their own home, and after the home rental property.

15 Jul 2011 03:05p.m.

Clarke wrote:

@chris = mental midget Please stop referring to labour as a socialist party when National are just as socialist. Get your definitions right, you use the word like an insult but really you are insulting all political parties in New Zealand as socialism is about helping other people out. Someone please give chris a scholarship to kindie so that he can relearn some of the basics.

15 Jul 2011 02:49p.m.

Clarke wrote:

Its only the overpriveldged that are moaning about this, and even some of them are actually for it. So really its just uninformed idiots who have no idea that there are reasons for an against this. Housing market prices are set by the market and not landlords.. when landlords sell properties they are competing with people who arent specualtors who arent adding that extra 15 percent. So the market is unlikely to be affected by landlords hiking rental prices as anyone renting a property out isnt subject to a capital gains tax until the sell the property. It doesnt affect their bottom line while they are renting it out so there is absolutely no need for landlords to hike rental prices at all. Its the thieves that will hike the prices up, those that see an opportunity to make "extra profit". But a capital gains tax wont directly impact on rental prices. Look at the directors of the failed finance companies that have been in the news.. 5 or 6 of them this week alone charged with fraud, dishnoesty, theft. And then you have the waikato doctor that nicked off with $350,000 of tax payer funds. These are the real crooks and criminals in our society. Fat overpriveldged cry babies who dont want to contribute. Of course you will have mental midgets like Mouthguard who has already said the top 2 percent of tax payers account for 60 percent of the governments total tax take (complete rubbish of course). Or people like Katrina threatening a max exodus of business and the wealthy. They are all talk though, wont ever happen, even at 39 percent our top personal tax rate is lower than 97% of other developed countries. The only two places to move to that are lower are south korea and mexico. So really, are they going to run away and take their money elsewhere? of course not. John Key has spent the last 3 years rewarding the very people responsible for the recession. All of the rest of us had to suffer while they were given huge tax breaks. John Key has done nothing to benefit "everyday kiwis", infact prices on groceries have gone up by 30 percent in the last 3 years under his stewardship. He is a failure, using old National party tricks such as asset sales which have never achived anything for the country before. And to favour the top 2 percent he took away funding from Womens refuges, elderly care, drug and rehabilitation programmes. He has no idea what to do in the next three years... he's promoting a fire sale of all New Zealand assets and slave labour rates for the youth of this country. And more than likely more cuts to popular programmes.. he will just chuck them in at the end of his 5th year in power. A Vote for National is a vote for nothing new, nothing constructive, and nothing innovative. The same tired old bring rhetoric of how they really really have to just keep giving more and more to the wealthy cry babies of New Zealand because they all keep threatneing to move to mexico lol... well go on then I think their water supply is still third world.

15 Jul 2011 12:38p.m.

ian wrote:

Damned rubbish--too complicated? then eliminate all exemptions.
We want no hidden TAX FREE incomes.All pay a FAIR share to maintain our services and society.
This is the first serious attempt to address the nations debt repayment, without selling off our SOEs.

15 Jul 2011 11:52a.m.

Brad wrote:

Jan - what are you talking about? Rampsacking? Cratches? Suppervision - is this some new Food TV show you are trying to promote?

Kim, you must have missed the bit in Labour's presentation that they are going to need to borrow MORE money than National is currently to pay for all the lollies they are handing out.

So a simple choice for NZ in November. If you want more borrowing and higher taxes - just vote Labour.

15 Jul 2011 11:35a.m.

tony wrote:

another poor report, one man doesn't like it so we print his view, 50 like it but hey! what would they know.
labour has saved nz with the cullen fund,kiwisaver alone.
this finance has saved the finance sector which after the collapse of so many companies,money was scarce. the investment houses will all tell you ,thank god for kiwisaver
and the cullen fund. national have done nothing but borrow,hope and now want to sell. labour create wealth,national destroy wealth. it is sad many argue for that ideology. no economist would favour borrow and hope over wealth creating policies. get real nz labour is the
party of the people for the people not the greedy that would sell the country for money and profit over people.

15 Jul 2011 11:35a.m.

David Jacobs wrote:

All the extras employed to administer this policy will no doubt reduce the number of unemployed and hence raise the wage bill. Square One.

15 Jul 2011 11:04a.m.

chris wrote:

What do you expect from a loser leader and a totally obselete Labour party. The failed socalist party on NZ who dont have clue how to run a successful economy or society. They know how to ruined NZ families with their PC approch, excessive welfareism and socialist experiments.

15 Jul 2011 10:47a.m.

jan.. wrote:

Maybe when Labour or Hone Harawira win the election the country might looking at paying all depths so our country can start again from cratches with no more bloodshed to rampsack of our childrens virginities to attempted murder where most children's were found lying on the streets left for dead at the age of 13 while under the care or suppervision of CYF'S.. Goodluck Labour Golf..