Capital gains tax is required. in response to Kenobi: the "little guy" is people who can't afford to buy property at all, not property magnates who buy up property in order to rent it or hold it for retirement purposes. A move towards other investment would help the NZ economy also, and improve quality of life by easing homeownership aspirations. Capital gains or a landtax is the answer, the real question is whether to apply it to all property or on 2nd homes owned.
Higher than forecast returns on state companies? lol you mean like power companies that are consitently charging the earth?.Yes Bill tax hikes are likely on the way.. in the form of an increase in GST, the introduction of a capital gains tax... and then the government will throw it all away to give their buddies in big business an easy ride by substantially lowering the company tax rate.So why will GST increase? Why will a capital gains tax be introduced? so that National can screw the little people to give big business an easy ride.Cutting back on state entitlements means government is already better off and groups that were struggling before are in far worse shape, any tax increases now should not be implemented just with the purpose of cutting taxes to business.Business does not have a history of passing it savings onto workers, they have a history of maximising profits for their own personal gain.
The Superannuation Fund should not come into the equation - it is not part of 'normal' Govt tax and expenditure & should be disconnected from this sort of reporting. You may as well include peoples private savings for retirement in the Govt books - because that is what it should equate with.