capital gains tax

Touching the third rail of superannuation is a brave act by any government, but what about those other curly questions?

Good on you, Bill. I respect political courage. Too often in New Zealand, superannuation promises have been used to buy elections, beginning with Rob Muldoon back in 1975. He made the age of entitlement to universal super 60; it took years of pain and a raft of broken promises to get the age lifted to 65 (back where the old age pension began).

It's a big day of transitioning for Labour, as it clears the decks for it's 'small targets' strategy. But one particular new policy caught my eye

After many months of silence or evasion brought on by the need to regroup, lick wounds and do some policy work, Labour's had a busy old policy day today. It's been out with the old and in with some new.

National has done something so that it looks like it's doing something about Auckland housing. But it reeks of third term-itis when you pretend you're fixing a problem when you're merely tinkering

"So where's the good bit?" Guyon Espiner asked a RNZ guest this morning in relation to National's not-new non-capital gains tax reforms announced over the weekend. The answer is hard to pin down, not because there isn't some value in the changes, but because National's wriggly, squirming messaging makes it so darned hard to understand.

The crazy Auckland property market needs reining in. Capital gains tax as a way of controlling house prices doesn't work overseas, but what about a land tax?

Virtually every day there is a new

The deficit-funded tax cuts that National gave the high income earners is still being paid for by borrowing.

When National won office at the end of 2008, they had a mandate to give median income earners a tax cut 'north of $50 a week'. At the time John Key made that promise he explicitly pledged not to increase GST to pay for it.  

"National is not going to be raising GST," he fibbed. "What I am saying is if we do a half-decent job as a government at growing our economy I am confident that won't be happening."

Heh. "Half-decent."