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  1. #2211
    Join Date
    May 2004
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    2,910

    Default

    Quite possible it will not be picked up as 2020 policy by Labour. If it is election policy, and legislated for beforehand, recent history tells us it will be electoral poison.

    In any case it will take years and years to kick in significantly, meaning the revenue neutral aspect (tax cuts) will also take years. (Chewing gum cuts LOL).

  2. #2212
    Join Date
    Aug 2003
    Posts
    7,870

    Default

    Just read this and it's worrying if these concerns are not taken seriously...

    Lack of grandfathering of pre-GST assets and the lack of clarity around valuations of pre GST assets. No CGT discounts - in Aussie there's a 50% discount if asset kept for one year and more.

    cheers,

    Donna
    PropertyTalk Blog - property articles - About PropertyTalk

    BusinessBlogs - the best business articles are found here



  3. #2213
    Join Date
    Sep 2008
    Posts
    7,658

    Default

    . It says the system in the draft report could "stymie investment, business and jobs growth".

    that's labour for you

    all heart

    no brain

    tax + spend + waste

    bathwater + baby

    all got to go

    in revolutionary style


    just look at twitfords kiwi-flop

    10 years in opposition

    and now we see why...

    to misquote an infamous american major about vietnam

    It became necessary to (punish long term planners) to save (destructive actors)

    marx/lenin/stalin/mao/polpot/mugabe/ 3 generations! of kims

    all would agree with that

    and what do they have in common?

    a complete misunderstanding of human nature

    what gives some the right to save for their future?

    when others can't save themselves from sun rise!

    and there's jacinda

    lecturing davos

    on how nobody left behind

    eventually means 10 people carrying 90

    while being abused for having the cheek to stagger
    Last edited by eri; 24-01-2019 at 06:48 PM.
    have you defeated them?
    your demons

  4. #2214
    Join Date
    Aug 2003
    Posts
    7,870

    Default

    nice one eri

    cheers,

    Donna
    PropertyTalk Blog - property articles - About PropertyTalk

    BusinessBlogs - the best business articles are found here



  5. #2215
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,487

    Default

    One of the problems of the CGT is the duplicity involved. Intended and accidental. The spin doctors will be working overtime on this one.

    Notice how all the latest babble excludes any reference as to how adding a CGT is going to make houses cheaper / more affordable? That was eventually seen as impossible to sell, even to the low IQ. Then, exempting the family home was included as a sop to the terminally gullible in the TWG terms of reference. (How long the PPOR remains exempt is anyone's guess, of course.)

    Another crock is the concept of fairness. Fair to who or what? Then a little carrot was thrown in, in the form of 'revenue neutral.' (Implying that the gummint was not just being greedy - which we know is a lie.)

    What all that does is get people discussing the details. Arguing back-and-forth so that - subliminally - the advent of a CGT become established as a fact, if not inevitable.

    To me, excluding inflation confirms the true agenda: more tax lolly, please.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  6. #2216
    Join Date
    Mar 2008
    Location
    Auckland Wide
    Posts
    1,244

    Default Capital Gains Tax - some reasons against

    3 reasons why it might not be a good idea.

    https://player.vimeo.com/video/312841168
    Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
    My Website
    Be informed - register for our free monthly newsletter


  7. #2217
    Join Date
    Mar 2008
    Location
    Auckland Wide
    Posts
    1,244

    Default

    Hello guys and girls,

    I have put together my thoughts around the 3 best reasons against https://player.vimeo.com/video/312841168

    In a nutshell,

    1. It will make the government have a vested interest in asset prices to continue an upward march. Can you imagine a government relying on CGT to then propose a legislation which would spell lower asset prices? Meaning a lowering of tax take
    2. It will deter you from using money from its intended purpose and punishes you for money devaluation. Basically you will be punished for moving from one asset to another and using money as a medium.
    3. Can you rely on a tax which is reliant on asset price movement enough to materially lower income or other taxes?
    Hamish Patel | ph: 09 625 4693 | mob: 021 625 693
    My Website
    Be informed - register for our free monthly newsletter


  8. #2218
    Join Date
    Sep 2008
    Posts
    7,658

    Default

    "We would have the harshest and most extreme capital gains tax of anywhere in the world,"
    If the proposal was adopted in full, we could end up with a system that is more draconian than in Russia and China, he argues.

    https://www.nzherald.co.nz/business/...ectid=12196043

    exactly what comrade jacinda is aiming for

    old style soviet socialism

    https://www.youtube.com/watch?v=g9rsxFaq6Ig&t=79s

    the experiment has been done and the results are proven

    communism quickly bankrupts the state + the people

    socialism being a weaker social acid than communism

    does the same

    only slower

    Last edited by eri; 26-01-2019 at 11:27 AM.
    have you defeated them?
    your demons

  9. #2219
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,487

    Default

    I'll keep saying the reality of it:
    Excluding inflation confirms the true agenda: more tax lolly, please.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  10. #2220
    Join Date
    Nov 2015
    Posts
    208

    Default

    Are 'Not For Profit' or Charity organizations exempt from CGT?

    Could be a work around.


 

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