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Handle9
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  #3186182 25-Jan-2024 04:36
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ockel:

 

tdgeek:

 

 

 

In fact wasnt it mainly global inflation that is reducing?  Locally just seasonal fruit and vege? No influence on both from him

 

 

Our imported inflation was 3%.  Our domestic inflation was 6%.  .

 

 

That is true now. It has been far from true for most of the last three years. Tradeable inflation was significantly higher than non-tradeable inflation for most of 2021 and all of 2022. Tradeables have fallen away more quickly but it's absolute nonsense to insinuate that tradeable inflation hasn't been a problem.

 

 




Handle9
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  #3186183 25-Jan-2024 04:38
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SaltyNZ:

 

ockel:

 

Even before the legislation was due to take effect NZ smoking rates have fallen from 8.6% in 2021/22 to 6.8% in 22/23.  And only 3% of under 25's smoke (which is lower than the Smokefree 2025 threshold).  If the status quo has our rates falling such that ASH see us on track to hit the Smokefree 2025 target where do you see the catalyst for more smoking coming from given repealing the new act only maintains the status quo of the last few years?

 

https://www.ash.org.nz/smoking_rate_continues_record_decline_to_only_6_8_daily_use_m_ori_and_pacific_rates_are_also_reduced

 

 

Counterpoint: if rates are falling so fast that we don't need it, what was there to be gained by becoming an international laughing stock by repealing it?

 

 

There's been almost no reporting of this policy overseas. Almost no one cares about New Zealands internal politics internationally.


GV27
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  #3186190 25-Jan-2024 06:28
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ockel:

 

the RBNZ is not and never has been concerned with different classes of home ownership (and yet we remain at about our 94 year average for % of home ownership).   The DTI is about prudential risk and financial stability.  In that its supposed to be a more nuanced LVR.  If you read the discussion document theres analysis on the financial stress levels of FHB, OO (with and without investments) and investors.  And why its proposing moving to DTIs.

 

 

I've read the documents, many documents over the years on DTIs, and various begging letters for the power to use them.

 

One thing that will increase financial stress is increasing the amount FHBs need to borrow and making it easier for investors to pile in (given they now also have their tax concession on interest back) is entirely counter to the argument that RBNZ has been making for years to justify implementing them in the first place.




GV27
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  #3186191 25-Jan-2024 06:30
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SaltyNZ:

 

For example, NAFT said they wanted to get rid of it in part because farmers were unfairly penalised because they had no alternatives. So, clearly, a thumb on the scale is still warranted. Now there is no pressure for Ford or anyone else to bother attempting to import EV utes into New Zealand. If the government was truly worried that farmers - who already pay tens of thousands less for their utes than you or I do because they can claim it as a business vehicle - could not afford the small fee, they could have instead arranged for waivers rather than killing the scheme outright.

 

 

How does something being a business vehicle mean you pay tens of thousands of dollars less for it?

 

Are you just talking about claiming GST? 


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  #3186192 25-Jan-2024 06:41
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Handle9:

 

There's been almost no reporting of this policy overseas. Almost no one cares about New Zealands internal politics internationally.

 

 

 

 

It's been reported in multiple places. I could find more but you can Google as well as me.





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Handle9
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  #3186194 25-Jan-2024 06:48
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SaltyNZ:

 

Handle9:

 

There's been almost no reporting of this policy overseas. Almost no one cares about New Zealands internal politics internationally.

 

 

 

 

It's been reported in multiple places. I could find more but you can Google as well as me.

 

 

Two whole articles.

 

To repeat no one cares about New Zealand domestic policies. It doesn't make New Zealand a laughting stock.


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  #3186305 25-Jan-2024 10:30
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Handle9:

 

Two whole articles.

 

To repeat no one cares about New Zealand domestic policies. It doesn't make New Zealand a laughting stock.

 

 

There was plenty of overseas reporting on this:

 

New Zealand scraps world-first smoking ‘generation ban’ to fund tax cuts

 

New Zealand government scraps world-first smoking ban

 

New Zealand's new government plans to roll back cigarette ban as it funds tax cuts

 

New Zealand Scraps the World’s First Generational Smoking Ban

 

Rishi Sunak's position on smoking ban 'unchanged' as New Zealand scraps policy

 

New Zealand AXES its world-first smoking ban aimed at stopping children from ever taking up the habit: Plan is ditched to fund tax cuts - weeks after Rishi Sunak announced similar move

 

New Zealand’s decision to scrap anti-smoking legislation will do immeasurable harm

 

New Zealand’s Next Government to Scrap Law Curbing Tobacco Sales

 

New Zealand smoking ban: Health experts criticise new government's shock reversal

 

New Zealand reverses course: smoking ban canceled for tax cuts

 

Rishi Sunak goes it alone on smoking as New Zealand ditches nanny state cigarette ban

 

As New Zealand Reverses Its Smoking Ban, Other Countries Push Ahead

 

New Zealand smoking ban U-turn could be first of many steps to demolish Jacinda Ardern’s legacy

 

New Zealand smoking ban scrapped: Will this affect the UK cigarette ban?

 

New Zealand Walks Back Historic Smoking Ban Legislation

 

New Zealand abandons world’s first ‘generational smoking ban’

 

Anger over New Zealand's U-turn on smoking ban: Health experts say they are 'appalled' by 'purely political' move - as Rishi Sunak vows to press ahead with law to stop kids aged 14 now from ever buying cigarettes

 

New Zealand Reverses World-First Smoking Ban to Held Fund Tax Cuts

 

New Zealand Reverses Smoking Ban

 

How tobacco lobby influences policy as New Zealand U-turns on smoking ban

 

New Zealand smoking ban: Māori mourn loss of hard-won smoking reform

 

New Zealand Will Scrap Its Proposed Generational Ban on Smoking

 

I could go on but I think the point is made.


 
 
 

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freitasm

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  #3186307 25-Jan-2024 10:32
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MurrayM
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  #3186326 25-Jan-2024 11:29
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freitasm:

 

Whoa. So now there are plans to freeze tax for three years.

 

So the only tax cuts here are for the tobacco industry, then?

 

Tax freeze for cigarettes in NZ First minister Casey Costello’s plans - NZ Herald

 

 

It would certainly appear, on the face of it, that this government is doing everything they possibly can to help the tobacco industry.


GV27
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  #3186329 25-Jan-2024 11:31
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I'm unsurprised but I hope they are getting advice on other more positive things with the same kind of urgency.

 

I'm prepared to be disappointed.


SaltyNZ
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  #3186354 25-Jan-2024 12:20
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GV27:

 

I'm unsurprised but I hope they are getting advice on other more positive things with the same kind of urgency.

 

I'm prepared to be disappointed.

 

 

 

 

Never fear, Winston is looking forward to the racing industry getting its mojo back. Just what we need!





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Rikkitic
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  #3186452 25-Jan-2024 14:28
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MurrayM:

 

I could go on but I think the point is made.

 

 

It sure is! Good on you for taking the trouble instead of just letting yourself be browbeaten.

 

 





Plesse igmore amd axxept applogies in adbance fir anu typos

 


 


Handle9
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  #3186463 25-Jan-2024 14:57
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MurrayM:

 

Handle9:

 

Two whole articles.

 

To repeat no one cares about New Zealand domestic policies. It doesn't make New Zealand a laughting stock.

 

There was plenty of overseas reporting on this:

 

I could go on but I think the point is made.

 



Sure. Who was laughing? Has anyone overseas even mentioned this to anyone in this thread?


SaltyNZ
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  #3186466 25-Jan-2024 15:04
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Handle9: 

Sure. Who was laughing? Has anyone overseas even mentioned this to anyone in this thread?

 

 

 

Yep.





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Handle9
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  #3186476 25-Jan-2024 15:28
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SaltyNZ:

Handle9: 

Sure. Who was laughing? Has anyone overseas even mentioned this to anyone in this thread?


 


Yep.


Someone replied to something you brought up in a thread.

Most people don’t care about other countries domestic policies. I’d hazard a guess that 90% of the people in this thread have no idea about Australia’s stage 3 tax cuts, despite it being a massive story there and widely reported.

A change in domestic policies in overseas countries gets a raised eyebrow, not much more. Things like not being able to keep the lights on in South Africa makes a country a laughing stock. This isn’t that.

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