Our new coalition government.

To post in this sub-forum you must have made 100 posts or have Trust status or have completed our ID Verification

Forums › Politics › Our new coalition government.

1 | ... | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | ... | 182

13684 posts

Uber Geek

#2175053 8-Feb-2019 13:44

networkn:

I don't care (much) that she didn't know, I care she lacked the honesty to say so.

I am wondering what their plan is to address the apparent 57,000 vacancies in the building sector, whilst still cutting immigration (another flagship policy).

Hopefully address the clusterf$Sk that is the present industry training / apprenticeship scheme.

Lenovo

Shop now for Lenovo laptops and other devices (affiliate link).

Bluntj

550 posts

Ultimate Geek

#2175057 8-Feb-2019 14:03

Dingbatt: I’m way less interested in the PM’s ability to parrot the articles of the Treaty than I am in the content of her ‘State of the Nation’ speech this morning.
Setting forth the agenda for the next 18 months is very important and I need to have a proper look at what was said and not just what is reported in the media. Particularly with respect to tax changes and training opportunities.

"Sunny but clouds gathering"....really Jacinda? Maybe she is after a job as a TV weather presenter, right after a lolly scramble at Waitangi.

Dingbatt

6736 posts

Uber Geek

Lifetime subscriber

#2175065 8-Feb-2019 14:18

Bluntj:
Dingbatt: I’m way less interested in the PM’s ability to parrot the articles of the Treaty than I am in the content of her ‘State of the Nation’ speech this morning.
Setting forth the agenda for the next 18 months is very important and I need to have a proper look at what was said and not just what is reported in the media. Particularly with respect to tax changes and training opportunities.

"Sunny but clouds gathering"....really Jacinda? Maybe she is after a job as a TV weather presenter, right after a lolly scramble at Waitangi.

But remember Winston said whatever happens it’s not his fault...

“We’ve arranged a society based on science and technology, in which nobody understands anything about science technology. Carl Sagan 1996

Bluntj

550 posts

Ultimate Geek

#2175084 8-Feb-2019 15:29

Dingbatt:
Bluntj:

Dingbatt: I’m way less interested in the PM’s ability to parrot the articles of the Treaty than I am in the content of her ‘State of the Nation’ speech this morning.
Setting forth the agenda for the next 18 months is very important and I need to have a proper look at what was said and not just what is reported in the media. Particularly with respect to tax changes and training opportunities.

"Sunny but clouds gathering"....really Jacinda? Maybe she is after a job as a TV weather presenter, right after a lolly scramble at Waitangi.

But remember Winston said whatever happens it’s not his fault...

True story....nothing has ever or will ever be his fault.

wsnz

642 posts

Ultimate Geek

#2175110 8-Feb-2019 16:51

Bluntj:

"Sunny but clouds gathering"....really Jacinda? Maybe she is after a job as a TV weather presenter, right after a lolly scramble at Waitangi.

The Labour pamphlet delivered to us today states:

Aim 1: Grow and share our prosperity fairly. What have we done? We've delivered solid and sustainable economic growth, reduced unemployed to 3.9% the lowest level since 2008.

Will the next one say they've delivered higher unemployment, or will that be entirely due to external factors?

networkn

Networkn
32184 posts

Uber Geek

ID Verified

Trusted

Lifetime subscriber

#2175160 8-Feb-2019 18:36

wsnz:

Will the next one say they've delivered higher unemployment, or will that be entirely due to external factors?

It's Nationals fault!

GV27

5869 posts

Uber Geek

#2175209 8-Feb-2019 19:54

Am waiting to see what we are in line for in terms of tax reform. The language JA has used suggests it's going to be 'bigger picture' stuff than just a Capital Gains Tax. I note CAANZ has asked it be delayed as they feel there is not enough time to flesh it out with proper due process on Labour's timetable.

networkn

Networkn
32184 posts

Uber Geek

ID Verified

Trusted

Lifetime subscriber

#2175244 8-Feb-2019 19:59

Fred99:

Hopefully address the clusterf$Sk that is the present industry training / apprenticeship scheme.

I haven't seen anything that indicates this is a priority or even really on their agenda for the short to medium term.

What do you see as the key issues?

GV27

5869 posts

Uber Geek

#2175430 9-Feb-2019 12:56

GV27:

Am waiting to see what we are in line for in terms of tax reform. The language JA has used suggests it's going to be 'bigger picture' stuff than just a Capital Gains Tax. I note CAANZ has asked it be delayed as they feel there is not enough time to flesh it out with proper due process on Labour's timetable.

https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/finance-minister-grant-robertson-weighs-in-on-capital-gains-tax-pushback/

"We [Government] have been talking with the IRD officials and we believe the time is there."

"Everyone is getting ahead of themselves, we haven't made our decisions yet on the Tax Working Group report."

"But we do believe there is time, in the parliamentary calendar to do what we told the public we would do."

Last week the Government received the much-anticipated Tax Working Group report and says it will respond to its recommendations in two months' time.

The report won't be made public until later this month.

Any legislation which may result from the group's work would be passed before the end of this parliamentary term.

There may be time in the parliamentary calendar, but you can do almost anything under urgency. The concern is that there is not adequate time for consultation with the public and various professional bodies who would also be dealing with this, not just with the IRD.

tdgeek

29581 posts

Uber Geek

Trusted

Lifetime subscriber

#2175444 9-Feb-2019 13:43

I don’t think that is what she is saying

The working group that everyone criticised has been going on for an age and that’s a good thing. I read stuff this morning actually looking for stuff on baches and it’s commonly put everywhere that they want consultation with the stakeholders and public. It doesn’t come in for over two years and after the election. Their so called transparency. It goes public nextt month, there is a huge period for debate. It won’t be out through with urgency there is no need to. National can drop it if they get elected. IMHO it’s a lengthy and thorough process.

As long as they don’t tax unrealised profits, and do not use the grandfather valuation it’s a fair tax.

GV27

5869 posts

Uber Geek

#2175447 9-Feb-2019 13:57

tdgeek: I don’t think that is what she is saying

The working group that everyone criticised has been going on for an age and that’s a good thing. I read stuff this morning actually looking for stuff on baches and it’s commonly put everywhere that they want consultation with the stakeholders and public. It doesn’t come in for over two years and after the election. Their so called transparency. It goes public next month, there is a huge period for debate. It won’t be out through with urgency there is no need to. National can drop it if they get elected. IMHO it’s a lengthy and thorough process.

As long as they don’t tax unrealised profits, and do not use the grandfather valuation it’s a fair tax.

I'm saying the "parliamentary timetable" is an irrelevant argument because you can force almost anything through under urgency. CAANZ is concerned about the opportunity to provide meaningful feedback given the legislation would be passed prior to the election.

The Working Group has been criticised because they released an interim report and then Cullen told everyone off for reading the report and asking questions based on it; because "it's not the final report" - how dare we even ask.

There is plenty to discuss, given it will likely effect every Kiwisaver, business, inheritance and potentially many other assets out there; rushing the consultation because "it doesn't come in for two years" is a recipe for disaster.

tdgeek

29581 posts

Uber Geek

Trusted

Lifetime subscriber

#2175468 9-Feb-2019 15:53

GV27:
tdgeek: I don’t think that is what she is saying

The working group that everyone criticised has been going on for an age and that’s a good thing. I read stuff this morning actually looking for stuff on baches and it’s commonly put everywhere that they want consultation with the stakeholders and public. It doesn’t come in for over two years and after the election. Their so called transparency. It goes public next month, there is a huge period for debate. It won’t be out through with urgency there is no need to. National can drop it if they get elected. IMHO it’s a lengthy and thorough process.

As long as they don’t tax unrealised profits, and do not use the grandfather valuation it’s a fair tax.

I'm saying the "parliamentary timetable" is an irrelevant argument because you can force almost anything through under urgency. CAANZ is concerned about the opportunity to provide meaningful feedback given the legislation would be passed prior to the election.

The Working Group has been criticised because they released an interim report and then Cullen told everyone off for reading the report and asking questions based on it; because "it's not the final report" - how dare we even ask.

There is plenty to discuss, given it will likely effect every Kiwisaver, business, inheritance and potentially many other assets out there; rushing the consultation because "it doesn't come in for two years" is a recipe for disaster.

Rushing? It’s been worked on for a year it won’t come into law until after the election there seems plenty of time . How long should we discuss it? 4 years?

What’s important is, is it fair? I pay tax on my Salary earnings and I did when I ran a small business fir three years and I did on a capital gain on a rental we sold. That’s all current legislation. If some other tax free gains are included that’s fair. We should all pay tax on our income and capital gains that are not captured is tax free income. As long as the two instance I don’t support are excluded I’m fine with it as are many countries. It’s simply long term income tax.

GV27

5869 posts

Uber Geek

#2175484 9-Feb-2019 16:25

tdgeek:

We should all pay tax on our income and capital gains that are not captured is tax free income. As long as the two instance I don’t support are excluded I’m fine with it as are many countries. It’s simply long term income tax.

Before you even get to the ins-and-outs and technicalities of such a tax, there's also the issue of will it actually do what people seem to think it will?

There are many many sticking points and philosophical issues with capital gains taxes - there's plenty of potential debate to be had about the two lines from your post I've quoted alone. As you point out, we already have provisions for capturing many of them. Even well-written tax laws can have unintended consequences years down the line.

Tax law by campaign slogan is guaranteed to be a total mess.

tdgeek

29581 posts

Uber Geek

Trusted

Lifetime subscriber

#2175615 9-Feb-2019 19:36

GV27:

tdgeek:

We should all pay tax on our income and capital gains that are not captured is tax free income. As long as the two instance I don’t support are excluded I’m fine with it as are many countries. It’s simply long term income tax.

Before you even get to the ins-and-outs and technicalities of such a tax, there's also the issue of will it actually do what people seem to think it will?

There are many many sticking points and philosophical issues with capital gains taxes - there's plenty of potential debate to be had about the two lines from your post I've quoted alone. As you point out, we already have provisions for capturing many of them. Even well-written tax laws can have unintended consequences years down the line.

Tax law by campaign slogan is guaranteed to be a total mess.

As bolded, tax law isn't a mess. You and I may earn a salary, a business earns an income. Govt also earns an income, that is tax or taxes.

Taxes are normal. Many feel tax is a "tax", a penalty, not needed.

Where do you feel tax is ok, and not ok?

GV27

5869 posts

Uber Geek

#2175635 9-Feb-2019 20:01

tdgeek:

GV27:

tdgeek:

We should all pay tax on our income and capital gains that are not captured is tax free income. As long as the two instance I don’t support are excluded I’m fine with it as are many countries. It’s simply long term income tax.

Before you even get to the ins-and-outs and technicalities of such a tax, there's also the issue of will it actually do what people seem to think it will?

There are many many sticking points and philosophical issues with capital gains taxes - there's plenty of potential debate to be had about the two lines from your post I've quoted alone. As you point out, we already have provisions for capturing many of them. Even well-written tax laws can have unintended consequences years down the line.

Tax law by campaign slogan is guaranteed to be a total mess.

As bolded, tax law isn't a mess. You and I may earn a salary, a business earns an income. Govt also earns an income, that is tax or taxes.

Taxes are normal. Many feel tax is a "tax", a penalty, not needed.

Where do you feel tax is ok, and not ok?

Tax law isn't a mess as a rule because it involves a lot of time and effort from people who have a bit more skin in the game than "wealth bad, state good".

Without going down the all-tax-is-theft road (because lol) I don't believe it's ethical to campaign on a tax you're bringing in because *house prices are too high* and then apply it to all assets at the same rate. It's also disingenuous to talk about how other countries have them without going into the allowed exemptions, deductions, indexation etc that other jurisdictions allow that have already been ruled out in New Zealand.

I also think it's a giant waste of time to "spur investment into productive areas and away from speculation" or whatever the talking point is when you plan on taxing Kiwisaver withdrawals, family business sales and other investments but don't tax the family home, which has a documented (the McMansion) effect. If I make money through a business I set up, that productive gain is bad, but if I'm a salary worker who pays down a mortgage, that's exempt because....well it doesn't make any sense.

Then there's the merits of bringing in a tax with a valuation day that seems to be on the precipice of a general slowdown and off the back of loss ring-fencing and a foreign buyer ban; should those things be effective, it's possible we end up with high initial valuations and no gains being made whatsoever.

1 | ... | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | ... | 182