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Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
charsleysa:Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
National government, government decides and national is all about business making money not individuals (in my opinion anyway).
joker97: surely tax free is an oxymoron
Geektastic:charsleysa:Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
National government, government decides and national is all about business making money not individuals (in my opinion anyway).
That does not really explain why no Labour government has every introduced the measure...
This is the sort of thing I am talking about.
Just to show it is not a right wing/left wing thing, the UK plan type I linked to above evolved from one introduced in 1986 when Margaret Thatcher was PM in the UK!
charsleysa:Geektastic:charsleysa:Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
National government, government decides and national is all about business making money not individuals (in my opinion anyway).
That does not really explain why no Labour government has every introduced the measure...
This is the sort of thing I am talking about.
Just to show it is not a right wing/left wing thing, the UK plan type I linked to above evolved from one introduced in 1986 when Margaret Thatcher was PM in the UK!
That example is basically kiwisaver just without tax on investment returns and fewer restrictions on when you can withdraw.
Kiwisaver could easily be tweaked to get the same result.
joker97: Or at least reduced, which I think it is?
Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
charsleysa:Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
National government, government decides and national is all about business making money not individuals (in my opinion anyway).
JimmyH:Geektastic: So, why do we think kiwis are not offered something available in many comparable countries?
I guess because:
1. The revenue loss would have to be made up by higher taxes on something else - assuming people want government services and entitlements to be maintained, and
2. The Treasury and successive governments (rightly or wrongly, on which I have no view) are of the view that tax incentives that apply only to certain favoured savings types just cause savings to be moved around from one option to another, rather than achieving all that much in terms of increased savings or better outcomes.
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