this post was submitted on 01 Sep 2023
17 points (94.7% liked)

NZ Politics

556 readers
10 users here now

Kia ora and welcome to the NZ Politics community!

This is a place for respectful discussions about everything that's political and kiwi

This is an inclusive space where diverse opinions are valued, but please don't be a dick

Other kiwi communities here

 

Banner image by Tom Ackroyd, CC-BY-SA

founded 1 year ago
MODERATORS
[email protected]
[email protected]
17
Labour raises doubt about National's tax plan (www.newshub.co.nz)
submitted 1 year ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
 

National needs about $5 Billion in foreign property sales a year to reach its target. Prior to the 2018 ban, China (which likely can't be taxed anyway due to FTA) made up 40% of an approximately $3.75 Billion in total sales. For Nationals numbers to work, the market would have to grown significantly, while leaving the vast majority of properties un-taxed. Further, they have not accounted for any drop in sales due to the tax, global downturn, or any other factors.

It's pure fiction and smoke and mirrors.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 2 points 1 year ago

@Ilovethebomb I guess choose your poison. One side underachieves to your expectations, the other never intends to try.