Nicola Willis: National’s tax plan and foreign buyers concern | Q+A 2023
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- čas přidán 1. 09. 2023
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Wow, National's tax policy is literally based on vibes.
😂😂
Assumptions, apparently. Six years and this is all they can come up with.
@@bartymurns😅😅😅 Dumb Vibes stupid
Don't say that ! They'll pinch that old Beach Boys song next ... 😄
"Will you release the full model that gave you the costings including that 2.9 median figure?"
9:35 "I don't think it's necessary because I've released my assumption"
Never assume, Nicola. It makes an ass out of you and me.
What the hell do you think projections are based on????
@@ixlanz ...Data and facts?
She said she wouldn't.
@@ixlanz
Then release the modeling. The fact National refuse to release it raises massive alarm bells.
@riverofstars8567 Certainly most of them.
She's not very tech savy everybody uses VPN and its not breaking the law, shes dreaming when she says gamblers dont want to break the law 😂😂😂😂 WOW
My parents are in their 80's and they know what VPNs are. Its kind of impressive how this past her by.
It is Impractical for National think they can tax foreign casinos even if they are legal, Would care enough about losing revenue from a nz compliance tax and not just geo block nz customers and their credit cards.
I literally have two VPNs! One for school Wi-Fi and another for home Wi-Fi.
Sure, let rich foreign buyers buy up all the homes. Because that's always worked out so well for Kiwis before.
Save our coast!
It’s only houses worth over 2 million plus 15% tax. Average New Zealanders are not buying those houses and even then they will be at an advantage.
@@unknownentity742 until BlackRock offer you 2mill for your 1mill home, then all 1 mill homes become 2 mill homes so they can be sold to foreigners. This targets pre existing houses in limited supply with potentially unlimited money that these big overseas corps have, which will lead to even more inflation. Yes good for current home owners but we need to be patriotic not greedy.
I don't want housing to be a "luxury" Mrs Willis. I want housing to be something everyone can afford vis a vis fulfilling human dignity. We cannot have a prosperous and safe society if people are doing it hard for long periods due to market insecurity and price gougers, of which the housing market is a chief contributor to these problems.
Therefore we need a solid long term plan like the one in front of you. Not another weak winning over policy like the free dental care, whose paying for that? Smells like more tax. nobody wants to work in this country because the labour govt piss money against the wall and need to rob half of our payslip to pay for all their mistakes.
Don't vote labour then.
@@TheBeaker59Labour has made more social housing that Nationals demolished and sold to foreigners
1. 'cost of living crisis'
2. 'squeezed middle'
3. 'work hard'
4. 'get ahead'
5. At last Jack Tame has been boning-up on the basics of Econ 101 😂
All people work hard for their wages. Cleaners , plumbers , salespeople. Each put in a lot of effort to get ahead.
National should have never advocated income tax changes. It should focus on reducing government spending ( wasted spending ) and use savings to reduce debt ( + interest cost) and top up the super fund. Opps almost forgot . Improve health services to the piont were private providers have low customer. numbers.
This would make them different to Act and NZ First.
He's for labour can't deal with 3 years of lies especially with covid pack of lies yes Cindy and Bloomfield and Robertson what a hell time being locked up for what ?chippy you're no better than Cindy good luck national go for it we need a different government I hear you have given a pay increase to your selves .shame on you nurses Doctors are more important they WORK so much for you chippy 😂😂😂😂😂😂😂
How about making housing affordable for new zealanders
I agree, and one way of doing that is to follow Hong Kong Law:
1) Filipino helpers can never become residents
Current NZ law allows 100 to come to NZ every year on a working holiday visa, then get easy residency, then buy land. Do 100 new zealanders go there each year and do the same? No!
Exactly who the hells got 2 million dollars
@renzov7466 the Chinese probably. That's what happened before. Plane liad would fly in buy property and leave
That's what they're doing! Listen! By making the foreign buyers that want to live here pick up the slack so we don't have to out of our own taxpayers pocket. This plan is lowering house prices and still covers all labours holes they've left behind through silly spending.
Because 100 new zealanders won't stick their head down and ass up like 100 filipino people would and work for it.@@vsstdtbs3705
Rich people buying houses has a flow on effect for those at the bottom. Ask people from London and New York who are being priced out of their own city by billionaires and millionaires.
Median and Average are NOT the same thing!!!
Average doesn't just equal mean. It can also be used in the case of median.
Sell anything of value to foreign investors so wealthy people can have tax cuts.
That should work out just fine.
Yeah, we can see how that mentality has worked so well over the last 40 years.
@@joisagirlsname Exactly.
Once all our assets are foreign owned, they can charge us anything they want to and we'll just have to suck it up - like we have to with the supermarkets and and the banks.
Yeah it's such bullshit - both our major parties suck
@@bellablow4287 Yes, you need to choose between bad and worse.
Wealthy people don't need tax cuts and tax breaks...that's why they are wealthy! They DON'T need help...regardless which govt comes in they will still be rich...bet you they don't even have time to vote or care which govt is in power....the Nats just want to fill their OWN pockets!
I thought she would be better prepared. One idea Jack raised that made me think , If someone has a 1.5-1.7 million dollar home, why not raise it to make it legal for foreign buyers? ( they will most likely have a higher financial tolerance than your avg kiwi. It could be highly inflationary.
Also the NZers outbid in the $2M + bracket by foreign investors, who's money almost doubles in value when converted to $NZ, will be pushing up competition in houses under $2M which will cause NZ house prices to increase again. It's not only an inflationary and unproductive investment scam it will also leave more NZers tenants in their own land and seriously risks our FTA with China. There's nothing good in this policy for ordinary NZers.
🤣🤣or frighten them away ...
You can raise ur house price as much as possible but don’t think those rich people are dumb like u that they will simply buy ur shitty property without researching 😂
Because a foreign buyer isn't going to buy an ordinary house for a big price. They are not stupid.
@@dinameyer7591 exposing your naivety. Alot do it do have there money somewhere safe. from certain countries. Do you know how many empty homes their are in Auckland that don't even get rented lol
Production vs consumption.
We will be selling NZers into serfdom to keep the imports coming in.
It really is that simple.
Utterly demolished on her half-thought out policies. Brilliant work on drilling her on this, Jack.
All respect. Wonder why the 'National Front Row Props' often didn't include Nicola Willis ? To be fair, with a Caucus of only 33 MPs (total) each has to cover a huge ground. No-one should be surprised the spade work hasn't been done. Then whatever 'hasbeen' must 'align with Act'. What comes out is a 'mess of pottage' ?
It doesn’t add up Nicola and you know it. Will you resign if the revenue is not gathered as per your plan? Trying to fool people with your numbers is insulting.
Compare to 100k homes vs 2000 completed, and the party still no shame to continuously lead New Zealand. I think National goal is more realistic.
Wow you may as well just be waiving a red flag. At least we have a party trying to be aspirational. The current Mob have spent 6 years beating NZ down and a growing portion are becoming more reliant on the government, which is just what they want.
😂😂😂 Reality check, sure sell our homes to foreign investors 💩. Then we will be squeezed by the banks, and screwed rental homes that these investors bought. So who is going to be screwed YOU and ME.🤨
@@Turtle77735 Willfully ignoring the record number of affordable houses built after that when they changed their focus. Something that would not have needed to be done in the first place if National did not demolish, or sell off state houses, while ignoring calls to increase housing stock for a decade.
@@christinecaspersen1229 The proposed policy is to allow foreign investors to purchase properties that are worth 2 million dollars or more. So I don't really understand your point.
Great work Jack! National deserves to be grilled for what they've proposed. A lot of it doesn't make sense. At least free dental is clear to understand and accept. Nat wants to use one hand to give us "extra money in the pocket" while using the other hand to take even more money away from behind our backs.
How many spare billion do you have for dental? Labour has had 6 years of non delivery, so they stuff it up anyway.
@@KiwiHobbitful probably the same millions National claims it will get from foreign buyers. Though can't blame Labour for the unexpected and external pressures e.g. covid, ukraine war, cyclone etc
Lack of dentists in nz to provide free dental care. Not going to work
@@donnajamieson1775 like the Nats foreign buyer tax then. At least over time we'll develop new dentists who will be contributors to our economy and skill base. Can't say the same for foreign buyers who'll never get taxed due to tax treaties
@@donnajamieson1775 Highly recommend the gang facial, and believe they do excellent dental care as well, all for free.
When National's foreign buyers tax fails to bring in the revenue they claim it will, they will inevitably cut public services in order to compensate. This is on top of the cuts already proposed which, in conjunction with a pitiful tax break for our lowest earners and suppressing benefit and minimum wage rises, will be catastrophic for the poor and middle classes
Simple 1. Don't vote for National or Act 2. On the basis 'even they' haven't done their homework 3. Why they'll 'come back to us all' near 1 Oct when voting opens, and 'they've had time to more-closely study PREFU'
Bring in a tax for all churches and their businesses.
AMEN!
How about taxing iwi
Nah - try having government spend less
Especially a land tax. Those people use so much land.
@@Jay-oh1li Iwi don't pay tax?
You might have to explain that one.
So the housing market is screwed and National is focussing on the $2.9 million worth, less than 2000 in number? Gee is something wrong here? Will this solve the housing crisis?
In 1975 . I saw of oz youth coming to nz to backpack, hitchhike, work etc. Airfares were 70.00 and living was $2 @ day.
NZ First says. Let's take back NZ . In 1970 Uni was free. No GST. Targeted sales taxes and income tax rates were higher.
Who knows, what the best thing is.
No it wont the housing crisis been backed up that much that they can’t keep up with it
It'll solve a problem for holders of $3m+ valuation houses in Auckland that are falling in paper value as we argue over this (?)
Foreign buyers DO buy "family homes" (many of those) as rental investments, you're "modeling" seems to have overlooked THAT.
I suspect the "modelling" is closer to "just pulled the numbers put of my butt".
True, but which family homes cost 2 million plus?
What I'm saying is, Wealthy foreign investors MAY wish to purchase MULTIPLE properties. One to live in as well as some smaller "family" sized ones to rent.
@@DaParty3473 Ok? Why is that a problem?
@@kendrickzhangofficial1101 refer back to Nat Party Tax Policy.
I recall National talking about reviewing the government spending over the last 12 to 18 months. What are the specifics of this review?
Until I heard her at this interview I was going to vote national. Now I have second thoughts. She does not know four years from one year and no contingency plan. Madam ever heard of "anything that can go wrong will go wrong" that is why contingencies have to be provided for.
Their contingency will be a GST increase. That is the single most easy way to get extra tax dollars to fill a hole.
@@kevin5073 GST ...a tax that Labour designed, setting it at 12.5%, Nats Gst component is only 2.5%
@@Dickgoodbody dont be ridiculous.
@@kevin5073 how so? ...your slammin the nats for allocating a Gst component that is pure & total speculation on your part, especially when this tax is a labour design, and they have delivered more Gst to kiwis than any other party?
@@Dickgoodbody National have a tax plan looking increasingly unworkable. Where else will the find the amounts of revenue required to fund it?
jesus, how warm was that room after all that hot air was blown?
Well done!!! Jack
THANK YOU FOR THE BEAUTIFUL QUESTIONS! THEY WERE PERFECT!!!
At least this has caught my interest. 100/100 TV One !😮
Classic Kiwi voting cycle: "Labour didn't deliver a utopia so therefore they suck and I'll vote National instead - this time it's going to be different."
National: a) Tax cuts b) Deregulation c) Privatisation d) Roads.
And when that doesn't make the average Kiwi feel better, sell assets.
Bye bye Kiwi Bank, hope John Key gives Luxon a good price for it.
And the lies, the lies to cover the first lies then more lies to pretend they didn't lie in the first place... "What I can tell you is...."
1. You are 'so nice' 2. So realistic 3. Know you have to keep butter on your bread; food on your table 😅
Finally after this election we may see Jack actually ask the government tough questions!
You didn't see his interview with Hipkins yet, then, huh?!
He giggles like a teenager with Labour and Green politicians
My moms previous owner was Japanese in japan. It was 2 bed room unit. End of story. They will DO Buy family homes as well.
National, in it to make the rich, richer.
Bwahaha the Finance Minister cant give an average because of variations, that was like pulling teeth. Also the Finance Minister for National talked about false hypotheticals even though its her model and her assumptions at least she got something right about her model though, false hypotheticals. The Finance Minister also talked about the real world even though she had a Professor of Taxation who worked for KPMG questioning the validity of her model. Headline fiscal modelling, chuck something on TV and do not give the model for actual scrutiny, and repeat the mantra of our modelling has been carefully prepared and our numbers have been verified. 🤣🤣
True. Recall Paul Goldsmith and National last time.
You see, she is learning about stuff. The education spokes person has said she is not an expert and draws on advice often and considers things.
Shut up ! If you don't shut up Sam Uffindell will turn up at your place in the middle of the night with a bunch of thugs with table legs...and smash you
Well done Jack, you had her squirming. Half baked ideas and nothing to back her up. All I saw in this is the number of consultants they (National) paid (handsomely) to come up with these figures. Jack virtually did it in his head.
He didn’t do anything but be misogynistic by talking over her, she was laughing at how rude and bias he was
@@Tearoha1987bot
@@tooxtalivai0690 not a bot shit face 🤡
@@Tearoha1987aaaaaannnnnnddddd at around 9.36 she admits it’s all assumed. Ffs
If you parachute foreign money into our economy for the wealthy to spend at their discretion it will grow the economy and have no effect on the inflation for people who struggle.
Jack, you will never understand that what you do not understand if you do not Listen!!
National looked like it was sleep walking to victory and then it starts talking about pouring petrol on an already overheated property market. Where is all this foreign money going to come from? Ah, mostly from a country that the U.S.A is increasingly at odds with geopolitically. A smart long term strategy? Where is the desire for real tax reform? It is more inflationary to borrow and pay interest on debt than to just create the money for hospitals and schools. Most money in the system is now electronic anyway. Why not abolish income taxes and just have a consumption tax? The economy would boom.
The economy of people would boom with only a consumption GST value-added tax - until unemployment ROSE, consumption expenditures FELL, the tax take FELL, and then governments' ability to support the poor would be compromised?
PS: on your opening point maybe National knows it can't win, is sleepwalking into NZ political history, so best put on the 'best show' it can ? Clue: the first National-Luxon Annual Conference featured a hush-hush presentation by a former Thatcher adviser. That's 1979-83 'Thatcher Years' out of date (isn't it ?)
That's right, flood NZ with foreign buyers, hoik up inflation yet more, and we get a measly $30 per week averaged out... this is just insane. I will never trust National after what they did to NZ under Key, sold us off to the Chinese. She wants to be the Finance Minister, but all she did was sneer at him and couldn't answer his basic mathematical questions (which any competent economist should have easily). I have no regard for Labour either, but National? Dear god... we'll all be serfs in our own country.
What pisses me off is that 100 Filipino's come to nz each year on a working visa, get easy residency, then buy land. Very hard NZ to get residency over there, and can not buy land! NZ should cancel that agreement and follow Hong Kong law - filipino helpers can never get residency.
That's the general idea for us to be serfs. Build Back Better, you'll own nothing and you'll be happy aka the WEF. Think carefully about who you vote for. This interview has thrown the cat amongst the pigeons for me!
Excargley, Key was traveling the world marketing his business, and his rich friend. He sold out NZ to foreign investors.
@@vsstdtbs3705 The Philippines has about 11% more land area than NZ, and a population about 23x larger. And you're having a cry about 100 of them coming over? And not being able to buy land/get residency 'easily' there? The average salary in NZ is 6x that it is in the Philippines. Do you know what that says? It means they've had to work bloody hard to get enough money to buy land here. I've met dozens upon dozens of Filipinos in my life, and they've all been incredibly hard-working and generally good people. I'd take any of them over a sizeable chunk of the existing population, as a friend or employee. They are absolutely a net benefit to the country.
Oh, and FYI, it's incredibly difficult (if even possible) to get residency/buy property in most of Asia. Take your racist crap elsewhere.
@@Master-ng9uj i work with filipinos and there nice people tbh there better then most New Zealanders lol
This was a great debate! Its is just a sugar hit for Auckland Property Market. Nicola is the real Leader of the National Party! Jack has learnt a great deal and matured greatly after being stationed in the US!
National needs to buy Auckland votes! This is a vote grabbing policy in Dawkland!
This is all a lightweight irrelevant diversion. Really why would a global citizen want to buy property in Aotearoa Auckland ruled by feminists, gays and militant security guards. Wellington compulsory conversion if your not a pipsqueak, or Hutt 1D thug or social Catholic supporter of the English, Coughlan or McKinnons.They have probably become Ronan their that stupid. Right there worshiping and following Ms Say and Celia Wade Brown. That's Don McKinnon and the other idiot McKinnon followers of Xi Jin Ping and Rewi Alley
Best interview yet…exposed some very fragile policy…voters beware
She uses Foreigner Buyers Charge not Tax now. Who would collect payment? What act of parliament would be amended?
HAHAHAHA
i dont think people would vote this year...the pressure is UNREAL. Every party is trying to buy us instead of fixing the problems.
"JUST MAKE EVERYTHING CHEAPER!"
thats all we really want!
exatly, we as a country need to produce more and build more to bring prices down
Like late night Telemarketers selling a rusty car and just repeating the same slogans.
"I dont need to release an economic model, I've said my assumptions."
Good question. What national trying to archives here. Is that their secret? Really? Wow! Where the money come from? National should show some integrity. They are lying. Once they win, they will change what they talk about. Green the way to go. Labour not too bad. Labour try very hard to help us but thanks to the covid interference and bad weather. If you need clean air to breath or healthy life, vote green. Thankyou.
She doesn't know what an average is, amazing.
I know right? WTF, most basic mathematic equation.
Vote these people back in and return NZ to the downward spiral we are still pulling ourselves out of.
A return to the Key era we suffered would be an economical and social disaster.
Nicola is normally very good, first time I've seen her on the back foot. Great interview by Jack, he was well researched.
I've heard Nicila on back foot a few times now. Sometime she won't answer a question at all, or skirts around the question
"...I don't think it's necessary becauwe I have released my assumptions." Nicola, we all know what assumptions are.
Will it increase the houses' price and competition? Isn't it a business for the banks, given that the interest has to be paid first, for years? Is it what we need, when people are already struggling so badly? Am I missing something?
No. You are not missing anything
The average (NZ) median price is about 900k ... and falling ...
And it needs to fall more for housing to be affordable to its citizens.
All very great, unfortunatly all I can see in East Auckland, is foreign buyers buying lovely homes, destroying them and putting up many little boxes, how do we stop this Mr Luxton?
The VPN answer is just embarrassing. People have been using VPNs ever since ISPs used to offer a similar service within their internet plans like 7 years ago
I thought Glassons was NZs Gucci
National introduced the brightside test.
It is good to hear this MP acknowledged action by labour slowed the house market at the upper level. Recall in 1973, labour introduced the property speculation tax. It slowed things, but National removed it in 1975.
brightline test was set by Nats to 2 years, no biggy... but typical labour took it out to a decade.. they love tax !
Speaking of labour & their tax obsession origins... in 86' Labour introduced NZ to GST.. then in 1989, they increased it from 10% to 12.5%... how were low income kiwis advantaged by this, 'kick in the guts 'tax policy?... roll it forward 30+ years and their still taxing us to bits, nah, time for this lot to exit stage left!
More b.s and lies from the 'national' party... They're not even the Government yet and the lies have already started
Are you an Ancient One? You're asking people to "recall" a policy decision from 50 years ago? According to the UN, the median age in NZ is 38.0. It would be astounding for even one person to "recall" an event that they could not have personally experienced. Do you "recall" the Hijra of Muhammad and his followers in 622 CE?
@@Jon.Morimoto people talk to their parents and grandparents in most families.
@@Jon.Morimoto people can read!
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How does the debt based economy affect things now compared to 1970 when we had free Uni and no GST but sales tax on limited goods and higher tax rates. Poeple need to think back sometimes.
This was a watch, National should be worried.
If the new duties and taxes fall short of expectations and the fact will stop other taxes ( designed save for Auckland's spending needs ( recall National stopped the Auckland Habour bridge toll, it would have funded so must since 1979) ) . It clearly they will borrow!
Why did they stop the tolls on the bridge I wonder .The Lyttelton tunnel was paid for by tolls and when I was over in Brisbane, one of the bridges was paid for by tolls .it's a great idea.
The middle class always gets stuffed no matter what imo. Dont think its gona get any better for first home buyers.
I just watched a video in 1975. It was about Oz kids coming to hitchhike around work at Cafes etc. They could travel by for $2 a day. Airfares were $70 from oz.
What party can return us to those days ? Recall 1970 free Uni, affordability of homes.
I think national are targeting a lot smaller voter than labour. Even if the polls say otherwise.
'Eggsactly'. Anytime in the next month they will have dropped that basket ...
The biggest secret in parliament is why JK bailed out when he did. That aside, he shoulder tapped Luxon on his way out to continue “unfinished business.” Therefore a vote for Luxon is a vote for a JK clone…. Will we even see the old flag debate dragged out again. Just saying…
Well done Jack, another great show.
shame he NEVER asked Labour tough questions
@@TheBeaker59and never will...
@@TheBeaker59 they ask the front runner the harder questions.
@@DanafoxyVixen wow that is such a Naïve statement.
@@TheBeaker59 You either have not watched the interviews or have selective amnesia.
External advice from Gary's Economics suggest the money given to business during covid 19 should be paid to the government and so will reduce government debt ( + interest costs) .
What about houses like Christine Fletcher ( ex mayor/MP) in the Epsom seat?
Nicola just got roasted in the air fryer…extra crispy 🍗
National is nothing more than a branch office of property investors. Luxon roughly owns how many properties- about 7. They effectively want to allow more totally unproductive use of capital by shifting the bright line test and increasing the size of the tax free hole.
Where is the vision? Where is the strategy? Where is the productivity growth?
National want to get NZ back on track - yes to being a property market with a small economy tacked in as an afterthought.
And labour has done what ? What are you wanting ?! Regardless if you bag national we need change , nz is going backwards
Totally BS comment, chanting the tired old mantra "Luxon has 7 properties", shock, horror, probe!
@@gregspark9845moving the bright light test is completely self serving policy.
@@gregspark9845How many properties does Luxon own?
And then in the next breath complain about productivity but they themselves won't invest in the productive economy.
Surely this is the ideal way for bad actors to launder their overseas money. Chuck a few million in a house in silly little NZ.
Apart from the housing inflation issue this will cause, you can guarantee this will assist organised crime to ‘invest’ money.
If you don't shut up, Sam Uffindell will turn up at your house in the middle of the night with a bunch of his mates and smash you.
Whattu talking bout Willis 😂😂😂
Perfect response.
I admit I wasn't great at maths at school, but her figures simply don't stack up. Not even in the ballpark.
I just saw a clip that quoted Barfoot and Thompson questioning this 15% tax /duty. How certain is amount? GST is affected by spending habbits why not this?
She brings up Netflix when in fact most people learned about VPNs through using Netflix. I'm pretty sure that is how the normies learned about VPNs...
That was interesting to me too - especially when having a Netflix subscription doesn't mean you don't download other content that isn't available on that platform... Just a bit embarrassing really
What happens when interest rates fall? Why not introduce an interest rebate? Muldoon National Government did this.
When will NZ learn that property is poor investment, even compared to S&P500, yet everyone thinks they have won the lottery when they buy a house.
How about 1% tax on all transactions with no other taxes. NZ LOYAL
Well done jack
Is she a politician or a real estate agent- "we will be able to sell these properties", good grief.
Makes you wonder if they have a "special friend" Real Estate agency like Paula Bennet had for all those State House properties. She sure scored a plum job with them after she left Parliament. A sinecure "job" that didn't require any time on the job while she was pursuing her T.V career etc...
I am so impressed with the questions. Asking the right questions too.
The VPN bit is utterly embarrassing
How much was the consultant's fee??
So we are talking GUCCI Economics v The Warehouse Economics ... 🎉
Will the reintroduction of regional duty on petrol in Auckland reduce the money supply and so dampen inflation pressure?
Thank you jack for the awesome interview
Wish jack grilled grant like this 😅
To be fair he tore Hipkins to pieces too, the guys chin was quivering
He doesn’t need to grill Grant like this because Grant always has the numbers and understands them! He’s actually done a very good job as Finance Minister.
😂 yet these guys are supposed to be good with numbers. There are holes all over her plan
There should be no need to please any foreign government when your sole job is to look out for the people of New Zealand... someone remind these people of this... it's not about there individual pockets
Sir I have seen the video of the car it looks like a hybrid rangrover, the fire was burning under the left of the vertical thats where the batteries are, and desel burns black and needs great heat to start
good work mr jack !
Thank you jack another awesome show bro jack stay maori my bro an stay jack your great at what you do my maori big ups to you and your family cuz peace
This is a peroid in the electrolal cycle were non-government parties ideas are not viewed as words only. So, they need to be able to explain in detail.
Taxing foreign investors is same as Greens / Labour taxing just "wealth" for fairness while only few talk about fair opportunity. OK, only buyers of "fancy houses" are taxed... guess what, if the unintended consequence is again that first home buyers face investors (proxied by citizens/residents) in auctions... all we do is develop and outsource the rental industry... and make a few bucks for New Zealand in the process - but let's call it now Aotearoa - no offence!
It's New Zealand through and though.are you not listening to how that name came about
If GST was imposed on exports? What income would governments get?
Imports have GST applied and paid to Customs Dept.
Currently exports are zero rated, although businesses can claim an input credit for the GST it paid in creating the good or service.
The export GST rate could be 5%. What revenue would this create?
Technically it is applied at point of sale which is in a foreign country so would that not be out of reach to tax a foreign buyer in their country of residence for money to cone back to our government ? Just a question
Arguing for the last cookie in the smoko room.
someone got screwed by Jack. Well done.
While I was living in Sri Lanka not even one Chinese currently ?
All about empires ?
Even though I was born & raised kind of wealthy family but our issues between Tamils & Singhalese never ever been resolved . ( of course I am Tamilian )
National are servants of big money interests!
It is a well-documented fact that both National and ACT have received a significantly larger amount of funding in big money donations than Labour. These big money donations are used to pay for advertising which is in turn used to win votes. Big money donations allow the rich and wealthy to wield massively disproportionate political influence. National and ACT openly benefit from this blatantly anti-democratic practice.
I think that this is a cause for concern. Such practices allow the wealthy to dominate the political system. Such practices encourage political parties to keep in mind the interests of the big money donors who fund their campaigns. This practice undermines democracy by giving the wealthiest few enormously disproportionate political influence.
National and ACT may reject the idea of disproportionate political influence for Māori, but they embody disproportionate political influence for the wealthy. These parties tell us that they believe in the principle of one person one vote, and this may be true in a very literal sense, but it does not stop them from openly benefiting from the massively disproportionate political influence of the wealthy. This disproportionate influence is a serious problem for those of us who want a democracy that is not dominated by a singular class. Why are we not spending more time talking about this blatantly un-democratic practice?
National and ACT are funded by the rich and will serve the rich. Keep the servants of big money out of the beehive!!!
She never answers a question. Fantasies are on the rise again
Also some overseas won't be taxed
She’d never heard of VPN until last week?! National’s finance and taxation bundle a fancy-looking walnut veneer glued onto a cheap MDF base that will swell like weetbix after the first glass of proverbial fonterra milk is spilt. Not saying Labour haven’t screwed things up recently, but I think Chippy is a bit more onto it than people realise
We don't want foreign buyers buy NZ houses when they don't live here. We have enough NZ rich people that can take the houses and free up their old ones.
House market absorbed inflation by appreciating... to the limit... now what... keep building ? Agriculture can only produce that much... oh we turbo charge it with GMO ??
Good job Jack .in this year's election interviews tvnz should bring tova back in as well. ( cat amongst the pigeons ) miss Willis. no thanks.
International trade agreements prevent differential taxation arrangements.
So the foreign buyers tax will never happen.
They are talented bunch of people. All quirky way to let foreign buyers into housing again.