Precisely - running on existing legislation.Where si Labours Tax Policy? Should be some given they spent 9 years in opposition doing something - something like creating policy?
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- Set up a Tax Working Group, to ensure that there is a better and fairer balance between the taxation of income and assets, in particular the capital gain associated with property speculation. The outcomes of this Working Group – if any – will not take effect until the 2021 tax year"
As specified here: https://www.labour.org.nz/tax Dunno how you get they have no policy, its written in plain english right there. So the policy is no major changes till after the next election cycle.. how is that uncertain?
The Government has allowed Housing NZ to borrow $ 2.9 Billion directly despite Treasury warnings. This allows them to keep this debt off core Crown figures to help them try to achieve their stated goal of net debt at or below 20% of GDP.
One more proof that Steven Joyce was absolutely correct about Labour's fiscal hole. However much they want to fiddle with the books, they can't hide it.
Business confidence down to a net 50% saying business conditions will deteriorate (ANZ)
Respondents have 3 choices .....conditions will improve, stay the same or will deteriorate
If say 20% responded stay the same that net 50% figure means 65% responded deteriorate and 15% responded improve (the net 50% being 65% less 15%)
That’s a huge difference between the deteriorates and the improved
A net 50% does not mean half the businesses think things will deteriorate (as often headlined in the media). It’s a net 50%
No wonder the ANZ says it could get ugly
Yeah well people in business do not lose confidence easy, they are natural optimists, usually reflects economic reality they face. A good friends construction business is struggling, just mumbles making seven figures an't going to happen this year..must be worse than that thou as happy to offload his 2017 audi to me in a private sale as long as I offered anything around trade in value and cash....hmmm
Clare must have fallen head over heels with this Derek guy as the next ITO
https://thespinoff.co.nz/business/29...f-new-zealand/
Great to see terms of trade at historically high levels near all time highs.