I have not done any wrong to be banned. Different people have different writing style and personality.
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- $740 million on average per year from introducing a 15 percent foreign buyer tax on purchase of houses worth over $2 million
- $525 million on average per year from ending the commercial building depreciation tax break
- $179 million on average per year from closing a tax loophole and ensuring offshore operators delivering online gambling to New Zealanders, pay tax
- $123 million on average per year from moving to user-pays immigration levies, excluding tourist visas.
This shud effect some listed companies badly ....Commercial REITs and SKC comes to mind !!
It's an incongruous and out of context tax grab from National, who wouldn't normally penalise businesses that own assets. Depreciation is, as you say, a legitimate expense on business (the depreciation rates specified in tax law), so removing this deduction is is not a "tax break", it is a tax penalty on business, quite the opposite of what we might expect from National.
Still working through the details of the National announcements today, but there's some quite counterintuitive policies for a centre right party. It seems almost desperate to catch the centre, at peril of forsaking the right (where the wealth really comes from).
Evening all, please see below.
"Sailor Rob wishes to thank supporters. He has been banned for 'too many complaints' He wants to say that he doesn't even know how to complain about anyone and never would dream of it. He thinks it best that ideas are best debated not censored. He asks why nobody has complained to him instead of weaseling to the teacher. He wishes to remind all that the value of anything is simply the sum of the net cash that will be generated from the enterprise between now and eternity discounted back to today. He suggests using a discount rate of between 10 and 15%. He says to focus on both the certainty and the timing. If no cash is generated next year this simply burdens the future even more."
You guys see SB got banned and the reason given was “too many complaints”.
So not a specific offending post (that actually breaks the rules)
Geez. I know he spars with a lot of people - but a bit harsh to get a ban!
Worse than that - there does not need to be a capital gain for it to be imposed.
I hope the Nats don't take more leaves out of the playbook from the British right wing Conservatives, whose Boris Johnson said "F*** business" when some business leaders criticised his policies. Because there wouldn't be any Party left that I would vote for...
That quote fits perfectly with his personality, lack of social awareness and narrow-minded obsessions.
I did not put him on my ignore list just to have some other poster act as his mouth-piece whilst banned so you go on the list too.
And don't expect to get a Christmas Card from me either :p