Exactly right. That a certain poster is more concerned about ACT than he is about the ultimate engine of co-governance and division - LABGREETEPATI - just speaks volumes about his leanings.
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Plenty clear that NZ is perfectly within tax & FT agreements to impose the 15% tax on non residents buying $2m+ properties in MZ.
https://www.nzherald.co.nz/nz/politi...AC5HKCBLJ2FLI/
National’s decision to keep Labour’s new top income tax rate whilst reducing the bright line Capital gains down to two years indicates it is happy to further increase the tax burden on younger income earners whilst reducing the burden on gains derived from even more expensive investor housing. Our shift to a low productivity economy supported by immigration from poorer countries whilst the mostly pakeha older population make tax efficient money from real estate will progress further.
I wonder how many houses near the $2m limit will be bumped up by foreign buyers, keen to park their wealth in NZ? Banned now, will the 15% be a disincentive for them? National seems to love residential real estate owners. It probably makes electoral sense for them.
I will probably end up being a non-voter this time around.
Come to think of it if left voters think labour is destined to lose then having Bishop Brian as part of the right wing rat pack will make a comeback much easier ;)