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Some folks take the wrong lesson from intermediate microeconomics – or never took the course in the first place. I worry that too many of them staff Wellington’s bureaus. Read more
Patrick Carvalho joins Peter Williams on Magic Talk with his take on the Tax Working Group report and the impact of a proposed capital gains tax. He explains why the broad-based top rate of 33% CGT would push New Zealand to the top of the international CGT rankings among industrialised economies, just behind Denmark and Finland. Read more
Wellington (21 February 2019): The Tax Working Group’s report released today proposes a broad-based top rate of 33% capital gains tax (CGT). The New Zealand Initiative argues in a new policy note, The Pitfalls of CGT, that headline rate would immediately push New Zealand to the top of the international CGT rankings among industrialised economies, just behind Denmark and Finland. Read more
The Tax Working Group’s report proposes a broad-based top rate of 33% capital gains tax (CGT). Patrick Carvalho explains to Larry Williams on Newstalk ZB why fully taxing capital gains would likely have undesirable effects on productivity, investment and growth, and impose significant compliance costs. Read more
Only the officials at Inland Revenue know why they commissioned a poll on Kiwis’ attitudes to tax that included questions about the respondents’ general political orientation. Releasing the polling data should be part of fixing any perceived problems. Hamish Rutherford’s reporting at the Dominion Post raises questions about the Department’s political impartiality. Read more
Lime scooters are Satan’s own vehicle. If you ride one, you will lose control, scrape your knees, maybe even break a leg. Read more
What can politicians who care about value for money in government hope to achieve? Where should they focus their efforts? Read more
Anybody even remotely connected with housing, housing research, the building industry – or with the ability to fog a mirror by breathing on it – had to know it was near-impossible for the government to meet its KiwiBuild promises on its 10-year schedule. Our current planning rules, infrastructure financing mechanisms, building materials supply regulations, council incentives, zoning, training of construction workers, rules around letting more construction workers into the country, rules around foreign builders being able to build here, rules around foreign financing of building projects, Resource Management Act processes – all of it made any non-trivial KiwiBuild impossible. Read more
Readers will be familiar with that exasperating feeling of looking for something and not finding it. You know it should be there, but it is missing. Read more
During her tour of Europe last month, Prime Minister Jacinda Ardern wrote a piece in the Financial Times. As it was published behind the London newspaper’s paywall, most New Zealanders probably missed it (though a copy is available on the Beehive’s website). Read more
