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Economists' analysis rubbishes National's foreign buyers tax numbers

www.rnz.co.nz Economists' analysis rubbishes National's foreign buyers tax numbers

Economists analysing National's foreign buyers tax have found it would likely raise $210 million a year - falling well short of the $740m a year National expects to rake in.

Economists' analysis rubbishes National's foreign buyers tax numbers

When the details of this policy were released, it really didn't pass the sniff test. It seemed to rely on a huge increase in foreign buyers, above pre-ban levels, and ignored any potential reduction in sales due to the tax itself.

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