Economists' analysis rubbishes National's foreign buyers tax numbers
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.
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.
It seemed to rely on a huge increase in foreign buyers, above pre-ban levels
Er, maybe this is the unstated part of their plan? Have a massive housing sell off to wealthy non residents?
We've now got both Labour and National having policy torn apart by economists.
Awesome.
We need that thing they have some places in the US where you can write anyone's name in if you don't like the candidates. We can just all vote for the briscoes lady or something.
Knowing my luck we would end up with the Chrisco's lady instead.
Remember Paul the Octopus? I vote we just get an animal and have it decide what we do
For every economist there exists an equal and opposite economist.
National's is worse by far. Massive holes that will require even bigger cuts to public services, and dumping more fuel on the housing crisis by allowing foreign buyers back and giving tax breaks to landlords.
Labour's will mean spending time in the courts arguing about what constitutes a fresh broccoli for GST purposes. Not the same.
https://www.merriam-webster.com/wordplay/bothsidesing-bothsidesism-new-words-were-watching