Bright Line Test is too little, too late

On 1 October, the Government’s Bright Line Test came in to force, despite the fact the legislation has yet to be passed into law. It is still being considered by the Finance and Expenditure Committee. When it is enacted, sometime before the end of the year, it will be retrospective. This is National’s too-little-too-late attempt […]

Continue reading


Will Auckland’s housing price bubble be different this time round?

Maybe. Yesterday, the Reserve Bank signalled enough concern about rising house prices in Auckland that they spooked commentators with the possibility of early rises in the Official Cash Rate (OCR) and a more certain resolve to use complementary tools, like loan-to-value ratios. I have more hope following this statement that the Reserve Bank has learned […]

Continue reading


National’s blind spots on tax reform

This week, the Victoria University Business School hosted renowned international tax expert, Dr Alan J. Auerbach. He contrasted the work and findings of our own recent Tax Working Group with the findings of the UK Mirrlees Tax Review, and the Australian Henry Tax Review. While he saw many positive parallels with the three reviews, he […]

Continue reading