Property investors’ lobby groups have been up in arms this week about Labour and Greens’ plans to close tax loopholes and fix the housing market. That’s probably a good thing. Like investors in any other sector of the economy, they expect to make money – but they have preferential tax treatment that investors in other […]
Globally, the “neo-liberal” consensus is rapidly vanishing (I use quotation marks because there are some in Aotearoa who deny such a thing as neo-liberalism exists).
Both the Treasury and IRD have been advising the National Government on the benefits of a capital gains tax. Documents released to the Green Party under an Official Information Act request show that John Key has been selective with the facts about the advice he’s received on a capital gains tax. IRD produced advice for […]
The high kiwi dollar is preventing the long overdue rebalancing of our economy according to Reserve Bank Governor, Dr Alan Bollard. Dr Bollard made those comments in June 2009 to his Board when the kiwi dollar was worth US$0.63 and the Trade Weighted Index (TWI) was at 60. Since this time, the kiwi dollar has […]
The IMF released a study late last year that found that the global financial crisis was, in part, driven by growing inequality. In brief, they found that the American middle classes went into great levels of debt to keep up with the rapidly increasing consumption habits of the wealthiest 5% of American society. The IMF […]