Thursday, November 5, 2009

Transtasman Booboo

Adolf enjoys the transTasman monthly newsletter which is usually excellent and informative.

In today's issue, unfortunately they let themselves down badly with a very sloppy bit of work, misquoting Finance Minister Bill English. Trouble is, they have him saying precisely the opposite from that which he did say. Here it is.

The quote from transTasman:-

"...Although the Govt’s thoughts on changing the tax system are still being treated as a closely-guarded secret, Finance Minister Bill English gave a hint this week changes to property tax are on the agenda. English says they’ll be “seriously considered” when the tax working group which is reviewing the entire system reports policy options. He gave another assurance there won’t be a capital gains tax but says he isn’t ruling out anything else.."
No doubt about that, is there? No capital gains tax on anything. End of story?

Well no. Here's what he actually did say on TVNZ7's programme filmed and aired this week.

"...Although the Govt’s thoughts on changing the tax system are still being treated as a closely-guarded secret, Finance Minister Bill English gave a hint this week changes to property tax are on the agenda. English says they’ll be “seriously considered” when the tax working group which is reviewing the entire system reports policy options. He gave another assurance there won’t be a capital gains tax on personal residential property but says he isn’t ruling out anything else.."
Now, that's the colour of an entirely different horse, don't you think.

Adolf looks forward to an apology and correction from the good people at transTasman.

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