Sunday, May 17, 2015

Thicker Than Vegemite

But not as healthy.

Andrew Little, that is.

The PM announces a major change in the taxation treatment of residential housing for ALL VENDORS but Little whitters on about foreign investors who apparently make up less than 7% of purchasors/vendors.

"For years the Prime Minister has denied there is a crisis, refused to admit foreign investors are pushing up house prices and said there is no need to dampen down housing demand. Today John Key has been forced to eat his words."

The only politician who appears dumber than Little these days is Shorten.   Maybe its all in the name.  If Little was Shortened he'd be easier for them to throw under the bus.

2 comments:

Nick K said...

I think you need to read the Nats press release here: https://www.national.org.nz/news/news/media-releases/detail/2015/05/16/Budget-2015-Taxing-property-gains-fairly

It refers to "overseas" or "non-residents" 10 times in a very short release.

Adolf Fiinkensein said...

Nick I thin you need to understand that the CGT within two years applies to everybody.

All it is doing is giving IRD greater certainty in chasing speculators, Kiwi and foreign, No longer will they have to prove 'intent.'

I have no problem with that.

As for the politics of it all, as you say, brilliant.