Thursday, 14 March 2019 08:38

Capital pains

Written by 

National's constant prodding in Parliament recently about capital gains tax (CGT) has caused the Prime Minister to drop her veil of kindness and reveal anger and petulance instead.

The Tax Working Group’s fulsome push for a CGT has Labour on the back foot for now, as shown by the PM’s temper flashes, question dodging and strange desire to explain her ‘small business experience’.

And it has revealed a hard truth for Labour, as noted by political journalist Richard Harman on his website Politik. That is, “the future of any CGT depends on NZ First”. Harman writes that while the party publicly says it isn’t conducting any formal process to decide its policy position on CGT, its supporters are making their thoughts known loud and clear, at public meetings and on the party’s Facebook page, “mostly opposing a capital gains tax”.

“This may explain what is fast becoming obvious -- that Peters is carefully avoiding any suggestion he might support the tax.”

More like this

Dreams aren't plans

OPINION: Milking It reckons if you're National, looking at recent polls, the dream scenario is that the elusive economic recovery finally roars to life.

If voters see some growth and wages rising faster than prices, the government could say they've "fixed" things as they ride into the next election.

Back here on Earth though, the economy they inherited is a basket case, and the long-term headwinds are fierce.

Political commentator Liam Hehir says, "dreams are not plans" and if the turnaround doesn't come in time, National may have no choice but to go negative.

"Everybody wants to fight on the economy if they can. But when neither side has a compelling story, the contest shifts to other issues. That's not new. In fact, it's the stuff of politics everywhere, always."


 Read More:


Trop de Paris!

OPINION: Your old mate's ear has been chewed off recently by farmers voicing their displeasure with the National Party, particularly relating to how they're treating their farmer base.

Air Miles

OPINION: The latest travel receipts for MPs are in (April – June 2024).

Give it back!

OPINION: Most of the country's wage slaves will welcome the extra coin left in their wallets thanks to National's tax cuts.

Featured

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

People-first philosophy pays off

The team meeting at the Culverden Hotel was relaxed and open, despite being in the middle of calving when stress levels are at peak levels, especially in bitterly cold and wet conditions like today.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

From Nelson to Dairy Research: Amy Toughey’s Journey

Driven by a lifelong passion for animals, Amy Toughey's journey from juggling three jobs with full-time study to working on cutting-edge dairy research trials shows what happens when hard work meets opportunity - and she's only just getting started.

National

Machinery & Products

JDLink Boost for NZ farms

Connectivity is widely recognised as one of the biggest challenges facing farmers, but it is now being overcome through the…

New generation Defender HD11

The all-new 2026 Can-Am Defender HD11 looks likely to raise the bar in the highly competitive side-by-side category.

» Latest Print Issues Online

Milking It

Buttery prize

OPINION: Westland Milk may have won the contract to supply butter to Costco NZ but Open Country Dairy is having…

Gene Bill rumours

OPINION: The Gene Technology Bill has divided the farming community with strong arguments on both the pros and cons of…

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter