The contrast of dogmatic policy versus pragmatic politics couldn’t be more obvious.
ACT says imposing a land tax on foreign buyers would break a National election promise, but John Key believes the Government’s respond to changing circumstances.
The Prime Minister has said it may be considered if there’s evidence foreign speculators are having an impact on Auckland’s overheated market.
If the tax is imposed, it could also apply to New Zealanders living abroad after an exemption period.
ACT leader David Seymour, who has a support agreement with the Government, says National promised during the 2014 election campaign there would be no new taxes.
“The introduction of a land tax would be a broken promise,” he says.
“Property rights are meant to be protected by centre-right governments, but it looks like National is too busy trying to put Labour out of a job.”