Details, details, details…

Labour continues to get tripped up by the details of its exemption riddled tax policy.

In the weekend political shows, David Parker and David Cunliffe soon learned that when it comes to economic policy, details are not a nice to have, they’re a necessity.

One other thing that was buried with out any details:

This looks a lot like a new break-up tax to me. People pay when they sell and divide their assets.

Relationship Break-ups
As a general principle  capital gains on assets transferred between a couple in the event of a relationship break-up will be rolled over and not payable until the asset is realised.

Any approach to relationship break-ups in New Zealand must take into account the approach of the Property (Relationships) Act 1976, which places marriages, civil unions and de facto relationships on an equal footing.  The Expert Panel will advise on how to apply the rollover principle so it is consistent with existing legislation.

Good luck selling that one on the details.

The devil is always in the details and Labour doesn’t want to talk about the details.

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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.