Cunliffe all over the place on capital gains tax

The Fairfax embedded Labour fanboi and sometime political reporter finally comes clean on how the MSM like to pick up their pay cheques without doing any work.

The last sentence in the article says Labour is being dragged into the mire by a clever National by forcing it to explain the detail of its policy!

But by dragging Labour down into the mire, explaining detail of its tax plan, National had its best day of the campaign since its official launch 11 days ago.

Seriously, you actually wrote that, it’s on paper, there is a record of it!

Explaining details of policy is now being dragged into the mire!

Reporting on hacked emails, some of them forgeries is high principled good journalism though.

If you want a proper explanation with detail that treats you like a grown up with a brain stop here, if on the other hand you want to know what a bunch of middle aged gossips with not a lot to do thinks well stick to the MSM.

Forget for a moment the rights, wrongs and details of Labour’s capital gains tax. National is cock-a-hoop.

After days and days dominated by dirty politics, it has shifted the focus – for a day at least – and put Labour and its leader, David Cunliffe, on the defensive.

The issue flared after the Press leaders’ debate on Tuesday when Cunliffe ducked answering Prime Minister John Key when he asked if under Labour a family home held in a trust would be hit by a capital gains tax (CGT) – and then claimed it would.

It was Key’s best “hit” of the night, leaving Cunliffe looking awkward and trying to change the topic.

It is a mystery why Cunliffe did not come back in the second half of the debate and call Key out on misrepresenting his policy, after his advisers confirmed the family home in a trust would be exempt.

Well probably because David Cunliffe is on record as saying that Labour were going to crack down on property speculators using trusts to avoid paying tax…and now he is saying that trusts won;t be attacked with capital gains tax.

Here he is earlier in the year railing against trusts.

National’s insistence that it is cracking down on tax dodgers is little more than a bit of election year chest beating, Labour Leader David Cunliffe says.

“Revenue Minister Todd McClay surely doesn’t believe collecting $100 million of an estimated $7.3 billion a year in unpaid tax proves the Government is playing hardball.

 “The problem is far deeper and more systemic than National is willing to confront.

“Certainly illegal tax evasion needs to be dealt with – people not paying their share place an increased burden on every other hardworking, tax-paying New Zealander – but that is only part a much wider problem.

“Tax avoidance across the board is the genie in the bottle. And that has got to be stopped if we want we are to have a fair and decent society where everyone gets a fair go and everyone pays their fair share.

“It’s also the reason why Labour will introduce a capital gains tax and stop the tax subsidies to speculators who are locking young Kiwis out of their first homes.

“We will also reform the taxation around trusts, so they can’t be used as money go rounds for the wealthy and their accountants, and ensure more fairness between those at the top, middle and the bottom of the income scale through income tax reform.

“National is still protecting its rich mates. New Zealanders deserve better,” David Cunliffe said.

So the man who used a secret trust set up by a blogger at The Standard to launder his donations, that he still hasn’t declared, was once railing against trusts as a means of avoiding tax and now claiming that trusts will be exempt from his capital gains tax.

Another policy flip flop under pressure.

– Fairfax

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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.