Errors in Labour’s CGT Revenue Forecasts

Via the Tipline

With all this talk of Labour’s CGT and as a response to a question in
recent comments I decided to look at Labour’s actual policy (well the
latest published version of it).

https://www.labour.org.nz/sites/default/files/issues/capital_gains_tax.pdf

According to their projections the CGT kicks in in April 2016.  They
forecast net revenue (which I assume excludes admin and set up costs)
from this new tax of $25 million in 15/16. 

So they mean from April 1st 2015 to March 31st 2016 they will get a
net $25 million from a tax 
that they haven’t introduced yet?
And they want us to vote for them?


Call me a pendant but shouldn’t people who propose to run our country
pay some attention to detail?

I think it’s got to the point where even Labour can’t be bothered putting the hard work into their policies.  After all, they have no expectation of having to implement any of them.


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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.  And 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 that takes no prisoners.

He is fearless in his pursuit of a story.

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

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