ACT slips the knife into National’s back over potential new land tax

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.”

John Key is just looking to steal another Labour policy so people no longer have a reason to change votes.

It’s an idea unpopular with the Property Institute too, which is pleading with the Government to consider other options.

Chief executive Ashley Church says it’s the wrong way to try fix the housing problem.

“Taxing foreign investors might make a few people feel better, but it will do little to slow down house price inflation in the Auckland market.

“The only way to slow the growth in Auckland house prices is to build more homes as quickly as possible, so rather than penalising those who want to invest in our real estate market, we should be channelling that investment into getting more homes built, more quickly,” he says.

Mr Church believes the Australian model which means non-resident investors can get into the residential property market but only if they build new homes or buy new property.

The funny thing is Labour and Phil Twyford are botching their response by talking up flip flops. John Key simply doesn’t care about that, he is busy stealing Labour’s policy and giving voters no reason to change.

Labour might get what they want but they won’t get government.

It does show however that John Key has no political philosophy other than retaining power.

-Newshub


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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.

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