Go to the site this way.
Go to the site this way.
This entry was posted on Friday, July 15th, 2011 at 3:00 pm and is filed under asset sales, Capital Gains Tax. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Good thing there is no policy from the Government about selling the power companies, bank or airline to pay off debt.
And if some carefully worded survey was the inspiration for the Labour Party to actually do something, get some political courage and think ahead, then that’s pretty sad.
and the good news is that if they ever do get sold down the track, you can tax yourself 15%! Yay for increased revenue from taxation!
Isn’t it a bit misleading to ask people “if we should sell our bank” when the Govt’s part-privatisation model does not include Kiwibank?
How is it a ladder, or in fact an income producing asset when Phil Goff said on the 13/9/09 that Labour wouldn’t be taking dividends from the energy companies – cost $700 million
‘When your in a hole, why sell your ladder?’
Sums it up, really.
…when the Govt’s part-privatisation model does not include Kiwibank?
Bit of a selective memory there sbw. Bill English was happily talking about selling Kiwibank in public back in May 2010. That will come back onto the Agenda as soon as National thinks it can get away with it.
Which will be next term, if they are elected this term. John Key has said no where that the mandate he is seeking to sell State Assets apply only to the ones he mentioned. He uses them just as examples.
Coming back from ‘Own our future’ this point was unavoidably powerful, and I felt I had to share it.
4. The numbers don’t stack up
Selling the SOEs the Government has on the block will cover New Zealand’s debt repayments for just two months. But we will never see the $700 million they return as dividends ever again.
Let’s keep the ladder!
how come people refer to asset sales when they are partial sales at a max of 49% .. the truth needs to be stated even though it may not sound as strong an argument
One that came up on Twitter a few months ago:
That appears to be NActs policy as well – selling our assets, the ones we need to support our society, to foreign nationals so as to pay off excess debt that they borrowed to pay for the tax cuts that they gave out.
We really do need to ask who they (Nact) are working for because sure as hell isn’t us.
How can you say “well beyond the election in 2011″ when on Radio NZ this morning Phil Goff wouldn’t confirm if the policy would be retained if Labour did not win the election?
@Sean – while that may be your thoughts, like I can imagine with the first round of part-privatisations the Govt will make their policy clear and campaign on it. Therefore, I can imagine should the Govt decide to start on Kiwibank, it would campaign on it. As a result, it is a bit misleading to state the Govt is going to do something where they have not indicated so.
..
When we’re in a hole
John Key & Nats sell our ladder
They give themselves big tax cuts
With money borrowed overseas
Then they say our wee tax cuts can buy us spades
And tell us we’re not digging deep enough
We tell them about our perspiration
But National say that is aspiration
The new website will be fab when it is finished….why only eight MPs in ‘Meet the MPs’ section?
Therefore, I can imagine should the Govt decide to start on Kiwibank, it would campaign on it.
You have an optimistic view of the government sbw. They will clearly stretch the mandate they hope to get in this election to cover as much as they could get away with. They have done it again and again through this parliament.
You have to remember that Key, Joyce, McCully are all figures in the ‘Hollow men’ right next to Brash. They all went into the 2005 election gleefully lying to the public about the actual agenda of the National Party in that campaign, and they are doing it again.
In addition, Bill English was exposed decieving the public over the National party agenda leading up to the 2008 election.
Just look at the figures regarding the planned sale – all this for two months worth of debt repayment worth of Asset Sales? Not a chance! The publically stated position of the National party is the thin edge of the wedge, and should they return they will manufacture excuse after excuse to extend their mandate to cover selling anything not bolted down – and everything bolted down too.
Bill English has already made it clear that Kiwibank would be up for sale “eventually”. Considering the amount of abuse of urgency this government has used over the last couple of years I’m sure that they’d find time to fit that “eventually” into the next term.
maybe selling the ladder would encourage you to stop digging any further .. just a thought
Overall, I like the policy for a capital gains tax. A few comments/questions: High income earners will always find ways of avoiding/evading taxation by finding new and exploiting old loopholes. If Labour cracked down hard on closing loopholes, like all these so-called “trusts” (which are formed chiefly as a tax dodge by the rich) the results would be much better. Also, if you plan to abolish the GST on fresh fruit and veges (I think its a good policy although will be very hard and expensive to implement) why not fresh milk as well? Also what about removing the last vestige of the awful Roger Douglas association by restoring a tax rebate on savings account interest and stop robbing kids’ bank accounts.