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Economists' analysis rubbishes National's foreign buyers tax numbers (www.rnz.co.nz)

submitted 1 year ago by [email protected] to c/[email protected]

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When the details of this policy were released, it really didn't pass the sniff test. It seemed to rely on a huge increase in foreign buyers, above pre-ban levels, and ignored any potential reduction in sales due to the tax itself.

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[–] [email protected] 4 points 1 year ago

National's is worse by far. Massive holes that will require even bigger cuts to public services, and dumping more fuel on the housing crisis by allowing foreign buyers back and giving tax breaks to landlords.

Labour's will mean spending time in the courts arguing about what constitutes a fresh broccoli for GST purposes. Not the same.

https://www.merriam-webster.com/wordplay/bothsidesing-bothsidesism-new-words-were-watching