Change of government/changes

Started by Auto Rower, Sep 09, 2023, 01:00 PM

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Auto Rower

#31
Nov 24, 2023, 05:20 PM
The new coalition agreements look fantastic news for democracy & business and all kiwis

LaserEyeKiwi

#32
Nov 25, 2023, 03:04 PM Last Edit: Nov 25, 2023, 03:16 PM by LaserEyeKiwi
Quote from: Auto Rower on Nov 24, 2023, 05:20 PMThe new coalition agreements look fantastic news for democracy & business and all kiwis

I see very little in it for business to be honest, outside of residential landlords & tobacco companies. The large reduction in planned government spending/headcount is going to be a drag on private business acting as suppliers of goods and services to impacted government entities, which makes up a sizable portion of NZs economy. On top of that they have worsened the tax situation for commercial property owners.

Basically all the reduction in government spending is going towards small tax cuts for individuals, and large tax cuts for landlords, while small & big business get less revenue from government related contracts and zero tax cuts.

Ferg

#33
Nov 25, 2023, 03:37 PM
Quote from: LaserEyeKiwi on Nov 25, 2023, 03:04 PMand large tax cuts for landlords
LEK - have you got a source for that tax cut?  My understanding is they were reinstating interest deductibility for landlords.  We all know interest is a legitimate business expense so to call it a "tax cut" is IMO misleading.

Untamed

#34
Nov 25, 2023, 04:13 PM
Out of curiosity, has anyone seen any commentary regarding possible Aged Care policy coming out of this coalition agreement? I have looked but haven't seen anything. NZF was the only party pre-election to address this, so I hope Winston managed to achieve at least some level of agreement in terms of managing the current aged care crisis.

KW

#35
Nov 25, 2023, 04:38 PM
Quote from: Untamed on Nov 25, 2023, 04:13 PMOut of curiosity, has anyone seen any commentary regarding possible Aged Care policy coming out of this coalition agreement? I have looked but haven't seen anything. NZF was the only party pre-election to address this, so I hope Winston managed to achieve at least some level of agreement in terms of managing the current aged care crisis.

Yes, it was in the coalition agreement for NZ First.

Seniors
• Keep the superannuation age at 65.
• Amend the Building Act and the Resource Consent system to make it easier to build granny flats or other small structures up to 60sqm requiring only an engineer's report.
• Progress the review of the Retirement Villages Act.
• Upgrade the Super Gold Card and Veterans Card to maximise its potential benefit for all Super Gold Card and Veteran Card holders.
• Investigate the funding formula for new residential care beds.
• Engage openly and constructively with the aged-care sector.
• Undertake a select committee inquiry into aged care provision to include supporting people with early onset conditions and what asset thresholds are appropriate in 2023/24.
• Explore options to build on the Local Government Rates Rebate Scheme for Super Gold Card holders.
• Work on establishing bipartisan agreement to fund both care and dementia beds that New Zealand needs now and with a focus on the long term needs by 2040.
• Liaise with retirement village owners and occupiers to seek a mutually agreed way forward to safeguard the interests of the 50,000 plus New Zealanders living in retirement villages
Don't drink and buy shares in a downtrend, you bloody idiot.

Untamed

#36
Nov 25, 2023, 04:40 PM
Many thanks. Some positive things in there. Fingers crossed.

Quote from: KW on Nov 25, 2023, 04:38 PMYes, it was in the coalition agreement for NZ First.

Seniors
• Keep the superannuation age at 65.
• Amend the Building Act and the Resource Consent system to make it easier to build granny flats or other small structures up to 60sqm requiring only an engineer's report.
• Progress the review of the Retirement Villages Act.
• Upgrade the Super Gold Card and Veterans Card to maximise its potential benefit for all Super Gold Card and Veteran Card holders.
• Investigate the funding formula for new residential care beds.
• Engage openly and constructively with the aged-care sector.
• Undertake a select committee inquiry into aged care provision to include supporting people with early onset conditions and what asset thresholds are appropriate in 2023/24.
• Explore options to build on the Local Government Rates Rebate Scheme for Super Gold Card holders.
• Work on establishing bipartisan agreement to fund both care and dementia beds that New Zealand needs now and with a focus on the long term needs by 2040.
• Liaise with retirement village owners and occupiers to seek a mutually agreed way forward to safeguard the interests of the 50,000 plus New Zealanders living in retirement villages

KW

#37
Nov 25, 2023, 04:59 PM
Don't drink and buy shares in a downtrend, you bloody idiot.

LaserEyeKiwi

#38
Nov 26, 2023, 09:48 AM
Quote from: Ferg on Nov 25, 2023, 03:37 PMLEK - have you got a source for that tax cut?  My understanding is they were reinstating interest deductibility for landlords.  We all know interest is a legitimate business expense so to call it a "tax cut" is IMO misleading.

Don't get me wrong, I as a landlord will personally benefit from the re-introduction of full interest deductibility on residential property, and agree that it is a legitimate business expense.

However regardless of that, it doesn't change the fact that individual taxpayers & landlords are the big winners from the incoming coalition government, while businesses either get nothing, or are worse off (less money from government contracts, removal of commercial building depreciation as a deduction).

Waltzing

#39
Nov 26, 2023, 12:45 PM
As that number living in the villages goes up and there are whole new retirement mini suburbs going up in central north islands towns NZ first has got itself a voter base to leverage....

Waltzing

#40
Nov 26, 2023, 02:22 PM
well no mass demostrations in wellington so far...

those 300 MB (men in black) havnt staged a suicidal attack on the incoming government yet...


LaserEyeKiwi

#41
Nov 30, 2023, 09:55 AM
QuoteThe Reserve Bank surprised markets and economists yesterday with a warning it could raise interest rates again early next year because of higher housing costs from record-high migration and a lack of new homes, and the stimulatory effects of tax cuts.

The National-ACT-NZ First Coalition has promised to further loosen migration settings, freeze infrastructure and housing investment plans while it repeals Three Waters and the RMA, and accelerates its tax cuts for landlords. All of these moves would amplify the inflationary effects of higher rents, rates and services costs rippling through the economy, as the RBNZ laid out in its forecasts.
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