Gareth Morgan outlines just why residential property investment is costing us dollars in terms of tax and missed opportunities:

“So why, if residential property investment is taxed the same as shares or any other business, is it a tax rort? If you were to include capital gains in the profit measure you would instantly see that residential landlords aren’t running at a loss at all - their core business is capital growth.

And that of course isn’t taxed. So the root of the problem is that capital growth in property is by far the main component of the “profit” line of this business and it’s not taxed.”

Read the full article over at The NZ Herald

“If nothing changed, New Zealand would eventually be selling all its assets to service debt, leaving the country as nothing more than a cash cow for foreign interests,”

Selwyn Pellett, along with Ganesh Nana, John Walley and Rod Oram get stuck into economic orthodoxy at the Fabian’s Christchurch ‘Bold Choices‘ seminar, as reported by the Timaru Herald.

The Productive Economy Council and the New Zealand Manufacturers and Exporters Association are pleased to help stimulate new thinking by sponsoring the inaugural Alternative Budget Competition which is open to all currently enrolled university students.

“Generations X and Y have a huge stake in the future of our country since it is on them that the tax burden of supporting any future benefits - which they may or may not receive - will fall. And yet these generations are poorly represented among those who form our economic policies,” says Selwyn Pellett, spokesman for the Productive read more »