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Thread: The New Zealand Politics Thread

  1. #31
    International Coach straw man's Avatar
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  2. #32
    International Coach Bahnz's Avatar
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    Tbf, I don't think I've read a single story on Justin Trudeau that doesn't reference his "movie star good looks", and nobody seems to care. The interview was undeniably cringey, but it doesn't seem that dissimilar to the E-news approach that is often taken with successful young politicians.
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  3. #33
    International Coach straw man's Avatar
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    Yeah probably true

  4. #34
    123/5 Flem274*'s Avatar
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    this whole 'is simon bridges a real maori' thing is pretty dire tbh

    just focus on how hard he gets nailed to a post by the likes of John Campbell instead
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  5. #35
    International Vice-Captain vogue's Avatar
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    'Tenants on our own land': New Zealand bans sale of homes to foreign buyers
    https://www.theguardian.com/world/20...e_iOSApp_Other

    House prices going up some in NZ. Will this work to lower them then?
    And once the storm is over you won’t remember how you made it through,how you managed to survive. You won’t even be sure,in fact,whether the storm is really over. But one thing is certain. When you come out of the storm you won’t be the same person who walked in. Haruki Murakami .

  6. #36
    Hall of Fame Member Smudge's Avatar
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    Quote Originally Posted by vogue View Post
    'Tenants on our own land': New Zealand bans sale of homes to foreign buyers
    https://www.theguardian.com/world/20...e_iOSApp_Other

    House prices going up some in NZ. Will this work to lower them then?
    Correction: have been. They have plateaued in most of the country.
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  7. #37
    International Coach hendrix's Avatar
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    Quote Originally Posted by vogue View Post
    'Tenants on our own land': New Zealand bans sale of homes to foreign buyers
    https://www.theguardian.com/world/20...e_iOSApp_Other

    House prices going up some in NZ. Will this work to lower them then?
    No.

    Very, very few property sales go to non-residents/non-citizens.

    The problem is that there is no capital gains tax in NZ. The other problem is that successive governments continue to incentivise living in the major cities, almost to the point of subsidising it for the benefit of business.
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  8. #38
    International Coach Bahnz's Avatar
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    I wouldn't say it's just because of the absence of a capital gains tax. They have CGT in Australia which is suffering very similar problems with house price inflation. It's also due to a combination of a genuine supply shortage that's itself worsened by a complex and expensive regulatory framework and continuing record low interest rates that incentivise people to take out enormous loans.

    What the current government is doing with this law is really just appealing to old school anti-Asian xenophobia tarted up as economic realism.
    Last edited by Bahnz; 15-08-2018 at 05:21 PM.
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  9. #39
    International Coach hendrix's Avatar
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    Quote Originally Posted by Bahnz View Post
    I wouldn't say it's just because of the absence of a capital gains tax. They have CGT in Australia which is suffering very similar problems with house price inflation. It's also due to a combination of a genuine supply shortage that's itself worsened by a complex and expensive regulatory framework and continuing record low interest rates that incentivise people to take out enormous loans.

    What the current government is doing with this law is really just old appealing to old school anti-Asian xenophobia tarted up as economic realism.
    Yes agree on both points

  10. #40
    Hall of Fame Member social's Avatar
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    NZ faces many of the same problems we have in Australia (e.g. relatively few employment opportunities outside main cities, relative scarcity of finance options, tax incentives for property investors etc) but its smaller population exaggerates the problem

    There is (or maybe was) an incentive for foreigners to become tax residents of the country that also potentially contributes to the home affordability problem.

    In short, it certainly used to be the case that a foreigner with residency would only be taxed on income brought into NZ. As a result, a guy like the founder of PayPal could essentially live in the country tax free by simply repatriating nothing more than his living expenses and keeping the rest offshore. That law encourages wealthy foreigners to live in the country but not invest in anything other than their own home.

    By way of comparison, an Australian resident taxpayer must pay tax on all income irrespective of source or whether it ever finds its way into Australia
    Last edited by social; 15-08-2018 at 05:50 PM.
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  11. #41
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    TIL about the 1951 waterfront strike

    Jesus, imagine an NZ government making striking and giving food to strikers families illegal and censoring the press today? They'd be immediately removed from government
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  12. #42
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  13. #43
    Cricket Web: All-Time Legend NZTailender's Avatar
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    Quote Originally Posted by nightprowler10 View Post
    I mean, technically, you're supposed to delete any music purchased music and movies off your electronic devices before passing between countries (well, that used to be the case, dunno if it still is). It's one of those laws rarely, if ever, enforced. According to the article, they searched 500+ devices last year, out of 3.7 million tourist visits to the country.

    But I guess the implication is pretty scary.
    Last edited by NZTailender; 02-10-2018 at 05:39 PM.
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  14. #44
    International Coach Bahnz's Avatar
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    Yeah, I mean customs still requires "reasonable grounds" to get someones password, which presumably would be something like a tip-off from a foreign law agency that that person is likely to be carrying objectionable material. Still fairly alarming at first glance.

  15. #45
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    Saw a similar disclaimer about giving up your phone password to American customs earlier this year, so was slightly concerned I was going to have an irritatingly long talk with customs this time round. Nope, legitimately didn't even talk to me.
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