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Press Release – New Zealand National Party Finance Minister Grant Robertson has no plan to fix the severe labour shortage that is crippling New Zealand businesses and will see many more close their doors for good, Nationals Shadow Treasurer Andrew Bayly says. Grant Robertson is sitting …
Finance Minister Grant Robertson has no plan to fix the severe labour shortage that is crippling New Zealand businesses and will see many more close their doors for good, National’s Shadow Treasurer Andrew Bayly says.
“Grant Robertson is sitting by idly and watching as unpicked fruit rots on the ground, dairy farms cry out to get the workers they need to milk their cows, the manufacturing industry struggles, and restaurants are at a point where they have no option but to switch off their lights in protest.
Thursday, 1 July 2021, 9:34 am
This Government is proposing a significant tax on Mum and
Dad landlords despite promising prior to the election that
they would impose no new taxes, National’s Shadow
Treasurer Andrew Bayly says.
“According to advice
from Treasury, IRD, and the Ministry of Housing and Urban
Development dated February 2021, the removal of interest
deductibility means a landlord with a $700,000 mortgage
would face a tax increase of approximately $9,240 a
year.
“The Government says it is attempting to
target people who own many properties, but has no answer for
the many New Zealanders who invested in one rental property
for their retirement and will also be affected if they have
Press Release – New Zealand National Party This Government is proposing a significant tax on Mum and Dad landlords despite promising prior to the election that they would impose no new taxes, Nationals Shadow Treasurer Andrew Bayly says. According to advice from Treasury, IRD, and …
This Government is proposing a significant tax on Mum and Dad landlords despite promising prior to the election that they would impose no new taxes, National’s Shadow Treasurer Andrew Bayly says.
“According to advice from Treasury, IRD, and the Ministry of Housing and Urban Development dated February 2021, the removal of interest deductibility means a landlord with a $700,000 mortgage would face a tax increase of approximately $9,240 a year.
Half of the $10 billion Finance Minister Grant Robertson set aside in the case of a further Covid-19 resurgence has been spent funding Labour’s non-Covid-related ideas, National’s Shadow Treasurer Andrew Bayly says. The Government allocated .