Can you please clarify these few questions for me:

Can you please clarify these few questions for me:

In your policy, TOP says: "Our proposal is to deem a minimum rate of return on all productive assets, including housing and land", and that "All productive assets […] produce income each and every year, not cash necessarily but income nevertheless." 1) How is the 'annual productive asset tax' any different to taxing an unrealised capital gain? 2) Wouldn't taxing all capital gains be a more efficient, determinable and transparent tax policy? 3)You say capital gains taxes don't work toward the goals TOP wants to achieve, why so? 4) How does your policy propose to determine the value of return on a productive asset with no cashflow or assessable income related to it? 5) What if the asset actually made a loss that year? 6) How will this policy avoid the chances of double taxation for people who intend to accept a capital gains tax on sale of their property? 7) Have you purposely avoided the 'elephant' of capital gains tax because of its hot political nature, or because you really don't believe it would be effective?

Showing 5 reactions

  • Tristan Kiddie
    tagged this with i have the same question 2016-12-10 15:09:08 +1300
  • Oliver Krollmann
    followed this page 2016-12-09 16:53:17 +1300
  • John Grace
    commented 2016-12-09 15:38:00 +1300
    1) Capital gain is based on an increase…no need for an increase with this tax.
    2) No, because an increase in asset values required to get any tax.
    3) As above
    4) Im guessng…we do it for rates each year, so same theory?
    5) doesnt matter, its taxed on its value.
    6) Prob wouldnt have both taxes together?
    7)Morgans track record is one of integrity and philanthropy. have faith!

    ps. Think of all those empty foreign owned properties this would get revenue off!

    Hows I do?
  • Eden Barley
    commented 2016-12-09 15:16:19 +1300
    I apologise in advance about the long-winded nature of the question.
  • Eden Barley
    published this page in Ask a question about policy #1 2016-12-09 15:15:05 +1300