Labour raises doubt about National's tax plan
Labour raises doubt about National's tax plan
www.newshub.co.nz Election 2023: Labour raises doubt about National's tax plan
But Christopher Luxon says National's numbers are rock solid.
National needs about $5 Billion in foreign property sales a year to reach its target. Prior to the 2018 ban, China (which likely can't be taxed anyway due to FTA) made up 40% of an approximately $3.75 Billion in total sales. For Nationals numbers to work, the market would have to grown significantly, while leaving the vast majority of properties un-taxed. Further, they have not accounted for any drop in sales due to the tax, global downturn, or any other factors.
It's pure fiction and smoke and mirrors.
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