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After Chris Hipkins and Barbara Edmonds were unable to answer questions about their $18.8 billion hidden bill today, a senior Labour MP has tonight revealed an extension of the party’s planned Capital Gains Tax. After months of Labour claiming their Capital Gains Tax exempts farms, Agriculture Spokesperson Jo Luxton... has appeared to confirm that farms with accommodation on them, alongside commercially owned farms will in fact be subject to Labour’s Capital Gains Tax. Farms up and down New Zealand are legally required to provide worker accommodation, alongside many remote farms that are not able to operate without providing accommodation. For some farms the economic reality of hiring workers means they must provide accommodation as part of that agreement. On top of that, many farms are owned through commercial co-operative agreements. Jo Luxton has just confirmed that all of those farms will be hit by Labour’s Capital Gains Tax. Of course, it’s no surprise that Labour now appears to be widening the pool of assets subject to their Capital Gains Tax. With an $18.8 billion funding gap to fill, Labour will be desperate to find new ways to take more money from hard working New Zealanders. Chris Hipkins and Barbara Edmonds need to explain why they have told New Zealanders farms are exempt from their Capital Gains Tax, when that is clearly not the case. Kiwis have a clear choice on November 7. It’s either no new taxes with National, or nine new taxes and counting under a Labour-Greens-Te Pati Māori-Opportunity Party coalition.show more

Simeon Brown

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18,132 次观看 • 3 天前 •via X (Twitter)

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30 条评论

Wired-one 的头像

Wired-one3 天前

Anyone with a functioning brain understands that assets that fall under a CGT will be expanded over time. You allow new taxes in at your peril.

KajensCat🕊✝️ 的头像

KajensCat🕊✝️3 天前

@CallMeAl_KPSS Please get on board with #TeamVoter🕊️ and #SplitYourVote🕊️ it is a certain way to ensure we get this government back. The internal stuff can be sorted out after the election. We understand it is hard. 🙏

plainjane 的头像

plainjane3 天前

You are just making shit up . I spent 7 yrs working as a 2ic and I was provided accommodation so was the heard manager we had relief milkers on rostered days to cover time off . They wernt given accommodation theyd drove in and out . We also had a guy who worked mon to fri he had set hours and wasnt provided accommodation. Just go to a farming jobs available site and you'll see not all farm jobs require accommodation. Why are Christians so dishonest. There is no hate like Christian love Simeon you absolutely prove this point. Ive also worked as a relief milker no accommodation provided

Nic 的头像

Nic3 天前

Simon, can you please show us your reconciliation of this supposed $18.8b hole? I suspect you are behaving just like your hero @realDonaldTrump , just making numbers up….. Billions! Trillions! Facts, whatever.

kiwikipper 的头像

kiwikipper3 天前

National and Labour need to CuT GOVERNMENT SPENDING! Instead of continually finding ways to spend kiwis money!

king of the west II 的头像

king of the west II3 天前

CODE BROWN MR SULU

plainjane 的头像

plainjane3 天前

Ffs , farm workers who are drive in drive out are not provided a rental at all . They are employed for set hours and drive to and from the property each day. Ive never met a farmer who owns a rental in a local town to rent to the workers . Firstly it would be a stupid idea because hed get less rent as it would be part of the employment package. The farmers i know who do have rentals are in cities that are an hour away from the farm and rented out through an agency . Secondly most farms in Aotearoa are family owned • The Dominance of Family Farms: The vast majority of New Zealand farms are owned and operated by families, often structured as private family companies or trusts for tax and succession planning. • True Corporate Farming: Purely commercial "corporate" entities (large-scale equity partnerships, institutional investors, or large syndicates) are less common. True corporate operations are estimated to represent a small percentage of total farm ownership.

ObeseBallerina 的头像

ObeseBallerina3 天前

You cant trust Laboor on tax

"Emmie" - Tauranga 2024 的头像

"Emmie" - Tauranga 20243 天前

Come clean about raising GST till then don't trust National when they talk about "old" & "new" taxes thinking they can put off annoucing raising GST until after the election - that's a old trick of their's

Libertarian Project 的头像

Libertarian Project3 天前

Ironically the only people Hipkins says No to are his own kids asking for apples as that cost comes from his own money Happy to waste taxpayers money #nzpol

Tilly Martinborough 的头像

Tilly Martinborough3 天前

Shut up

iNeanderthal 的头像

iNeanderthal3 天前

@NZNationalParty Your hypocrisy is up in lights because you refuse to even show the country your “budgetary attempt” now that PREFU is out.

Zardu Hasselfrau 的头像

Zardu Hasselfrau3 天前

No one believes your bullshit, all you do is lie and bitch. Whiney little weasel.

stevewicks 的头像

stevewicks3 天前

Good ..better than stupid distractions like your Cone hot line...

Still working it out- evidence matters 的头像

Still working it out- evidence matters3 天前

Farms do not provide accommodation to all workers- have you ever been on a farm, Simeon?

sprstephen 的头像

sprstephen3 天前

Im sure that increasing tax in farms is going to do wonders for the cost of food...

Robert Gibson 的头像

Robert Gibson3 天前

Ye Na. What about talking about what you National can do about the issues. Carping about Labour, especially all half truths and often lies on what Labour may, or may not do. Its just TIRESOME.

NZ kiwi 的头像

NZ kiwi3 天前

Notice all the be kind cult on here admitting they have nothing so doesnt affect them… drop kicks envious of success what a surprise

Karen Thomas 的头像

Karen Thomas3 天前

Because family homes and farms are exempt. Commercial enterprise is not. It's not hard to figure out.

Māyā 的头像

Māyā3 天前

Cone on, Simeon, grow up.

Scotty 的头像

Scotty3 天前

National will get you in other ways. Uncapped rates, road tolls, RUCS, petrol tax during an oil crisis... Simply put, they need a new leader but have no talent

Murali 的头像

Murali3 天前

@justinb24448577 If you have anything that the govt considers worthwhile will be taxed even though you have not earned any cent from it

Krispkiwi 的头像

Krispkiwi3 天前

No problem, if they don't sell the farm and get profits from it, they won't face a capital gains tax. Easy as.

Cosmic Traveller 的头像

Cosmic Traveller3 天前

Good work @NZNationalParty

Blaise Pascal's Wager ✝️🚜 的头像

Blaise Pascal's Wager ✝️🚜3 天前

The left lie all the time. Plus they will roll back in Rod Carr to up the climate shenanigans and tax us even more for our sins. One thing you need to do in 2027 is roll your boss and get rid of the Paris scam.

Peter Martin 的头像

Peter Martin3 天前

How many nurses and ferries? Tell us again....

Casper Allan ⚔️ 的头像

Casper Allan ⚔️3 天前

Show us the figures…you’ve obviously stolen them from Labour so it should be easy.

Theresa 的头像

Theresa3 天前

Point being we dont believe a word hopkins says ..he speaks with forked tongue .

F 的头像

F3 天前

Why don't you do you ..if there's anything else you have ..and leave the rhetoric of L this L that ..boring and childish to intelligent humans 🙄

Rotovegas 的头像

Rotovegas3 天前

Labour Labour Labour Labour Labour Labour I have nothing to run on

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This labour government has decided taxing imaginary things is a good idea. But, if they get away with it and pass this law, they won't stop at taxing unrealised capital gains in superfunds over $3 million. Their insane tax programme will be expanded. This new cook-up is just a Trojan horse. It just attacks a very small and obscure area of the financial world. They expect very little resistance form the public, and very little opposition from the people paid to provide opposition. Similar things have been done in the UK, and it has caused chaos. Millionaires, business people, entrepreneurs and productive people are leaving the country in droves. They’re running to places where they feel more welcome. They take opportunity with them. There are many areas where this dangerous new tax on a concept rather than actual money will have deep impact. It hits the stock market, as well as property market which will in fact impact everyone’s super not just the wealthy. Most importantly this will impact food production. Big chunks of land tend to appreciate in value. The value increase has been accelerating as the value of the dollar declines. This means family farms, held in super accounts, will be taxed heavily. Because value is relative and imaginary, there is no clear formula or predictability to the scale and timing of capital gains. Somebody will have to pay the cash tax, on an asset not sold. The imagined gain. Ludicrous. There are two ways this can be achieved, through using profits from operating the farm, or selling the farm. So many family farms invest everything they have into fences, feed, seed, fuel and equipment. When conditions are good, there is some money to be made, when the two major supermarkets are not busy pummelling them. There is even the odd export dollar. But it is not as if it isn’t already hard enough for family farmers here in Australia. Between the droughts and flooding rain, they fight to keep their farm lands free of power lines and electricity windmills. Fighting pests and regulations. Fighting to pay the energy bills. Fighting for access to water. Now they will be fighting to pay for imagined gains with real cash. This means an increase in the cost of food for the rest of us. That, and more corporatism in the farming sector, as more family farms are gobbled up by foreign corporations and big capital. Bad leaders can cause shortages where there was once effortless abundance. Albanese, Chalmers and friends are bad leaders. Short sighted and greedy. Playing divisive politics, as they seemingly tax the rich to give to the poor. The reality is they will just destroy more decent Aussie family farms, and everything that goes with it. The rest of us will pay more for our food. Australia can’t afford three years of this nonsense. No farmers, no food. I just want Australia back.

Matthew Camenzuli

52,810 次观看 • 1 年前

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Qiulae Wong now openly says the Opportunity Party is open to a CGT as an alternative to their Land Value Tax, and will negotiate with Labour on their CGT. Labour’s proposed CGT sits at 28% and specifically excludes the family home, rural land and farms, exactly the assets captured by Opportunity’s proposed Land Value Tax. This is significant as Wong has previously called Labour’s CGT “tinkering” and “minuscule”, so negotiations would clearly look to significantly increase its scope of capture and rate.

Suit and tie

28,847 次观看 • 1 个月前

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Labour’s election policies have quickly descended into farce. Chris Hipkins has now admitted that the party’s flagship promise of “three free doctors’ visits a year” might not involve seeing a doctor at all. According to Labour’s own policy, these so-called “free doctors’ visits” can be used with nurse practitioners instead. The party openly admits this, yet it cannot even say how many of those visits will actually be with a real doctor. Meanwhile, Labour is marketing the policy as “free doctors’ visits” to win votes, only to quietly concede it’s just another primary care appointment. What doesn’t change, however, is that taxpayers will still be forced to pay for it through the party’s proposed capital gains tax.

Suit and tie

12,908 次观看 • 3 个月前

An outrageous claim from Chris Hipkins: New Zealanders don’t “really care” about the details of one of Labour’s flagship election policies — the Future Fund. The Herald’s Jamie Ensor appears to be one of the few gallery journalists actually holding Hipkins and Labour to account. It’s absurd that Labour cannot — or will not — provide even a basic estimate of the jobs the Fund will create, while aggressively promoting it as a major job creator.

An outrageous claim from Chris Hipkins: New Zealanders don’t “really care” about the details of one of Labour’s flagship election policies — the Future Fund. The Herald’s Jamie Ensor appears to be one of the few gallery journalists actually holding Hipkins and Labour to account. It’s absurd that Labour cannot — or will not — provide even a basic estimate of the jobs the Fund will create, while aggressively promoting it as a major job creator.

Suit and tie

21,570 次观看 • 4 个月前

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Enjoy Tax Freedom Day this week! So far, on average, you have worked the first 4 months of this year to pay taxes to the Government. Taxes have now risen to about a third of the economy under Labor. Under Labor, Tax Freedom Day has been getting later and later. Taxes are up $26,000 per Australian household per year since COVID. Now Labor wants more taxes. Labor wants a tax on property (removing negative gearing), Labor wants a tax on investment (increasing tax on capital gains) and a tax on small businesses (taxing the trusts that so many use). Enough with more Labor taxes that just make you work more for them.

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15,575 次观看 • 5 个月前

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Lakmi Mittal, the 8th richest business man in the UK has left the the United Kingdom and he has taken his £15.5 billion with him to Dubai ! It wasn’t income tax or capital gains tax that has scared away one of the UK’s most richest men, but in fact it was the changes to inheritance tax that labour made in the previous budget that has scared him off. So now considering that the non dom status has been removed, this means that if you are resident in the UK for more that 10 years, but are from abroad, then your entire global assets will be included in inheritance tax, which is currently 40% So no wonder Lakshmi Mittal decided to up sticks and leave.

JIX5A

1,449,534 次观看 • 10 个月前

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Prof. Job Shipululo AMUPANDA

30,103 次观看 • 1 年前

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

Why is Mr. Lakshmi Mittal and thousands of other millionaires leaving UK this year? Last year over 250k British nationals left the UK... and in the current year, almost 16k millionaires are expected the have left the UK... It's because of a major law that is proposed to be passed in the UK Parliament that none of the wealthy people like... To understand this, let's first understand why the Global Wealthy were in the UK to begin with... The Global Wealthy would go to the UK because the country had a Non-Dom Regime... which basically meant that all the incomes earned by UK residents in other parts of the world and all such capital gains would not be taxed... For example, in India, your global incomes are taxed if you are an Indian tax resident... Now there are three major changes that have happened that made millionaires pulled the trigger... 1/ In Oct 2024, the capital gains tax was increased from 20% to 24% 2/ In April 2025, UK abolished the Non Dom regime by which global incomes become taxable in the UK... and more importantly 40% inheritance tax becomes payable even on assets outside of the UK. 3/ And now the third issue... where the Govt is now proposing to levy a 20% exit tax on unrealised gains on these assets, which are not even sold, but only appreciated in value Now where are all these people going? Most of these people are now going to Dubai... No personal income tax, no wealth tax, no inheritance tax, no capital gains tax, no dividend tax... Absolute safety - no crime... and corporate tax is just 9% while you get all the first world facilities while being close to Asia as well as Europe. If you have to move somewhere globally, the best bet right now is the UAE.

JIX5A

57,632 次观看 • 10 个月前

An extraordinary claim from Chris Hipkins this morning during his interview on Herald Now: it is impossible for economists to model the key behavioural effect Labour attributes to its Capital Gains Tax — shifting people away from property and into productive investment. Hipkins and Labour routinely champion this shift as one of the major benefits of their CGT. Yet they appear to have no idea when — or even whether — it will actually occur. Governments and economists routinely model behavioural responses to tax changes, including investment elasticities, deadweight losses, and risks of capital flight. NZ’s own Inland Revenue Department, Treasury, and previous Tax Working Groups have done precisely that for measures like the bright-line test and other tax tweaks. Australia, meanwhile, has extensive modelling on negative gearing and CGT discount reforms, which directly influence the relative attractiveness of rental property versus other assets such as shares and businesses. For Hipkins to claim such modelling is impossible is an absolute cop-out and is deeply concerning. At minimum, it should be a major red flag for voters. Labour has had two and a half years to develop its policy. In that time, it has apparently failed to find even a single economist anywhere in the world capable of modelling the central claim on which it is now running a major part of its election platform. Come on.

An extraordinary claim from Chris Hipkins this morning during his interview on Herald Now: it is impossible for economists to model the key behavioural effect Labour attributes to its Capital Gains Tax — shifting people away from property and into productive investment. Hipkins and Labour routinely champion this shift as one of the major benefits of their CGT. Yet they appear to have no idea when — or even whether — it will actually occur. Governments and economists routinely model behavioural responses to tax changes, including investment elasticities, deadweight losses, and risks of capital flight. NZ’s own Inland Revenue Department, Treasury, and previous Tax Working Groups have done precisely that for measures like the bright-line test and other tax tweaks. Australia, meanwhile, has extensive modelling on negative gearing and CGT discount reforms, which directly influence the relative attractiveness of rental property versus other assets such as shares and businesses. For Hipkins to claim such modelling is impossible is an absolute cop-out and is deeply concerning. At minimum, it should be a major red flag for voters. Labour has had two and a half years to develop its policy. In that time, it has apparently failed to find even a single economist anywhere in the world capable of modelling the central claim on which it is now running a major part of its election platform. Come on.

Suit and tie

12,128 次观看 • 4 个月前

WOAH 🚨 Report shows that $70 million in US taxpayer money was given to the California NGO’s that are going after and shutting down family farms Our tax dollars are being laundered to NGO’s and used to shut down our food system “Congress is investigating the NGOs that shut down the 12 family farms — They also verified by the committee that they did not respond when they said, hey, why'd you do this? — And now they're talking about that they might have to subpoena them because they're not answering their questions.” “They also verified they were giving about $70 million to move forward with different projects, which includes shutting down small family farms, apparently in Point Reyes. And that's what's going on. A major mass amount of corruption to shut down your food system.”

WOAH 🚨 Report shows that $70 million in US taxpayer money was given to the California NGO’s that are going after and shutting down family farms Our tax dollars are being laundered to NGO’s and used to shut down our food system “Congress is investigating the NGOs that shut down the 12 family farms — They also verified by the committee that they did not respond when they said, hey, why'd you do this? — And now they're talking about that they might have to subpoena them because they're not answering their questions.” “They also verified they were giving about $70 million to move forward with different projects, which includes shutting down small family farms, apparently in Point Reyes. And that's what's going on. A major mass amount of corruption to shut down your food system.”

Wall Street Apes

228,878 次观看 • 1 年前