Wednesday: National's 4 tax cuts & 4 tax hikes

The IMF says our housing remains overvalued. Meanwhile, National is proposing to roll back the bright line test to two years and reverse the removal of landlords’ ability to deduct interest costs from their tax bill. Photo: Lynn Grieveson / The Kākā

TL;DR: National is set to unveil the details of what it says is a ‘self-funded’ plan worth $2 billion of four tax cuts offset by four tax hikes later this morning.

Elsewhere, the IMF has warned New Zealand’s house prices are 50% over-valued and the Government faces big emissions credits liabilities because it’s on track to miss its Paris Agreement committments. The IMF suggested (again) the Government look at introducing capital gains and land taxes to pay for climate, housing and public transport investment.

Also, a poll shows TOP are unlikely to get into Parliament through leader Raf Manji winning the Ilam electorate.

Paying subscribers can see more details below the paywall fold and in the podcast above. We welcome new subscribers to support the public interest journalism we do on housing, climate and poverty reduction in Aotearoa.

Most of tax cut money to go to high-paid landlords