Capital gains tax abandoned by Government
While the idea of CGT was only a recommendation from the Tax Working Group, it managed to gain enough steam to have almost everyone talking about it.
Both sides had valid points, but the wide range ramifications would've been detrimental to so many e.g. for those who have signed up for KiwiSaver.
This decision is a win for every New Zealander especially the poor, as they would've been the unfortunate ones that could least afford this suggested tax system.
Unfortunately, the businesses and the rich have 'escaped' yet another stake at them having to pay more taxes.
Another look at their tax rates will have to be investigated and what they are actually claiming for in their tax forms.
With the new ways that the IRD is introducing, it will be interesting to see what happens there.
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Poll: When should the tree go up? 🎄
From what we've heard, some Christmas trees are already being assembled and decorated.
What are your thoughts on the best time to get your Christmas tree up?
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4.3% Second half of November
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38% 1st December
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19.4% A week before Christmas
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36.8% Whenever you wish
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1.6% Other - I'll share below
Riddle Me This, Neighbours! Bet You Can’t Guess It!
Sometimes narrow, sometimes wide, wind or rain, I stay outside.
Even if there’s heat or snow, from house to house I will still go.
What am I?
Do you think you know the answer to our daily riddle? Don't spoil it for your neighbours! Simply 'Like' this post and we'll post the answer in the comments below at 2pm.
Want to stop seeing riddles in your newsfeed?
Head here and hover on the Following button on the top right of the page (and it will show Unfollow) and then click it. If it is giving you the option to Follow, then you've successfully unfollowed the Riddles page.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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85.3% Yes
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13.7% No
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1% Other - I'll share below