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Friday, September 09, 2005

Outright Lies #1

The Greens are outraged an EB pamphlet has printed outright lies about their policies. Clark lies. But not the Greens. No. No. No. Throughout their Frog blog, commenters are saying how horrible it is to have outright lies told about their policies. So I thought I'd see what "lies" the EB are promoting and investigate them. Here's the first:

Outright Lie 1: Introduce a capital gains tax on family homes

Here is a Greens Statement from their 2001 tax submission:
The Green Party believes the Review needs to seriously examine a capital gains tax (CGT). Absence of a capital gains tax has been noted for some time as a gap in our tax system.
Here we have a case where they seriously recommend something that (because apparently it is an outright lie) they don't mean. Well, does that mean all their other policy recommendations are outright lies?

Verdict: Guilty.

ACT point out Greens on Capital Gains Tax

Update 1:15pm. A helpful reader has pointed out I have not specifically addressed that CGT might include family homes. Sorry. Now updated. Here is the Greens overview of this (as mentioned in my ACT link). They discuss the benefits of CGT on family homes, and it is a fair assumption to believe they are in favour of it.

Greens 2001 Tax Submission
· Linked Article

Posted by ZenTiger | 9/09/2005 11:42:00 am

3 Comments:

Anonymous Spam said...

Rodney Hide has mentioned this as well on his blog, and he links to this:

http://www.rodneyhide.com/index.php/weblog/comments/greens_on_capital_gains_tax/

9/09/2005 11:44:00 pm  
Blogger ZenTiger said...

Thanks Spam. I'm going through the whole lot. 1-15 and a bit extra.

Will finish this Saturday and build a wrap upm post with the extra links and so forth.

9/10/2005 12:11:00 am  
Blogger Lucyna said...

The Greens are making out that they wanted the family home exempted. However, in the pdf link to the Green’s 2001 submission on Egological Tax Reform, there is absolutely no exemption from capital gains tax for the family home mentioned. It says instead on Pg 66:

In particular, the treatment of owner-occupied private homes is a vexed one. To the extent that aggregate capital gains on the housing stock fall, the impact on individual home owners may be positive.

A slower rate of appreciation of house prices makes housing more affordable as well as lowering the asset values of homes. The latter effect does not mean that any comprehensive CGT would need to be introduced with a long transition to avoid seriously disadvantaging those who have used home ownership as their main retirement savings plan.

9/10/2005 12:57:00 pm  

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