Dr Russel Norman: Why is he ignoring the advice of the OECD, the IMF, and the Savings Working Group, that have found that New Zealand is now an outlier in not having a comprehensive tax on capital gains, the absence of which seriously undermines Government revenue, and also directs capital into the non-productive sector, the housing sector?
He probably wasn't anticipating this reply from the PM (our emphasis added):
Rt Hon JOHN KEY: I do not think this is the week to be looking closely at the IMF, and I prefer the advice of the Tax Working Group to that of the Savings Working Group.
Very good Mr Key. We think that even Dominique Strauss-Kahn might see the humour in that retort!
1 comments:
It would seem like there was an opportunity today for some real parliamentary theater. I would have thought the opposition MP's might have taken advantage of that.
Asking the PM anything about the IMF today was always going to give him an opportunity to wisecrack back, They should have been ready for that.
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