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Economists' analysis rubbishes National's foreign buyers tax numbers (www.rnz.co.nz)

submitted 1 year ago by Rangelus to c/politics

14 comments fedilink hide all child comments

When the details of this policy were released, it really didn't pass the sniff test. It seemed to rely on a huge increase in foreign buyers, above pre-ban levels, and ignored any potential reduction in sales due to the tax itself.

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[–] Xcf456 3 points 1 year ago (1 children)

Just to add to this, the 2.5% applies to wealth after the first $2 million, and at $4 million for couples.

[–] Rangelus 5 points 1 year ago

Thanks, I thought that was the case but couldn't find it mentioned so left it out.

Honestly such a great policy...