{"id":6820,"date":"2015-07-22T08:53:01","date_gmt":"2015-07-21T19:53:01","guid":{"rendered":"http:\/\/mananews.co.nz\/wp\/?p=6820"},"modified":"2015-07-22T08:53:01","modified_gmt":"2015-07-21T19:53:01","slug":"new-property-tax-a-feeble-roadblock-for-property-speculators","status":"publish","type":"post","link":"http:\/\/mananews.co.nz\/wp\/?p=6820","title":{"rendered":"New Property Tax a feeble roadblock for property speculators"},"content":{"rendered":"<p><a href=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2014\/10\/avatr.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-77\" src=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2014\/10\/avatr.gif\" alt=\"avatr\" width=\"70\" height=\"90\" \/><\/a>\u00a0Mana News editor Joe Trinder<\/p>\n<p><a href=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6780\" src=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon.jpg\" alt=\"free-market-capitalism-housing-cartoon\" width=\"760\" height=\"448\" srcset=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon.jpg 760w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon-300x177.jpg 300w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon-570x336.jpg 570w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/free-market-capitalism-housing-cartoon-701x413.jpg 701w\" sizes=\"(max-width: 760px) 100vw, 760px\" \/><\/a><\/p>\n<p>The new tax laws being proposed by the National government are not\u00a0going to prevent foreign property speculation they are a feeble attempt designed to appease the public\u00a0that\u00a0the government\u00a0has taken action.\u00a0These New Tax laws are not a deterrent just a few minor roadblocks to foreign venture capitalists.<\/p>\n<p>All non-residents must provide an IRD number means nothing, because you do not have to be a New Zealand citizen or resident to have an IRD number. The entire human population of Earth can apply for a New Zealand IRD number.<\/p>\n<p>All-non residents must have a New Zealand bank account -so they can put $5 in the account while buying $5 million worth of real estate on foreign capital.<\/p>\n<p style=\"line-height: 18.0pt;\"><span style=\"font-family: 'Georgia','serif'; color: #333333;\">All non-resident property buyers must provide identification -This weak expectation seems voluntary from Inland revenue how does Inland revenue identify New Zealand residents from\u00a0non-resident \u00a0if presenting identification is not compulsory for all buyers.<\/span><\/p>\n<p>The bright line test is the bare minimum \u00a0period of two years. It&#8217;s essential for property speculators to spend a minimum period of two years in the market to get maximum profits, while continuing to destablise the New Zealand economy.<\/p>\n<p>These tax measures are not a deterrent \u00a0they are minor roadblocks for non-resident property speculators nothing in the fact sheets is designed to segregate non resident property speculators from Kiwi families trying to buy the family home.<\/p>\n<p><a href=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-6768\" src=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1-758x1024.jpg\" alt=\"1\" width=\"758\" height=\"1024\" srcset=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1-758x1024.jpg 758w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1-222x300.jpg 222w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1-570x770.jpg 570w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1-701x947.jpg 701w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/1.jpg 1056w\" sizes=\"(max-width: 758px) 100vw, 758px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-6769\" src=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2-771x1024.jpg\" alt=\"2\" width=\"771\" height=\"1024\" srcset=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2-771x1024.jpg 771w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2-226x300.jpg 226w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2-570x757.jpg 570w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2-701x930.jpg 701w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/2.jpg 1051w\" sizes=\"(max-width: 771px) 100vw, 771px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-6767\" src=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-904x1024.jpg\" alt=\"3\" width=\"904\" height=\"1024\" srcset=\"http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-904x1024.jpg 904w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-265x300.jpg 265w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-570x646.jpg 570w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-701x794.jpg 701w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3-1067x1209.jpg 1067w, http:\/\/mananews.co.nz\/wp\/wp-content\/uploads\/2015\/07\/3.jpg 1073w\" sizes=\"(max-width: 904px) 100vw, 904px\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Mana News editor Joe Trinder The new tax laws being proposed by the National government are not\u00a0going to prevent foreign property speculation they are a feeble attempt designed to appease the public\u00a0that\u00a0the government\u00a0has taken action.\u00a0These New Tax laws are not a deterrent just a few minor roadblocks to foreign venture capitalists. All non-residents must provide [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[4,1],"tags":[],"class_list":["post-6820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing","category-news","last_archivepost"],"_links":{"self":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/6820"}],"collection":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6820"}],"version-history":[{"count":2,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/6820\/revisions"}],"predecessor-version":[{"id":6822,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/posts\/6820\/revisions\/6822"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=\/wp\/v2\/media\/6780"}],"wp:attachment":[{"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6820"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mananews.co.nz\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}