Details, details, details?

Labour continues to get tripped up by the details of its exemption riddled tax policy.

In the weekend political shows, David Parker and David Cunliffe soon learned that when it comes to economic policy, details are not a nice to have, they’re a necessity.

One other thing that was buried with out any details:

This looks a lot like a new break-up tax to me. People pay when they sell and divide their assets.

Relationship Break-ups
As a general principle??capital gains on assets transferred between a couple in the event of a relationship break-up will be rolled over and not payable until the asset is realised.

Any approach to relationship break-ups in New Zealand must take into account the approach of the Property (Relationships) Act 1976, which places marriages, civil unions and de facto relationships on an equal footing.??The Expert Panel will advise on how to apply the rollover principle so it is consistent with?existing legislation.

Good luck selling that one on the details.

The devil is always in the details and Labour?doesn’t?want to talk about the details.

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