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Prime Minister Jacinda Ardern has no regrets removing tax deductions on interest costs for rental properties, which she describes as a "tax loophole".
Property investors have been threatening to increase rents after the Government announced on Tuesday they will phase out the "tax loophole" over four years, among a range of other measures to help bring house prices down.
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- Article: https://www.newshub.co.nz/home/politics/2021/03/prime-minister-jacinda-ardern-has-no-regrets-moving-against-property-investor-tax-loophole.html
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Every other business can do it why is it a loop hole for landlords...
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The National Party says the Government must enact an abandoned sanctions law that could be used to target Chinese officials over the abuse of the Uyghur minority.
The party's foreign affairs spokesman Gerry Brownlee on Wednesday told Stuff it’s time for China to open up Xinjiang, a western province, to a United Nations (UN) team to inspect human rights abuse of the Uyghur Muslim minority.
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Read more: Uyghur abuses: National Party backs call for UN investigation in Xinjiang, China
- Article: https://www.stuff.co.nz/national/politics/124655741/uyghur-abuses-national-party-backs-call-for-un-investigation-in-xinjiang-china
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The United States will not force any NATO ally to choose sides between Washington and Beijing, US Secretary of State Antony Blinken said on Wednesday, although he warned that China was seeking to undermine Western liberal democracies.
European allies France and Germany are looking for a strategic balance in relations with Beijing and Washington that ensures the European Union is not so closely allied with one of the world's two big powers that it alienates the other.
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Read more: United States won't force allies into 'us or them' choice on China - Antony Blinken
- Article: https://www.newshub.co.nz/home/world/2021/03/united-states-won-t-force-allies-into-us-or-them-choice-on-china-antony-blinken.html
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Landlords who threaten to raise rents as a result of the Government's new housing plan are being "disingenuous", an investor says, and they should accept housing as a public good - not a product.
Part of the Government's plan means property investors will no longer be able to offset their interest expenses against their rental income, reducing their tax liability.
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- Article: https://www.newshub.co.nz/home/money/2021/03/landlords-who-threaten-rent-rises-disingenuous-should-accept-housing-as-public-good-not-a-product-investor.html
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Hundreds of communities on social media platform Reddit locked down on Thursday in protest of a controversial admin.
Reddit recently hired former UK Green Party politician Aimee Challenor who has been accused of supporting pedophilia.
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- Article: https://www.newshub.co.nz/home/world/2021/03/hundreds-of-reddit-forums-locked-down-admin-fired-after-allegations-of-supporting-pedophilia.html
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The head of spy agency NZSIS says she knows the spies must do better after March 15 when her agency's terror watchlist was focussed solely on Islamist extremism.
But she still couldn't assure the public that the spies were looking in the right places and picking up obvious far-right threats.
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- Article: https://www.newshub.co.nz/home/politics/2021/03/nzsis-boss-rebecca-kitteridge-can-t-promise-spies-are-looking-in-right-places-picking-up-obvious-far-right-threats.html
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Social media users have attacked Jacinda Ardern during a Facebook Live over the Government's latest housing announcement, saying the new plans won't help renters.
On Tuesday, it was announced that the Government would crack down on property investors to help first-home buyers get a foot in the door by assisting with deposits and expanding the property investment tax. As part of the plan, the Government decided to offset tax deduction losses on rental property mortgage interest rates.
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- Article: https://www.newshub.co.nz/home/politics/2021/03/housing-crisis-social-media-users-attack-jacinda-ardern-over-government-s-new-housing-plans.html
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Landlords are warning the weapon they'll bring to the Government's war on property investors is higher rents.
They say the new housing measures will increase their tax bills and force them to hike prices or sell out, reducing rental supply.
But renters can't afford to pay anymore.
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Read more: Housing crisis: Landlords' warning to increase rents not an empty threat - economists
- Article: https://www.newshub.co.nz/home/money/2021/03/housing-crisis-landlords-warning-to-increase-rents-not-an-empty-threat-economists.html
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