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National's tax plan has 'enormous hole' say some economists
Morning Report
English - September 13, 2023 19:10 - 4 minutes - 3.71 MB - ★★★★ - 11 ratingsNews Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Sports News for 14 September 2023
The National Party's tax plan has an enormous hole in it according to analysis by economists from both sides of the political spectrum.
Their concerns centre on the proposed foreign home buyers tax - which National is relying on to raise $740 million a year.
But using real estate data from Corelogic, the economists have calculated that revenue will fall short by some 60 to 70 percent.
Here's our deputy political editor Craig McCulloch.