Besides, I've already made a sop to the whiners by initiating a tax on investors. Did you like that? I used the words "bright-line" a lot and the media picked it up.
Like any of us knew what that meant. Most of you have got around the two-year limit by waiting it out or buying "first-home properties" on behalf of nieces. Now that's initiative. When my lawyer asked the IRD to leave the foreign trusts alone, I called it initiative, too.
Not everyone does.
But it's getting embarrassing when China is asking us to hand over New Zealand residents who they want on corruption charges. Imagine if it turns out they own substantial property investments here.
It will look like the housing bubble in Auckland has been laundering money. If you're going to lose it anyway why not chuck an extra few hundred K at the auctioneer?
I can see the logic but you all know that this can't last. I know I made a firm commitment not to have any land taxes but when you've got New Zealand reality TV showing people in Customs with suitcases full of cash, having declared only $10,000 of it, someone, surely, will start asking questions.
You can only buy so many possum fur leggings and lanolin face soaps. We need to re-establish trust in Brand NZ. Land tax? Sorry but time to suck it up because, come the day when there really is a level playing field, we'll be the first to go.