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The Week in Politics: 'Feebate' splits Parliament, opposition accuses government of bringing in a new tax

The Week in Politics: 'Feebate' splits Parliament, opposition accuses government of bringing in a new tax
rnz.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rnz.co.nz Daily Mail and Mail on Sunday newspapers.

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Praise for the government's environmental tourism recommendations - 19-Feb-2021


Praise for the government s environmental tourism recommendations
Praise for the government s environmental tourism recommendations
19 February 2021
Reinstatement of a departure tax and restrictions of freedom campers are among the suggestions presented by the Parliamentary Commissioner for the Environment
The objective of the departure tax is to offset the impact that air travel has on the environment.
University of Auckland Associate Professor of the Environment Nicolas Lewis says the proposals suggest the government is looking forward.
He says the government is trying to guide tourism into the future. ....

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Economics professor suggests new tax could discourage property speculation


CHRIS SKELTON/STUFF
Hundreds of people passed through the Harcourts Gold Papanui auction house on December 3, 2020, as the city s property market continues to heat up.
A type of tax called the risk free rate method (RFRM) is being suggested by University of Auckland Associate Professor of Economics Susan St John as a way to discourage housing speculation.
Under the system, a person’s net equity in rental housing – aggregate holdings of all housing minus registered first mortgages – would be treated for tax purposes as if it had been invested at a bank generating a taxable income.
Landlords whose properties were vacant, or who were deducting huge costs against their rentals, would not be able to return tax losses and would be taxed fully on their net equity imputed income, St John said. An RFRM was “perhaps the only way forward”. ....

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Covid-19: How does the Pfizer vaccine destined for NZ actually work?


How do vaccines work?
Vaccines contain weakened or inactive parts of a particular organism (antigen) that trigger an immune response within the body.
If the body encounters the real antigen later, it already knows how to defeat it.
Frank Augstein/AP
How are mRNA vaccines different?
Rather than having the viral protein inside the vial, an mRNA vaccine contains the “instructions” for our own bodies to make the vaccine.
The body translates these instructions and teaches our cells how to make a harmless piece of what is called the “spike protein”, found on the surface of the virus that causes Covid-19. ....

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