Economists dubious over National's foreign buyer tax claims

National's revenue raising claims around foreign buyer tax 'beyond comprehension'. (Image: NZME)

Thu, 14 Sep 2023

Economists are questioning the assumptions behind National’s tax plan, saying the party is unlikely to raise the $2.9 billion in revenue National needs from it to make its tax promises add up.Three experts, former economist Sam Warburton, former Reserve Bank head of financial markets Michael Reddell and Corelogic head of research Nick Goodall, have done their own modelling on the plan using Corelogic property data.They modelled three different scenarios, coming up with revenue estimates of between $212.7 million and $286.8m a year –...

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