@damianchristie @JulieAnneGenter I keep some money in a savings account. It earns interest. I pay tax on the interest. It is a tax on the money my money has earned, not a tax on the money I earned. Just like CGT.

@REasther @JulieAnneGenter Yes I had this on my original tweet until it got too long :)

@damianchristie There’s a legitimate point here around double taxation

@cjsbishop Is there? Would you like to explain it, without resorting to words like "hard-working mums and and dads" or "kiwi"? I heard a lot more nuanced argument on RNZ just now about the difficulties in dealing with improvements, mixed-use properties and so forth. *That's* useful.

@damianchristie Si and the Nats sounds like a terrible covers band that plays it Kitty O'Shea's.

@David_Cormack I think you'll find it's called Kiwi O'Sheas, and it's full of hard-working mums and dads who've saved up and are enjoying a beer, while in the garden bar young women listen eagerly while the menfolk help them understand the evils of a tax-on-a-tax.

@damianchristie @JulieAnneGenter I'm no fan of Bridges/National. However, if you buy a business and it makes a surplus then the business either pays corporation tax on the profit or dividends are paid to shareholders upon which they pay tax, or some combination. Where do you get the idea tax isn't paid?

@pohutukawa @JulieAnneGenter As a tax-paying business owner I certainly don't get that idea :) My point was that tax-on-a-tax could be argued to be everywhere, unless we start saying that whatever you do with tax-paid money (such as buy a business) needs to then be excluded from being taxed forever more.

@damianchristie No, the business should still pay business tax, and the owner should still pay income tax in dividends received, but you shouldn't pay tax on an increase in the value of the business. That's the "double-tax".

@damianchristie If I register my software company as ‘Software Art Ltd’ will my software and my business be exempt from CGT?

@damianchristie Simon gonna be shocked when he finds out about GST.

@damianchristie You won't get one from the National Party. Their brains have adapted to dishonesty to the extent that they're now incapable of bringing facts to an argument. The best debate is to the left: the argument that exempting the family home is a mistake.

@damianchristie What’s GST & petrol tax then? Etc

@damianchristie @JulieAnneGenter PIE/PIR on kiwisaver investments? That part i don't feel is clear enough yet. Bridges is a moron, he has zero credibility as an opposition leader.

@damianchristie Every time I go to the shops, I pay "a tax on money I've already paid tax on" - wasn't Bridges a part of the National government which *increased* that tax?

@damianchristie Why are they proposing to tax inflation?

@damianchristie If you own a business, you pay tax on PAYE and earnings. When you sell business, I believe the goodwill is not taxable.

@damianchristie The Nats are chattering knowing that until the coalition works out what they intend to do about the TWG findings they can’t comment. Nats keep throwing rubbish in to confuse & scare “mums & dads” they don’t care about them, just themselves.

@damianchristie Indeed. Go you!

@damianchristie We do deserve better debate: yet looking at the debaters I suspect we will be waiting for eternity.