Recycled clothing store Godzilla opened in Bridge St earlier this month after Savemart moved into Trafalgar St in December. Clothing is one of the fastest growing causes of waste in New Zealand and consumers are becoming increasingly aware of the impacts of fast fashion.
The Great Tax Robbery
If you are able to save from your salary or wages you are being robbed – not by the banks but by the government.
Once you have, say, $1000 saved you may prefer to risk it on the share market but until you do the following happens (using current BNZ rates as it is our biggest bank but use your own figures, it does not change the story):
$1000 invested at 2.6% for 12 months gains $26 interest. Tax (at 30%) takes $7.80 leaving a new total of $1018.20 which ‘looks like’ profit of $18.20 BUT IS NOT.
With inflation (around) 2% though the real value, the purchasing power, of your original $1000 PLUS that interest (1018.20 x 0.98) is now only $997.84
Your $1000 (in terms of what it can buy) has lost money and the Government has taxed your losses – this only happens to savers, generally working people and the retired, not rich investors.
A bill that will revamp the rules for New Zealand's residential tenancy market has been introduced to Parliament.
One of the changes is to require landlords to give a reason for evicting tenants, if they give 90 days' notice. Under the current rules, no reason is required.
Do you think landlords should have to give a reason to evict tenants? Have you ever been evicted without reason?
If you have been on a journey with Readers Tours we would love to hear your feedback and share your experience with others.
If you would like to leave a review on Google, please click the link below
Click Here to review > g.page...