Tax Free Hideouts, Overseas Investment Thresholds, And The TPP

The government is determined to press ahead with the law changes needed to implement the Trans-Pacific Partnership as quickly as possible – before people get their heads around what is really happening. And there is plenty happening.

The Overseas Investment Office is under scrutiny for letting unsuitable buyers buy up land, and the Panama Papers indicate foreign trusts can use New Zealand as a tax haven. At present anyone, anywhere can invest up to $100 million in New Zealand without needing government approval.

Once the TPP is ratified that threshold will be raised to $200 million. Expect the concept of ‘sensitive land’ to get some serious legal scrutiny as well. Which begs the question why even bother with the Overseas Investment Office? Continue reading

Company Tax Rates, Alliance Style

ACT has thrown company tax rates into the election circus. The reaction from other parties has been muted to say the least. No one seems to know how to respond.

The Alliance Party has never been afraid of controversy. Let’s look at company tax rates, and trust tax rates too for that matter. But let’s look at them from the viewpoint of reducing inequality and increasing the common good, as opposed to enabling companies to increase their profits per se. Continue reading