(27-04-2022, 02:11 PM)king1 Wrote: (27-04-2022, 12:17 PM)Wainuiguy Wrote: Except Ardern has ruled out a CGT while she is PM. Mind you wouldn't be the first lie she has told.   Publicly it started with the ultimate lie - I have never lied as a politician.
I don't know I can agree with the lies part, the threshold for a blatant lie is right up there, Scott Morrison kind of level.
Now catching someone out stretching the truth is fairly commonplace these days...  Politicians are generally known for their spin, right up there with used car salesman, so probably not really a big surprise...  bit of an irony you would bring this up...
However, I think at the moment at least, I feel a bit more comfortable trusting Prime Minister Ardern to do the right thing by New Zealand(ers) than I would any of the other agenda driven, backroom dealing, looking out for their own ilk, former and current Nat leaders...  just my 2c
Which is worth about 0.5c worth, probably less
(27-04-2022, 02:12 PM)Praktica Wrote: Wainuiboy is starting to betray his biases - I bet he gets his "hot takes" from Kiwiblog.
And, like you often are, you'd be wrong.
(27-04-2022, 12:41 PM)harm_less Wrote: (27-04-2022, 12:17 PM)Wainuiguy Wrote: Except Ardern has ruled out a CGT while she is PM. Mind you wouldn't be the first lie she has told.   Publicly it started with the ultimate lie - I have never lied as a politician.
None of what you described is illegal.  The government set the rules around companies and trusts so of course people use those rules.  Are you saying you don't let your accountant assist you in maximizing your businesses profits in similar ways?
BTW super is not impacted by your assets or secondary income from investments.
The PM's stance on CGT is a difficulty but implementing a similar taxation regime by another title would solve that and is more likely than not IMO.
Nowhere did I claim that any of what I described was illegal. My point was that the practice of minimising one's tax burden is not just the territory of the 'big boys' so any change that affects big business needs to ensure it doesn't disadvantage small businesses.
And so far as income earned in addition to superannuation is concerned the tax reckoning occurs at the end of the year when total income is tallied up, benefits and all, so a portion of that superannuation can often be paid back as a result. Aged care eligibility is asset tested with the limit being $239,930. Anyone involved in rest home care situations are all too aware that some well heeled elderly avoid this threshold by way of their assets having been migrated into trusts. This also serves to disquise their investment income with tax advantages in regard to their benefit security.
(27-04-2022, 12:38 PM)Wainuiguy Wrote: So Parker got his $5 mil last year and in that time he has written a speech about unfairness in the tax system.  Money well spent there.
Did you pull that number out of thin air? Proof please.
Widely reported.  In fact may have even been mentioned in the article attached to the OP.  And I didn't mention rest home care - you did.
