Posts by Paul Campbell

  • Polity: Mike's minute: Mike's maths!,

    he must pay all his tax up front, I wonder if you get a discount if you do that

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Polity: Mike's minute: Mike's maths!,

    Oh Rob, don’t let facts get in the way, Mike (thinks he) is more important than you because he’s on TV

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Hard News: This. Is. Crazy.,

    actually I just checked with the source, apparently money for food is not usually required to be paid back but money for other things (getting a car fixed etc) is - and it comes out of your benefit, often at a rate that's too high (she says how much is negotiable if you know you can do that)

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Hard News: This. Is. Crazy.,

    My partner is a social worker, I guess the whole WINZ-loan thing is not a surprise to me - but it goes beyond housing .... show up at WINZ hungry, unable to feed the kids, and they'll offer you a loan too ..... and I'm pretty sure payback comes out of your ongoing benefit too.

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Legal Beagle: An update of changes to…,

    certainly the tiptoeing around this issue over the past couple of years has had a lot to do with the circumstances (and the coroner has been MIA in this issue), it allowed the council to essentially sweep much of the issue under the carpet and not go after the (connected) people to recover the vehicles in question

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Legal Beagle: An update of changes to…,

    Interestingly a Dunedin blogger will be in court soon over what may be just this issue, after apparently republishing something she thought was OK.

    Actually I think that ODT article may itself be possibly in breach of the law, or is at least skirting it extremely closely.

    The issue mentioned by the ODT article is around a council employee who was caught embezzling millions through the sales of used council vehicles. It’s an important local issue about corruption within a local body – however because of the circumstances it has resulted in a general gagging of public discussion of this wider issue – you’ll notice that the ODT has disabled public discussion on that article, and in fact has on all articles to do with this corruption scandal.

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Hard News: Forgetting what we didn't know,

    seems like the solution is for the countries come up with an agreement good transparency rules for international transactions .... and to unconditionally tax all transactions through countries that don't join the agreement as "income"

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Polity: Is being a tax haven worth it?,

    I want to know why National changed the law in 2010 to make this possible. Who's bright idea it was? Who lobbied the gov ernment for this change? which cabinet ministers championed it? was Key's 'lawyer' involved? if so did he lobby Key?

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Hard News: How the years flew by ...,

    I sort of like that - but it does screw me over - in a bunch of ways:

    I worked overseas for 20 years and saved a lot for my retirement (and paid my taxes rigorously in both countries), when I bring that money back to NZ I don't particularly want to lose 20% of it.

    Equally I run a small company, it mostly earns overseas currency, most of which comes into NZ, is paid to me and I pay tax on, however a small amount is kept in overseas funds (to avoid changing currencies twice) and is used to purchase supplies or capital equipment for the company (and show up on the balance sheet for tax purposes) - that equipment is equivalent to Key's "gift" above ... it does show up on my (corporate) taxes, but at the end of the financial year.

    I manufacture in China - that essentially involves sending money overseas to a random entity, often in Hong Kong (nominally another tax haven), I'm not sure how this looks different (to say the Reserve Bank) from someone trying to hide money from the IRD.

    Really I simply think that the all the countries need to get their act together, and change their laws so that money stored in a tax haven is still taxable - that means agreeing on a common, fair tax regime that applies to all - Apple gets taxed on its NZ profits in NZ, US profits in the US, etc exporting profits to avoid tax is simply made illegal.

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

  • Hard News: How the years flew by ..., in reply to Glenn Pearce,

    Another factor is that the children of Boomers are quite happy for it to perpetuate because who do you think benefits when their parents eventually pop their clogs?

    Our kids have been tolds not to depend on it in their live's plans, we're planning on spending it all, anything that's left when we go will be gravy

    Dunedin • Since Nov 2006 • 2398 posts Report Reply

Last ←Newer Page 1 2 3 4 5 240 Older→ First