This entry was posted on Wednesday, May 11th, 2011 at 8:30 pm and is filed under act party, Attorney-General, coalition management, national. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Aren’t the Virgin Islands a known tax haven?
yup they are
Now, now, I am sure that Simon loves the Virgin Islands – he appreciates the sandy beaches, cheerful night life and interesting sights. I am sure he spends many happy days frollicking in the waves, blissfully considering what a happy opportunity and glorious life that he can mix work with such wonderful pleasure.
I am sure that any implication that he bases his financial affairs in this glorious paradise which may, I am sure inadvertantly, reduce any unfortunate demand to contribute to the health care, public service or education systems in the colder, less cheerful and somewhat desperate country of his birth is spurious, slanderous and ill-advised.
I can only wish him all the best. I can also only advise him to watch out for sharks; they can be nippy at this time of year.
Funny Russell Fairbrother alleged that this person Simon Lusk boasted of having investments in the Caymen Islands. The link is at http://www.hawkesbaytoday.co.nz/local/news/brethren-claim-rot-bay-mp/3711408/
Only one thing to do with tax havens – make it impossible to do business there. As in a law that says something like:
Register a business or do business in a tax haven including moving money through said havens will result in all assets in NZ being confiscated – no ifs, buts or maybes.
Would be best if all nations did it but even just doing it ourselves will result in people being unable to avoid taxes in NZ.
Draco T Bastard – there is no tax advantage in being a NZ resident taxpayer and setting up an offshore company where you act as a controller or beneficial owner. If you do then you have to by NZ law return the income on your tax return as you would if it was a NZ company. If you don’t, unless you qualify on very narrow exemptions, then you are committing an offence.
It’s why I can’t come back to NZ and sell NZ people offshore companies. Waste of time in general.
In other words – you don’t need to confiscate the assets because they fall under the ambit of NZ tax anyway.
Thats right , theres nothing wrong with running a international venture capital business from down a dusty road outside Waipawa. of course during during increased global turmoil your investors will be happy you are heavily involved as a political advisor for hire as well.
That pops an intriguing question, are your investors the same people that hire you for political campaigns ?. How convenient ?
Not so great for for former employees, who we saying unkind things on a blog ?
http://news.randburg.com/28/venulum-identifies-anonymous-bloggers-through-court-action/
gww – time for your reality pills again. Blackmail and defamation go a tiny bit further than “unkind” in case you hadn’t noticed.
question for Trev.
Why, if you really believe “There is not necessarily anything wrong with using offshore company registration” did you make this post?
so what? Big deal.
Lussk is a director of venture capital in a company that is promoting the sale of Vinculum Wines Ltd in the BVI for around US$5m.
That’s what listed as a promoter for Vinculum Wine
Frankly you’d be better off serving the voters of New Zealand by explaining the positive aspects of Labour policy that will improve our economic standing, than by rolling out yet another H-Fee debacle.
When will you accept that your particularly petty kind of negative politicking doesn’t appeal to the electorate any more?
nothing negative about pointing out the facts. Oi Trev, top work in the house yesterday…just goes to show if you keep chippie-ing at the teflon it eventually gets scratched and the the proverbials starts to stick. Nice to see the oil slick niggled for a change.
“nothing negative about pointing out the facts”
Yes there is – particularly when the poor suffering bloody taxpayers have to fund this sort of tripe from our hard-earned tax dollars.
You want facts? Then get up off your duff and ask Trevor for facts about how Labour will lift NZ’s GDP faster than other countries.
Go on Trev, give us the “facts” about how Labour will improve the lot of the workers. Talk about the minimum wage or Kiwisaver. Talk about monetary policy so we can start to grasp where you’re coming from.
But in the meantime how’s about a little less of the gutter politics.
c’mon joe, let’s first hold the govt’s feet to the fire, if they are doing a good job we dont need any policy from Labour cos we just keep with the guys with a plan that’s working…
Tax cuts (non stimulatory) but which required borrowing. Increased borrowing because GST rise coincided with people buying less (no wonder they didnt get the tax cuts, not really), so revenue dropped markedly but borrowing rose.
No job creation, but a swanky job summit which was a do-fest not a talk-fest that became a “nothing to see here fest”
At some point NZers will realise, and I believe they are beginning to, that liking the PM and considering he is doing a good job is a different thing.
Are you happy to pay the PM to 1augh and joke on radio programmes? “He” doesnt give his pay to charity, “we” do.
Frankly Tracey, I’d rather see my tax dollars go to charities using John Key’s salary as an intermediary, than pay Trevor to continue this nonsensical do-nothing stuff.
For a start, charities work to improve the lot of the people they represent.