Well, I'll be STUFFed!
Laugh or cry, the gummint-bribed, taxpayer-paid-for, brain-dead, NZ prostitute media cannot help themselves:
The same "tax advantage" that every other business in NZ has.
Huh! Hang on! If everyone has it, how does it get to be an...
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To avoid doubt, this is a serious question.
Definition: all currency is money; very little money is currency. (Most money is illusory - credit!)
Why does everyone [almost] keep referring to the gummint or RBNZ "printing money?" The RBNZ may order printed currency...
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Couldn't possibly be because he's a puppet pressie, now, could it?...
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If it is indeed a tax on income, rather than profit, that's another egregious socialist theft, akin to the non-deductibility of interest. As the implementation date is 2024, it will only happen if the socio-commie Labour lot get re-elected.
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Webinar needed?
My best guess is simple.
Some Trusts are passive Trusts and earn no income, so don't incur any tax liability of any sort. They are just a 'parking place' for a non-income-earning asset. Like a family home. Sequestration is the name of the game.
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"Defence" spending?
Who's kidding who?
Shouldn't that be "Aggression" spending?
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For those without a mortgage[s], I suspect the risk is minimal. Apart from a small amount of shares and bonds in my local port, I have no investments outside property and have no concerns about that....
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The saddest aspect to your observations is there will still be a few short-term-memory-loss, Labour-voting mental midgets who will believe Robusome's BS!
Think back to the Reform of the Residential Tenancies Act 1986 pseudo-Discussion document. Excerpt below:
* Phil & Co...
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Tut, tut . . .
Didn't you see that Labour has a plan?
And that's on top of the 10,000 affordable kiwibuild houses per year, dontcha know.
So - no problems; plenty of houses; cheaper rents; yunno - all the usual BS.
* Over the next 4 years! Do they really believe...
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So the difference between price inflation and service inflation is what, exactly?.
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I presume "service inflation" relates to the labour charges for chippies, sparkies, plumbers, etc?...
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