• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 3 of 6 FirstFirst 1 2 3 4 5 ... LastLast
Results 21 to 30 of 55
  1. #21
    Join Date
    Apr 2016
    Posts
    2,343

    Default

    Another conundrum. At the end of the day NZ is doing pretty well by global standards so whatever we are doing is working reasonably well. When I travel I think even more highly of NZ. There is real poverty in so many countries, thankfully we don't really have any compared to USA, Singapore, Malaysia etc.

  2. #22
    Join Date
    Jun 2004
    Posts
    10,441

    Default

    Quote Originally Posted by Bobsyouruncle View Post
    Another conundrum. At the end of the day NZ is doing pretty well by global standards so whatever we are doing is working reasonably well. When I travel I think even more highly of NZ. There is real poverty in so many countries, thankfully we don't really have any compared to USA, Singapore, Malaysia etc.
    Agreed.
    The trick with taxation is to extract enough money from the rich without then buggering off or encouraging them to minimise it more.

  3. #23
    Join Date
    Apr 2016
    Posts
    2,343

    Default

    I wonder how much difference it would make if the super globals were forced to pay tax in the nations they derive income from? EG: Google.

  4. #24
    Join Date
    Aug 2003
    Posts
    7,672

    Default

    It's the erosion of the upper end of the middle class - (individuals earning over $150K) while as you say the wealthy pay very little tax. I agree it would be good to lock down the global giants Here's a good read on the deal the UK did with Google and how it's laughable. There is one rule for them and another for everyone else.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  5. #25
    Join Date
    Jun 2004
    Posts
    10,441

    Default

    The sad thing about the Googles and Facebooks of the world is that they have truck loads of cash they can't use.
    If they distribute it to shareholders as divvies they have to pay tax 1st.
    So it ends up locked up or spent on what can turn out to be an expensive aquisition.

  6. #26
    Join Date
    Oct 2013
    Posts
    1,637

    Default

    It's funny that people get upset about 'the rich not paying their fair share'. I'm sure there are plenty of super-rich who do employ fancy tax strategies to shield their earnings, but they will be the 0.1 to 0.5%. The vast majority of that 10% are 'regular' people, earning approx $65-150k. When I left New Zealand I was below that bracket, but I'm sure I'll be well within it when I return - the only tax-avoidance strategy I use is making use of tax free capital gains on property and shares. This is the only tax-avoidance strategy available to the 'regular rich' that has any real impact.
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!
    [email protected] for more information.

  7. #27
    Join Date
    Sep 2004
    Location
    Hastings
    Posts
    15,012

    Default

    Quote Originally Posted by Anthonyacat View Post
    . . . is making use of tax free capital gains on property and shares. This is the only tax-avoidance strategy available to the 'regular rich' that has any real impact.
    If employed, I agree. But 'regular people' in most SMEs do have one or two extra options.
    Want a great looking concrete swimming pool in Hawke's Bay? Designer Pools will do the job for you!

  8. #28
    Join Date
    Apr 2016
    Posts
    2,343

    Default

    65 to 150K, hardly the rich. Habitual investors would be the absolute minimum level of people I am talking about. 2 mil net worth and 200K income annually. In the last census 240,000 people earned over 70K and that has increased significantly int he last 3 years.

  9. #29
    Join Date
    Oct 2013
    Posts
    1,637

    Default

    150k, hardly the rich.

    But yet these are the majority of the top 10%.

    People rage against 'the rich' but that is a category that is reserved for those significantly richer than themselves. Much like everyone considers themselves in the middle- or upper-middle-class, everyone considers themselves just a step or two off being 'wealthy'.

    Globally, we're probably in the 10% because we can afford internet access and have the education or wealth to discuss property matters. The Global Inequality Problem says that Basically, anyone who makes more than $35 K US per year is in the global 1% of income earners.

    I've been in the 1% since a year after finishing university. Maybe even my first job, depending what exchange rates were like at the time.
    AAT Accounting Services - Property Specialist Accounting - AATAccounting.co.nz
    Lower fees for investors, traders & real estate agents!
    [email protected] for more information.

  10. #30
    Join Date
    Jun 2004
    Posts
    10,441

    Default

    I agree Anthonyacat - we have always been just above the level of getting benefits from the state.
    No working for families, no family benefit, no community services card.
    We just earn money and pay tax but it seems we (I since they talk individual income not family income) am in the top 3% - really doesn't feel like it!


 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. New stats from the RBNZ
    By Viking in forum Property Investment (NZ)
    Replies: 2
    Last Post: 11-04-2017, 08:28 AM
  2. Help with getting some stats
    By YayHouses in forum Property Investment (NZ)
    Replies: 4
    Last Post: 22-07-2013, 09:49 PM
  3. Two rentals worth $350k each versus one rental worth $700k?
    By karenpnz in forum Property Investment (NZ)
    Replies: 29
    Last Post: 08-11-2011, 11:06 PM
  4. stats on properties
    By frances56 in forum Property Investment (NZ)
    Replies: 1
    Last Post: 29-08-2009, 10:12 PM
  5. REINZ stats
    By CJ in forum Property Investment (NZ)
    Replies: 5
    Last Post: 12-03-2009, 07:01 AM
  6. Stats glorious stats!
    By Monid in forum General (NZ)
    Replies: 0
    Last Post: 03-05-2007, 06:19 AM
  7. UK Stats
    By The_Dog in forum Property Investment (UK)
    Replies: 0
    Last Post: 21-11-2006, 01:37 AM
  8. New REINZ stats - it's 6 each way
    By leapy in forum General (NZ)
    Replies: 2
    Last Post: 18-08-2005, 03:50 PM
  9. HB pop stats
    By muppet in forum Property Investment (NZ)
    Replies: 2
    Last Post: 22-11-2004, 02:31 PM
  10. NZ STATS
    By Marc in forum Property Investment (NZ)
    Replies: 9
    Last Post: 17-03-2004, 04:43 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •