Government quietly introduces $103 billion tax on KiwiSaver Financial agencies and GST experts have warned the tax will hit KiwiSaver balances hard and be passed on in the form of increased fees, while the opposition has described it as “yet another tax grab … to fleece New Zealanders of their hard-
Robert Muldoon used to brag that exporting New Zealanders to Australia raised the IQ of both countries, but lately, Australia’s importing a lot of garbage from New Zealand that’s making us dumber. And I’m not talking about Russell Crowe, phony “asylum seekers”, or sundry criminal bikers. What
JL Increased spending equates to inflation – this is basic economics taught to school children. Our kids will also learn when our political overlords mismanage mum and dad’s money they too will feel it at the till. Yet this current crop of political miscreants has the gall to blame all
Warning This article is for information purposes only and should not be construed as financial, or other, advice. Information Opinion In New Zealand there is a long history of investment in various types of real estate. Many BFD readers undertake this activity for investment purposes and have probably done rather
What does Ardern’s Government do when people stop praising it and start to complain about the high cost of living? Naturally, they say, ”Look over there!” It’s never their fault. They knew in 2018 that food products made here were cheaper to buy in Australia. Why didn’t
A chance conversation last week about cross-Tasman migration was with a real estate agent from a small agency on the Sunshine Coast, currently with ten Kiwi families on his books who are leaving the sinking ship of New Zealand for greater opportunity, more money, warmer climate, and less political
Sir Bob Jones nopunchespulled.com Recent calls from predictable sources to emulate Britain and introduce a one-off “windfall tax” on petrol companies, are massively ill-considered. An important principle of any tax system is consistency. Ad hoc “one-off” taxes are contrary to that principle. Participation in market economies,
David Seymour ACT Party Leader Less than an hour before Reserve Bank Governor Adrian Orr was due to be questioned at Select Committee he issued a 13-page mea culpa. In the report, RBNZ says that it had to do Large Scale Asset Purchases (LSAP) because interest rates couldn’t
Jon Miltimore fee.org Jonathan Miltimore is the Managing Editor of FEE.org. His writing/reporting has been the subject of articles in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune. Bylines: Newsweek, The Washington Times, MSN.com, The Washington Examiner, The Daily Caller,
Edward W. Fuller mises.org Edward Fuller, MBA, is a graduate of the Leavey School of Business. John Mearsheimer recently gave an important lecture on the Ukrainian war. He warns that “the United States is now effectively at war with Russia”. Mearsheimer argues, “The United States is principally responsible.” Alexander
Hiroshi Yoshida fee.org Hiroshi Yoshida is an award-winning Certified Public Accountant and Licensed Tax Accountant with a Ph.D. in Policy Studies from Chiba University of Commerce. He is the President of The Institute of Public Sector Accounting and of The Free Economy Institute in Japan. (Editor’s
Joe Spencer Warning Satire Does anyone know the cost of taxation? Not the social cost of normalising institutionalised theft, but the actual dollar cost of collection and accounting for every dollar taken, the cost to the economy as a whole? This isn’t rhetorical: I’d be really interested to
Jackson Paul fee.org Jackson Paul is a policy intern for the American Conservation Coalition. Find him on Twitter: @CJacksonPaulTX At the 2021 United Nations Climate Change Conference, Sri Lankan President Gotabaya Rajapaksa gave a speech bragging about his country’s move toward sustainable agriculture. Less than a year later,
“One has to belong to the intelligentsia to believe things like that,” Orwell famously said. “No ordinary man could be such a fool.” Orwell might have been looking in a crystal ball and following the career of Paul Krugman. Krugman is a Nobel Prize-winning economist. He’s also, on
When I heard about the proposed ‘cost of living payment’, aimed at workers who earned less than $70,000 a year, I just knew it was going to be another Labour debacle. IRD already has a staffing shortage, and to force them into operating a system of such great magnitude
Joe Spencer This week it came to light that the New Zealand Government is going to airdrop some free money to those of us struggling to keep up with the consequences of Reserve Bank-driven inflation. This is definitely accepted by many as great news; a respite at a time
