Revenue Minister Simon Watts this month unveiled plans to change the Foreign Investment Fund (FIF) regime to give some foreigners with illiquid investments offshore an additional, possibly more advantageous, way of paying tax.

He said the Government would also consider exempting more Kiwis from the FIF rules, which incentivise domestic investment, but can be an administrative nightmare.

NZ Herald Wellington business editor Jenee Tibshraeny unpacked the current concerns - and explained why people are calling on the Government to go further.

LISTEN ABOVE

Revenue Minister Simon Watts this month unveiled plans to change the Foreign Investment Fund (FIF) regime to give some foreigners with illiquid investments offshore an additional, possibly more advantageous, way of paying tax.
He said the Government would also consider exempting more Kiwis from the FIF rules, which incentivise domestic investment, but can be an administrative nightmare.
NZ Herald Wellington business editor Jenee Tibshraeny unpacked the current concerns - and explained why people are calling on the Government to go further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government looking to change the Foreign Investment Fund regime

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6f653cad-5f89-4d43-9114-b2ac007795ee/transcript

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