A view that new migrant tax rules will put us on par with other countries. 

The Government's proposing a bill to stop migrants being taxed on estimated overseas income and instead, only what they actually earn. 

Independent tax expert Geof Nightingale told Mike Hosking the current settings are a problem for high-value migrants, particularly now we have the Active Investor Plus scheme.  

He says these people usually have a portfolio of shares of other things around the world but we tax them on an annual basis, no matter if they sell. 

LISTEN ABOVE 

A view that new migrant tax rules will put us on par with other countries.&nbsp;
The Government's proposing a bill to stop migrants being taxed on estimated overseas income and instead, only what they actually earn.&nbsp;
Independent tax expert Geof Nightingale told Mike Hosking the current settings are a problem for high-value migrants, particularly now we have the Active Investor Plus scheme. &nbsp;
He says these people usually have a portfolio of shares of other things around the world but we tax them on an annual basis, no matter if they sell.&nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Geof Nightingale: Independent tax expert on the new migrant tax rules

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5fa339d3-ddc1-4de2-95b1-b3450147d736/transcript