The Revenue Minister's confident changes to the Foreign Investment Fund will greatly benefit tech and startup companies. 

The Government's working on changes which would see new migrants taxed on a realisation basis for interests not easily disposable and acquired before coming to New Zealand. 

It applies to migrants who became tax residents here on or after April last year. 

Simon Watts told Mike Hosking this has been on the radar since he assumed the portfolio. 

He says the system hits migrants —particularly returning Kiwis and those who are wealthy unfairly— and they've been getting good feedback on the changes. 

LISTEN ABOVE 

The Revenue Minister's confident changes to the Foreign Investment Fund will greatly benefit tech and startup companies.&nbsp;
The Government's working on changes which would see new migrants taxed on a realisation basis for interests not easily disposable and acquired before coming to New Zealand.&nbsp;
It applies to migrants who became tax residents here on or after April last year.&nbsp;
Simon Watts told Mike Hosking this has been on the radar since he assumed the portfolio.&nbsp;
He says the system hits migrants —particularly returning Kiwis and those who are wealthy unfairly— and they've been getting good feedback on the changes.&nbsp;
LISTEN ABOVE&nbsp;

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, 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

Simon Watts: Revenue Minister on the changes to the Foreign Investment Fund

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c5166667-85e3-4a31-9f4a-b29e0143f47e/transcript

Advertisement