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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (87800)	11/22/2004 11:42:58 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 793731

Okay Lindy, my blood pressure is going to make me a ward of the state too. Today I learned that we were supposed to pay non-resident with-holding tax on interest payments on debt incurred to buy Globalstar and QUALCOMM shares, which was loaned by USA financial institutions, secured against said shares. I'd never heard of that. We have to write out a cheque [check] for 10% of the interest we paid to the lenders. Then, because we didn't do it right, there will be penalties and compounding interest payments and maybe 'use of money' charges. Since it was innocent, [meaning I had no idea such a charge existed - and the useless IRD people never corrected our tax returns or questioned it, although I reported what we were doing, the amounts, and so on, every year, and not many other people have heard of it apparently], we won't go to gaol or jail and won't have to pay three times the amount which was due [the penalty for tax evasion], but the compounding monthly penalties will still be serious money. I also forgot to mention in my previous rant the cost of all the refugees NZ takes into the welfare system. It is perhaps a matter of, "If you can't beat them, join them". We might as well blow all our money [what's left] on party-time, then go down to the welfare office and join the bludgers. Or perhaps flee to Mauritius [which has an excellent name and seems a nice place], Sri Lanka or somewhere. Is there a free country anywhere on Earth? I wonder how the Libertarian takeover of New Hampshire is going. Those who like freedom in action, rather than in lip service, need a place to live. The USA isn't really such a place, contrary to popular myth. FredonEverything seems to think Mexico is a fairly good choice. fredoneverything.net From where I sit, I can see why New Zealand is on a road to nowhere. Mqurice