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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (8458)	8/20/2006 7:48:34 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217754

So Maurice sells his Qualcomm stock now and pays no tax. If they pass the new law, he pays tax on his future capital gains, as you would in most countries. The grey-list tax-exemption will still exist when you own 10% or more of the foreign company. us.kpmg.com If I were in Maurice's position, I would have moved to Australia long ago - even if the taxes were higher there. The treaty granting reciprocal residency makes that an easy option, and what is there in New Zealand that you can't find in Tasmania? If they built a Sky Tower on the Hobart waterfront, you may as well be in Auckland - hoons and all. And Tassie is only a 3.5 hour flight away from visits to NZ if you left something there. From what I read, the CGT is currently paid by NZ based mutual funds on money invested in non-grey-list nations. If the law is changed, they will also pay CGT on their grey-list investments - except for ownership greater than 10%. The new exemption will be investments in NZ based companies and certain Australian investments. .