Forum Archive Index - January 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

 

Hugh,

 

 I don't think that we can comment on taxation matters in this forum.

 

H: The nuances of the problems require a more fundamental approach: A complete overhaul of the laws governing any taxation on investment in shares.

 

G: We have two outstanding problems:

1. Different taxation rules applying to Real Estate- and Share investments.  

2. The application of existing laws on the latter.

 

H: Yes, re (1), MP's fear a backlash if the rules pertaining to Real Estate were to be changed: Many have also more than one property or operate trusts. 

 

Commentators have stressed the importance of the country earning greater returns from other instruments eg. shares in public companies.

 

G: It all falls on deaf ears: Some MP's don't know or don't want to know; their attention span is too short anyhow ! 

When you meet them, one eye looks at you while the other tries to capture a potential voter passing by!

 

H : Yes, after a while, their eyes become permanently 'set' and surgeons have to realign them! 

 

G. Re ( 2 ), the government ought to read Australia's treatment of investments in the sharemarket and real estate and try to find an intelligent solution to the outstanding problems.   

 

H: The proposed organisation of shareholders will need to look into this; the matter has become urgent: potential investors will not enter the market until these issues are resolved!!

 

Gerry