Forum Archive Index - February 2002

[hugh webber <hugh.webber@clear.net.nz>]

Actually I very well recall the then National Govt via IRD introducing such a 
tax at the very worst
time just after 1987 when I was a shareholder in IEP, Ron Brierley's overseas 
company which was a
partial subsidiary of BIL.
It was madness as pointed out in other posts in terms of taxing non existent 
wealth as if there was
a cash flow when there wasn't. After protestations from shareholders/National 
Party members the
Govt overruled the rottweilers in IRD and it sank.

Will Cullen have equal common sense in the end....



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