Forum Archive Index - February 2002

["Malcolm Cameron" <malharcameron@hotmail.com>]

Snoopy
Have a look at Brierly investments move to incorporation in Bermuda and the 
unrealised capital gains tax implications in that if you had a large 
shareholding to be paid to the government of Bermuda no matter your country 
of residence. This my understanding of there statement in tax implications 
of transfer to incorporation in Bermuda. Please correct me if my 
understanding is incorrect.
Malcolm


>From: "Richard Hooper" <hoop@ihug.co.nz>
>Reply-To: sharechat@sharechat.co.nz
>To: <sharechat@sharechat.co.nz>
>Subject: Re: Re: [sharechat] Cullen to Introduce Wealth Tax - Confirmed
>Date: Sat, 23 Feb 2002 02:14:32 +1300
>
>Snoopy
>Zeeland not Zealand.  Been there.. Shit of a climate,but the people are
>wonderful . Is Cullen kite flying or is he spreading this rumour so he can
>soften the public ahead of a some form of capital tax if this proposal
>fails? Is this a pathway to impliment this after the next elections by both
>political parties?
>Hoop
>
>----- Original Message -----
>From: <tennyson@caverock.net.nz>
>To: <sharechat@sharechat.co.nz>
>Sent: Saturday, February 23, 2002 12:14 PM
>Subject: Re: Re: [sharechat] Cullen to Introduce Wealth Tax - Confirmed
>
>
> > Hi DR,
> >
> > >
> > >
> > >in reply to the original post.
> > >1. For equality any tax on wealth -usually capital gains in other
> > >countries is only levied on sale of the asset. To maintain equality,
> > >that has to be true in NZ as well.
> > >
> > >
> >
> > I am sorry to inform you that the proposal is to tax assets (in
> > particular listed shares and bonds) as they are held *not* when they
> > are sold.  As such I believe that all of my criticisims of such a
> > scheme remain valid.
> >
> > The most unpopular aspect of this tax (the idea of taxing own your
> > own homes) has been discarded.  However, it is very clear that Cullen
> > proposes to tax shares based on their market value on some arbitrary
> > balance date.   I believe the Netherlands already has such a system
> > in place.  So it has been done in Zealand.  And it will now be done
> > in New Zealand too. SNOOPY
> >
> >
> >
> >
> > ---------------------------------
> > Message sent by Snoopy
> > e-mail  tennyson@caverock.net.nz
> > on Pegasus Mail version 2.55
> > ----------------------------------
> > "Q: If you call a dog tail a leg, how many legs does a dog have?"
> > "A: Four.  Calling a tail a leg doesn't make it a leg."
> >
> >
> > 
>--------------------------------------------------------------------------
>--
> > To remove yourself from this list, please use the form at
> > http://www.sharechat.co.nz/chat/forum/
> >
> >
>
>
>----------------------------------------------------------------------------
>To remove yourself from this list, please use the form at
>http://www.sharechat.co.nz/chat/forum/
>




M H & M M Cameron
55 Czarnecki Street
Camira 4300
Brisbane
Queensland
07 3389 0515


_________________________________________________________________
Send and receive Hotmail on your mobile device: http://mobile.msn.com


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/