Black Monday

[Bjauck]

We have a Revenue tax of 15% on most NZ business, excluding exporters, which has more of an impact than another form of income tax.

The absence of a CGT in NZ is relevant as in effect it is a permanent tax cut. This helps to inflate share prices over time (just as it has helped even more to inflate NZ house prices.) So given this context, I think it makes the performance of the NZX50 gross index less remarkable compared to the performance of the American capital index over the same period.

NZ GST along with US state and local sales taxes, Employer Health and dental insurance payments and payroll tax are not applied as a result of the increased value of share investments when realised.
Smartshares NZ.

I would actually posit that comparing the NZX50 to the S&P500 index is also misleading insofar as the NZX50 is dominated by several large companies. A more valid comparison would be with the NZ portfolio index as followed by the FNZ TOP50 ETF which is "only" up by about 60% in the past five years.

[Panda-NZ-]

What percentage of the NZX is owned overseas?

For our largest company (FPH):
https://simplywall.st/stocks/nz/heal...lthcare-shares

15% is owned by JP morgan bank..

There would be a CGT payable in the united states.

[Bjauck]

What percentage of the NZX is owned overseas?

For our largest company (FPH):
https://simplywall.st/stocks/nz/heal...lthcare-shares
15% is owned by JP morgan bank..

There would be a CGT payable in the united states.

In addition, despite the lack of a NZ CGT, so many NZ companies have been bought up by foreign concerns or have shifted their primary listings to Australia. NZ settings have been amiss? The NZ share market has been hollowed out?

[Panda-NZ-]

The australian super funds are massive ($2T). No doubt they have large holdings in NZ firms and pay capital gains tax in australia.

[Panda-NZ-]

Also many companies list on the ASX, and that portion of shares will be australian owned. These likely influence the NZX too.

[bull....]

jobs numbers not to hot to worry about money printing ending just yet

Fed’s Mester lauds jobs report but says it’s not enough to change policy

https://www.cnbc.com/2021/06/04/feds...ge-policy.html

Jobs report shows improvement, but not enough to get Fed talking about tapering

https://www.cnbc.com/2021/06/04/jobs...-tapering.html


mean while in NZ they are not printing enough money as they just cancelled the big road infrastructure build they announced in january 2020 ( another policy fail ) and replacing it with a very expensive walk and bike bridge lol
that help NZ productivity issues

[Panda-NZ-]

G7 tax deal to set the stage for minimum tax rates. Its about time.

https://www.theguardian.com/world/20...e-this-weekend

[Panda-NZ-]

Bank of Japan Governer readies to buy ETFs "boldly".

Kuroda said the bank's basic stance was to buy ETFs in huge amounts when market fluctuations are large, based on its findings that doing so was most effective in maximising the effects. There's absolutely no change to our stance of buying ETFs boldly when necessary. he added.

.https://www.reuters.com/world/asia-p...bs-2021-05-13/

Also the governer slams bitcoin:
https://www.bloomberg.com/news/articles/2021-05-28/bitcoin-slumps-to-35-000-as-kuroda-adds-to-crypto-criticism

[nztx]

G7 tax deal to set the stage for minimum tax rates. Its about time.

https://www.theguardian.com/world/20...e-this-weekend

https://www.theguardian.com/politics...multinationals

The NZ Corporate Tax rate at 28% suggests that NZ Companies are being ripped off & overtaxed on the international standards
suggested of 15% ?

[Panda-NZ-]

All other countries have dividend taxes. only foreigners are being ripped off which is fine with me