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09-05-2021, 10:19 PM
#991
Originally Posted by fungus pudding
I'm certainly no tax expert, but I think many countries require you to declare your world wide assets and income for tax purposes. But tax paid to one govt. usually attracts a credit from your country of residence.
It's a tricky area which sometimes requires a tax specialist and not just a book-keeper. Are you sure the reason he stays in Canada rather then NZ is not because he prefers living in Canada? They're generally not a bad mob over there.
ONLY if you're a 'tax resident' of that country, that you have to declare your worldwide income & assets. The easily way to become a tax resident in a country (either Canada or NZ) is to simply stay for more than 6 months in a total 1 year time frame. So despite my father being a NZ citizen (as how my dad's sister's husband queried me), I explained the issue is for tax reasons for his swift departure back to NZ. (as he normally visits NZ every year but went back prior the March border lock downs of 2020).
Several years ago we had full plans for my father's return back to NZ to continue his retirement (to be closer to his family and siblings). I had an empty lot and building plans to cater for his stay. All that changed when NZ brought in FIF and more recently, the CRS, extremely inconvenient AML rules, even issues like depositing cash payment to someone's bank account at a branch is no longer allowed (have to deposit cash in your account 1st, then do your online bank transfer via direct credit). It seemed all too much of a loss in financial freedom by living in NZ.
I have a close friend that is with a Kiwi girl in Vancouver. I asked if she would ever move back to NZ and it was very clear she wouldn't. The reasons were not like how others mentioned 'for better weather' as Canada is rather extreme. The reasons were all more to do with financial matters after they consult with their accountant. Likewise with the many expat Kiwis my dad became friends with in Canada (they all moved to Canada as school teachers in the 70s). All of them have built up decent size pension portfolios and when they ask their financial advisors, they soon learn they would be taking a significant tax hit by moving to NZ. 1) deemed disposition would apply when you go non-resident in Canada. 2) though upon arrival in NZ you apply for the 4 year tax exempt status, issues like FIF kicks in. 3) not every migrant enjoys liquidating their pension funds and convert them into a NZ based pension fund.
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10-05-2021, 07:02 AM
#992
Originally Posted by Balance
Name 3 from that era.
I am not sure when FP's era when NZ was "awful" ended - if at all. I depended on my parents for any visit to a good restaurant meal in the 80's! Da Gino was a great restaurant in the K road area. Several whose names I cannot recall in the Parnell area. Parents and their "moaning Brit immigrant" friends used to get The Metro and go to restaurants reviewed in the magazine. "Moaning Brit immigrant" friends used to be full of praise - however they were from the "Black Country Midlands" of England!
Last edited by Bjauck; 10-05-2021 at 07:04 AM.
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10-05-2021, 09:03 AM
#993
Originally Posted by Bjauck
I am not sure when FP's era when NZ was "awful" ended - if at all. I depended on my parents for any visit to a good restaurant meal in the 80's! Da Gino was a great restaurant in the K road area. Several whose names I cannot recall in the Parnell area. Parents and their "moaning Brit immigrant" friends used to get The Metro and go to restaurants reviewed in the magazine. "Moaning Brit immigrant" friends used to be full of praise - however they were from the "Black Country Midlands" of England!
The awful period ended when Muldoon lost the election - so 1984. That's when Labour dragged NZ into the twentieth century. Credit for that belongs to Douglas who achieved so much, in spite of his mediocre
leader, Big Norm.
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10-05-2021, 09:10 AM
#994
Originally Posted by fungus pudding
The awful period ended when Muldoon lost the election - so 1984. That's when Labour dragged NZ into the twentieth century. Credit for that belongs to Douglas who achieved so much, in spite of his mediocre
leader, Big Norm.
You mean Big Dave!
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10-05-2021, 10:03 AM
#995
Originally Posted by jonu
You mean Big Dave!
Yes, of course. Apologies - brain malfunction.
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10-05-2021, 10:35 AM
#996
Originally Posted by fungus pudding
The awful period ended when Muldoon lost the election - so 1984. That's when Labour dragged NZ into the twentieth century. Credit for that belongs to Douglas who achieved so much, in spite of his mediocre
leader, Big Norm.
For many people Labour's Douglas dragged NZ back to the Victorian era of the C19th. There was lots of fine dining then, for some, and some of it was butler serviced!
So yep for those in (for example) cramped South Auckland struggling to pay their landlord's rent, it is great having exchange control free travel and a plethora of fancy restaurants in which they can toil to serve the wealthy.
Last edited by Bjauck; 10-05-2021 at 10:44 AM.
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10-05-2021, 10:39 AM
#997
Originally Posted by Bjauck
For many people Labour's Douglas dragged NZ back to the Victorian era of the C19th. There was lots of fine dining then, for some, and some of it was butler serviced!
Yup - many people like you.
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10-05-2021, 10:41 AM
#998
https://www.nzherald.co.nz/lifestyle...WPN6SHLP7ITVA/
Cindy doing her striptease to milk everything she can from her wedding.
Disgusting woman.
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10-05-2021, 11:44 AM
#999
Originally Posted by Balance
Yup - many people like you.
I will look for my tar and feathers
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10-05-2021, 12:26 PM
#1000
Originally Posted by Balance
???
She was asked on the AM Show and she answered.
She was asked on Coast Radio and she answered.
So she shouldn't have answered the question? That would be seen as milking it.
I doubt she would win any which way on this with you.
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