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01-02-2019, 05:43 PM
#2991
Originally Posted by Beagle
IRD's job is to interpret legislation and enforce it.
That's not all they do, their Policy Advice Division (PAD) draft legislation (Bills) which proceed through process to become law. An insight into their extensive work programme would shed light on the topic and whether the risk exists clearly, presently or at all.
I thinks it's good discussion and don't agree that it should be summarily dismissed just because it doesn't fit someone else's narrative. Then again I dont think it's worth dwelling on too much until something emerges that indicates the risk likelihood is increasing.
Last edited by Baa_Baa; 01-02-2019 at 06:19 PM.
Reason: spellung
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01-02-2019, 06:17 PM
#2992
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01-02-2019, 06:33 PM
#2993
Lol a CGT on shares will turn the already struggling NZX into a tumbleweed town.
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01-02-2019, 06:51 PM
#2994
Earlier post could be further summarised as - they sold 52 units more than last year and underlying earnings went up a mere $1m
”When investors are euphoric, they are incapable of recognising euphoria itself “
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01-02-2019, 07:25 PM
#2995
Originally Posted by winner69
Earlier post could be further summarised as - they sold 52 units more than last year and underlying earnings went up a mere $1m
It's a concern when the FA gurus think the numbers are 'obfuscated'. What murdered the profit? Homework for the weekend.
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01-02-2019, 07:35 PM
#2996
Originally Posted by couta1
Lol a CGT on shares will turn the already struggling NZX into a tumbleweed town.
Correct me if I’m wrong . But I already pay tax as a trader . So with a CGT depending on the rate I might be better off .
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01-02-2019, 07:47 PM
#2997
Originally Posted by stoploss
Correct me if I’m wrong . But I already pay tax as a trader . So with a CGT depending on the rate I might be better off .
Trading profit will always be taxed at your marginal tax rate whatever that happens to be, the rate an investor pays on capital gain should be around 15-20% going on overseas rates unless Cullen gets his way and applies the top marginal tax rate of 33% which would be draconian by any measure.
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01-02-2019, 08:01 PM
#2998
Originally Posted by Baa_Baa
It's a concern when the FA gurus think the numbers are 'obfuscated'. What murdered the profit? Homework for the weekend.
Probably something very obvious and simple ....like clear as mud
”When investors are euphoric, they are incapable of recognising euphoria itself “
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02-02-2019, 04:03 AM
#2999
Originally Posted by winner69
Probably something very obvious and simple ....like clear as mud
I will admit to being somewhat baffled by the OCA accounts. I was also baffled by the last FY version and was hoping for a little clarity this time.
Well that did not happen did it!
Somehow the little bits and pieces, a tax adjustment here, a PP&E revaluation (or 2) there, they appear to add up to nothing much at all.
Though to be honest, what most baffles me more is the depth of emotional attachment to this stock being exhibited on this thread.
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03-02-2019, 05:21 PM
#3000
So OCA could be a buck when it goes ex divie
Hard to believe share price down nearly 20% in a few months
Depreciating about as fast as a Holden Calais
”When investors are euphoric, they are incapable of recognising euphoria itself “
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