If National wins ...

[elZorro]

El Z this is true of any one who donates to a registered charity (local causes)....even you. We all get a tax rebate against what otherwise would have been payable taxes when we donate to charity. I think it is a great incentive to see ones philanthropic contributions to go where one would want them spent, rather than down the bottomless pit of the consolidated fund.

Maybe, except if this family should really be paying several million in taxes but instead diverts it through trusts so then they've freed up money for "donations", it's not quite the same, is it? Anyway, an undisclosed amount goes to National or more likely ACT, according to this 2014 interview.

http://www.stuff.co.nz/the-press/chr...ding-an-empire

[craic]

And still the polls show that the left is up the creek without a paddle. All the conspiracy theories in the world don't add up to an argument that the public will buy.

[elZorro]

And still the polls show that the left is up the creek without a paddle. All the conspiracy theories in the world don't add up to an argument that the public will buy.

Craic, this is not a conspiracy theory, it's real life. We just don't think about it that often.

[jonu]

Maybe, except if this family should really be paying several million in taxes but instead diverts it through trusts so then they've freed up money for "donations", it's not quite the same, is it? Anyway, an undisclosed amount goes to National or more likely ACT, according to this 2014 interview.

http://www.stuff.co.nz/the-press/chr...ding-an-empire

NZ registered trusts pay tax too El Z. If they are using one of these "Panama Trusts" you might have something, if not you show little understanding of the tax system.

[elZorro]

NZ registered trusts pay tax too El Z. If they are using one of these "Panama Trusts" you might have something, if not you show little understanding of the tax system.

Well, a clue might be in the name Gibraltar Trust. And that the tax accountants they use, state they have experience in minimising tax using trusts. So does that mean they're likely to be foreign trusts?

[elZorro]

Jane Bowron had an interesting article yesterday.

http://www.stuff.co.nz/dominion-post...red-government

[Daytr]

150,000 people protest Cameron's Torys and yet it hardly gets a mention in global media!
http://www.independent.co.uk/news/uk...-a6987276.html

[elZorro]

I think it is a great incentive to see ones philanthropic contributions to go where one would want them spent, rather than down the bottomless pit of the consolidated fund.

So who is this born-to-rule person who doesn't want to pay for infrastructure, hospitals, schools, just to use them when needed, and be a big-noter by 'donating' some of this shady tax money to causes which are probably aligned with their business interests?

Think carefully about the ramifications of this sentence of yours, Jonu. Actually you just parroted it, but if every wageworker refused to have PAYE deducted because it goes into a "consolidated fund", how long do you think it would be before your perfect world came crashing down?

[iceman]

W69, you were wondering where National's funding comes from. Here's one source, the biggest living funder for the National Party in 2014. The story was on One News tonight, and it has been covered by RNZ earlier in the day.

http://thestandard.org.nz/mccully-th...e-niue-resort/

Again, there is some overlap between altruism and sheer commercial interests I think.

http://australia.etbtravelnews.com/1...-honours-list/

Gibraltar Trust uses a Christchurch accountancy firm, and on their taxation page we see a coded reference:

http://www.allottreeves.co.nz/our_se...vices/taxation

Wouldn't it just be great, if someone who is so generous to local causes would also be paying their normal taxes like the rest of us? Why do I get the feeling that these donations are in lieu of some otherwise payable taxes?

Shoot me down if you like, FP, Iceman etc, I probably deserve it.

You are going completely bonkers EZ. Must be the complete failure of Labour/Little that is driving you mad. I think you need to take a break.
You make it sound like wealthy donors don't pay any tax and choose to direct money that should go to IRD to their chosen charities. If my family Trust donates $100 to a charity, it gets a $28 tax rebate and $72 come from the Trust's tax paid money.

Time to stop with all the conspiracy theories, noone is listening. Come up with some decent policies and someone may start listening to Labour, if its not too late.

[fungus pudding]

So who is this born-to-rule person who doesn't want to pay for infrastructure, hospitals, schools, just to use them when needed, and be a big-noter by 'donating' some of this shady tax money to causes which are probably aligned with their business interests?

Think carefully about the ramifications of this sentence of yours, Jonu. Actually you just parroted it, but if every wageworker refused to have PAYE deducted because it goes into a "consolidated fund", how long do you think it would be before your perfect world came crashing down?

You clearly have absolutely no understanding of trust law, how charitable donations affect tax, what trusts are for etc. Your paranoia clouds your view about Key. You have no idea what he pays in tax although that doesn't stop you from claiming he's fiddling it as you did in post 10111. To claim property is somehow not 'a decent investment' is plain ignorance. (10111)
And in the same post your claim that someone earning around $45,000 pays 70% tax shows you have no idea how tax is applied. The tax on 45000 is actually 15%. The highest rate of 33% kicks in at 70,000. The total tax on 100,000 is 23%.
You really should learn a thing or two before you start throwing around preposterous allegations that seem to be aimed at anyone who has achieved a level of wealth.