the podcast on
The Revenue Minister's confident changes to the Foreign Investment Fund will greatly benefit tech and startup companies.
The Government's working on changes which would see new migrants taxed on a realisation basis for interests not easily disposable and acquired before coming to New Zealand.
It applies to migrants who became tax residents here on or after April last year.
Simon Watts told Mike Hosking this has been on the radar since he assumed the portfolio.
He says the system hits migrants —particularly returning Kiwis and those who are wealthy unfairly— and they've been getting good feedback on the changes.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
