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Clearly they just need to tax Peter Thiel's income.
by sulam 10y ago
Clearly they just need to tax Peter Thiel's income.
- cmurf 10y agoWell he bought NZ citizenship so I'm sure the tax laws apply to him as any other citizen.
- Taniwha 10y agoI suspect if you have the money and contacts to buy citizenship, and avoid little things like the residency requirement, then you can probably afford to move all your taxable income to somewhere like Bermuda or the caymans
- lazyasciiart 10y agoLike most of the world, NZ doesn't tax based on citizenship, it taxes based on residency.
- Taniwha 10y agowell exactly, somehow he bought NZ citizenship without meeting the minimum residency requirement provided for by the law ... that's why it's currently an ongoing political scandal in NZ
- lemming 10y agoPolitical scandal? Admittedly I don't consume a lot of media, but a quick search of the Herald shows a couple of articles when they broke the story, and then more or less tumbleweeds. Does anyone actually care apart from us tech geeks?
- lazyasciiart 10y agoI just assumed the poster was an American who didn't actually know other countries don't tax based on citizenship.
- sulam 10y agoActually, it was a joke.
- philliphaydon 10y agoWhich would be nice if we didn't have such easy ways for rich people to dodge tax in NZ with trust funds.
- blunte 10y agoAnd thus, if NZ tax laws are anything like US tax laws, the very wealthy have ways of largely avoiding taxes. Chances are, NZ will spend more on infrastructure benefits for Thiel than they will get in tax revenue from him.