While NZ’s lack of capital gains tax should make it enticing, the terrible overseas investment policies/taxes make it less appealing to multi-national companies

While NZ’s lack of capital gains tax should make it enticing, the terrible overseas investment policies/taxes make it less appealing to multi-national companies and investors. To those outside NZ: owning shares in non-NZ companies typically means a 5% yearly wealth tax if the shares don’t pay dividends (Ie most tech companies that are share price growth driven). See https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-income/foreign-investment-funds-fifs/foreign-investment-funds-deemed-rates https://www.ird.govt.nz/income-tax/income-tax-for-businesses...