Money invested with Kiwi saver is not Government Guaranteed so Kiwi saver providers should be strictly controlled and audited by the Government. The fees charged by providers are excessive and should be reduced as the total funds being managed increase. Any kiwisaver that can arrange to become a default kiwisaver can make a fortune. All […]
New Zealand companies could be set up without proof of identity. This made criminal and illegal activities much easier for local and overseas residents. Unscrupulous people can avoid paying creditors and honouring product warranties given to the public by winding up a company one day and the next day continuing business using a company with
The vast majority of trusts are designed to help people get away with illegal, immoral, or deceptive activities. They are most often used by those wanting to avoid or evade tax and by those wanting to get Government benefits and handouts that they would otherwise not be entitled to. Many wealthy people and their student
The Inland Revenue Department has revealed that two thirds of the 161 people who each have assets worth over $50 million, only declare personal incomes of under $70,000 each year. This means that they do not pay the top tax rate and they pay very little in tax when they should be paying a huge
When Casinos were trying to get consent to start operating in New Zealand they said that they would mainly be used by tourists. The reality is that they are mainly used by local people and they do a huge amount of harm in the community. To try and counter this, casinos donate to community groups,
The hospitality industry and the organisers of events get politicians and councillors to put taxpayers and ratepayers money into ventures which cost a lot and often end up making losses. They arrange with consultants to get reports that contain predictions that the local economy will benefit by many millions of dollars. These predictions are based
HOSPITALITY INDUSTRY Read More »
