overseas investment

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Fortress NZ

Written By: - Date published: 11:25 am, September 16th, 2016 - 120 comments

TS regular Tony Veitch has some practical ideas as to how we insulate NZ from the ravages of neoliberalism and climate change. Readers may agree with some, none or all of the suggestions. However, whichever way you look at it, the time for hand wringing is over. It’s time for action.

Foreign buyers estimated at 29%

Written By: - Date published: 7:03 am, August 25th, 2016 - 75 comments

Most of the media has reported the Government’s “3%” spin on the extent of residential property purchases in NZ going to foreign buyers pretty uncritically. There have been honourable exceptions, and yesterday property editor Anne Gibson in The Herald joined them.

The great slowdown

Written By: - Date published: 8:00 am, August 11th, 2016 - 68 comments

Eight years after the Global Financial Crisis the major western economies are stagnant.  Is this the new norm?

Stopping the sale of agricultural land and agri-business

Written By: - Date published: 7:30 am, July 29th, 2016 - 26 comments

Australia’s national interest test applied to attempts by foreign interests to buy Australian agriland and agribusinesses is deliberately vague. New Zealand could take lessons.

National’s Rodeo.

Written By: - Date published: 12:21 pm, July 15th, 2016 - 23 comments

The fiction that National is doing a competent job of managing the economy is entirely due, now that the boom from Dairy and Christchurch rebuilding is ending, to immigration and rising house prices.

They are now riding a bolting horse that they cannot dismount, caused by their own inaction.

Make the TPP a Conscience Vote

Written By: - Date published: 6:29 pm, May 15th, 2016 - 84 comments

Last week, Andrew Little gave Phil Goff permission to vote with National for the TPP. Bryan Bruce asks if it is time for all MPs to be given a conscience vote on the TPP.

Laundering earnings vs laundering money

Written By: - Date published: 4:49 pm, May 13th, 2016 - 35 comments

When a corporation launders its earnings in a tax haven, it is completely upfront about where the money came from and who it belongs to, which differentiates the activity from “money laundering.”

NZ exporting poverty

Written By: - Date published: 8:23 am, May 9th, 2016 - 14 comments

By enabling tax evasion for the rich in other (notably South American) countries NZ is exporting poverty. It’s all perfectly legal. And that’s exactly the problem.

The unfortunate case of the Overseas Investment Office handling of the purchase of a Taranaki Farm

Written By: - Date published: 8:15 am, May 4th, 2016 - 39 comments

They say in politics that a news story is good for the opposition/bad for the Government if it hits the media cycle two days in a row.  If it appears for a third or a fourth day then it is a crisis and urgent action is required.  Louise Upston’s handling of the OIO is clearly a crisis.

Global elite plan their escape from “pleb masses”

Written By: - Date published: 11:03 am, March 29th, 2016 - 35 comments

So, Key has now come out and revealed to us how afraid the global oligarch class (and their well paid professional enablers) are. They appear to have no plans to reverse their activites to make things better for us.

Key wants to turn New Zealand into a haven for the 1%

Written By: - Date published: 7:30 am, March 29th, 2016 - 91 comments

Fran O’Sullivan has spilt the beans.  John Key thinks that overseas terrorism and by implication climate change are good for the New Zealand economy and that the country should not do anything about overseas corporates paying low tax rates because investment will occur.  And he wants New Zealand to become a haven for people overseas fleeing from terrorism and climate change.  But only if they are wealthy.

Guest Post: Government’s multi billion dollar lies

Written By: - Date published: 7:44 am, March 20th, 2016 - 39 comments

Amakiwi analyses why foreign corporations are hurting New Zealand’s economy and questions why they should be allowed the estimate their profitability.

Safe As Milk

Written By: - Date published: 1:44 pm, March 14th, 2016 - 110 comments

Labour is calling for an urgent summit of the dairy industry players to avoid the looming bankruptcy of one in ten farmers. National’s response? Crisis, what crisis?

the Global Death Economy

Written By: - Date published: 10:15 am, February 25th, 2016 - 141 comments

A new edition of “Confessions of an Economic Hitman” has been released. It makes it clear that we are in the grip of a global “Death Economy” and a collective embrace of ‘Thanatos’, the death instinct.

The great big list of John Key’s big fat lies (UPDATED)

Written By: - Date published: 7:00 am, January 27th, 2016 - 76 comments

How many more lies will John Key tell today in his so-called State of the Nation address? Virtual chocolate fish to whomever guesses the closest number.

Royal Bank of Scotland to investors: “Sell everything”

Written By: - Date published: 10:48 am, January 13th, 2016 - 154 comments

The Bank of Scotland has advised advised its clients to brace for a “cataclysmic year” and a global deflationary crisis.

Bottom lines weaker than tissue paper

Written By: - Date published: 8:02 pm, October 13th, 2015 - 285 comments

Today, Labour showed the commercial world that its non-negotiable “bottom lines” are actually very negotiable, and even disposable.

TPP roundup

Written By: - Date published: 6:34 am, October 7th, 2015 - 161 comments

A roundup of the best analysis of and reaction to the TPP. The gains are minor and delayed, the losses are real. In NZ we don’t have any democratic input into ratification, but the US does, and the deal may fall there.

An Open Letter to the Real Estate Whistleblower

Written By: - Date published: 10:00 am, July 16th, 2015 - 375 comments

We don’t know who the real estate whistleblower is, but we do know they have done New Zealand a significant service. Courage takes many forms, but risking your career to alert your country to a hidden crisis should be recognised for the bravery it is. Thank you, you’ve done us proud.

Phil Quin resigns from Labour

Written By: - Date published: 12:37 pm, July 14th, 2015 - 390 comments

Phil Quin: “I cannot, however, belong to an organisation that considers racial profiling fair sport. It really is that simple. I will rejoin once this or any future leader publicly repudiates such tactics.”

Twyford Responds

Written By: - Date published: 12:00 pm, July 13th, 2015 - 324 comments

Labour’s Housing Spokesperson Phil Twyford responds to accusations of racism and points to the way forward. The Labour Party will limit foreign speculation, build affordable houses and replenish the State Housing stock.

China Crisis

Written By: - Date published: 12:43 pm, July 12th, 2015 - 199 comments

Good on Labour for saying what needed to be said. Can they, the Greens and NZ First save the next generation of Kiwis from being tenants in our own land?

Includes Bonus Seinfeld reference!

Auckland property buyers

Written By: - Date published: 9:57 am, July 11th, 2015 - 436 comments

The big story this morning is Labour’s analysis of Auckland property purchase data.

Sheepgate

Written By: - Date published: 8:54 am, May 28th, 2015 - 102 comments

It has emerged that the New Zealand Government has paid money to a Saudi businessman allegedly to settle a legal dispute that does not exist but more probably to persuade the Saudi Government to enter into a free trade agreement.  Update – and maybe there was a threat of legal action but because of the actions of National, not Labour.

Discussion starter for the day…

Written By: - Date published: 7:49 pm, March 10th, 2015 - 116 comments

I’d love to share these two posts with you and pick your brains on what you think!

NZ Banks are very worried…

Written By: - Date published: 5:59 am, February 25th, 2015 - 76 comments

New Zealand banks (which are really Australian banks) are REALLY worried for us (oh, and for themselves).

Democracy, Money and Power

Written By: - Date published: 9:18 am, November 27th, 2014 - 6 comments

The stage was long ago reached where members of the US Government were told they should “wear their sponsors logo’s on their shirts”.

NRT: Why foreigners are buying up New Zealand

Written By: - Date published: 8:20 am, August 22nd, 2014 - 5 comments

“Why would an overseas buyer pay more for an asset than a New Zealander? … But Chalkie reckons one reason stands out – tax. There are huge tax advantages available to overseas investors that simply cannot be accessed by locals.”

The Lochinver station

Written By: - Date published: 7:51 am, August 9th, 2014 - 132 comments

Just over six weeks to go until the next election and we have our first major campaign issue. Not what some young people said about John Key but foreign ownership of our land.

Hang onto our land – it’s all we’ve got left

Written By: - Date published: 8:22 pm, August 2nd, 2014 - 77 comments

Steven Joyce says Labour’s opposition to the sale of 13,800ha Lochinver station to Shanghai Pengxin is based on “xenophobia.” It’s not, its basic economic sense. The benefit from our land should stay here. And Joyce’s open door has seen rail wagons bought cheap and fixed dear by Chinese workers at the expense of good local jobs and crucial Kiwi skills. Labour is simply standing up for New Zealand. It’s the right thing to do.

The Good and the Bad: NZ screen industry

Written By: - Date published: 12:45 pm, December 16th, 2013 - 77 comments

The NZ government changes to NZ’s screen industry incentives is a mixed bag. Some (not fully developed) support for a sustainable NZ industry. Selling out NZ workers; bowing to Hollywood corporate, neo-colonial values.

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