web analytics

Laundering earnings vs laundering money

Written By: - Date published: 4:49 pm, May 13th, 2016 - 35 comments
Categories: capitalism, class war, colonialism, Economy, International, kiwisaver, loan sharks, Mining, overseas investment, tax - Tags: , , ,

Prof Michael Hudson, economist, 1/8th Chippewa indian, whose father was a Trotsky stalwart, recently appeared on RT’s Keiser Report.

Hudson was promoting his new book “Killing the Host,” on how financial parasites and debt bondage is destroying the civilised world.

The following is my interpretation of a few things that Hudson said to Max Keiser during episode 910 of the Keiser Report:

Keiser Report Hudson

Hudson worked for Chase Manhattan Bank (these days part of JP Morgan) in the late 1960s and helped do work for the US government in developing the financial rationale for tax havens.

The US Government of the day was facing a severe balance of payments crisis, partly due to needing to pay for the Vietnam War. Michael Hudson, as an employee of Chase Manhattan Bank, was asked how much money the US could get flowing in from cash rich international criminal enterprises, in order to fix this balance of payments hole.

I presume this meant everything from gunrunners to drug cartels to prostitution and human trafficking.

The US also eliminated the witholding tax on US Treasuries to further incentivise cashed up criminal enterprises to invest in (i.e. lend to) the US government. Essentially, the US wanted to replace Switzerland as the place where criminal enterprises stashed their large cash takings.

Also while at Chase Manhattan, one of the clients Hudson serviced was Standard Oil. A Standard Oil executive carefully explained to a young Hudson how from his New York Standard Oil office, the executive could decide with a stroke of a pen where exactly in the world Standard Oil would make its profits for the coming year and where it would make its losses, in order to get the best tax result for the shareholders.

This is where Panama becomes relevant. Central_America_Map

Michael Hudson says that in some ways, Panama cannot be considered a real country – it does not have its own currency (it uses the USD) and it does not have its own income tax system.

Panama was originally used by the oil industry and mining industry in the 1920s to set up their system of “flags of convenience.” In other words, Panama was set up as the location where these huge companies decided to attribute their worldwide profits to, via their “shipping affiliates” and other associated companies.

In this complex system, various oil corporations’ massive capital investment in deep sea drilling rigs and gigantic oil refineries are all financially designed to provide the parent corporations with zero return on investment. Hudson says that the gargantuan and very expensive infrastructure end up run as charities which sOil_rig_2336975bubsidise the very profitable operation of the international (i.e. tax haven based) shipping and sales affiliates of the parent corporation.

Another great aspect of Panama to these corporations it is no more than an extension of the the US financial system. Back in 1967, for reasons already discussed, the US government convinced major US banks to open branches there. This meant that a US corporate could deposit money into a Panamanian branch of a big US bank, pay whatever taxes Panama required on those monies (none), and then access the funds straight away via a New York City branch of the same bank.

I would not be surprised if physical money and checks could be deposited into the New York premises of such a bank. The bank teller would simply credit the deposit to an account ostensibly held by the Panamanian branch of the bank. Which might potentially be nothing more than an office cubicle in Panama City with a name plaque, desk and fax machine inside.chase

The money would never actually leave the US, although it would appear as a current account flow.

Hudson says that many other industries have now adopted the efficient tax operations pioneered by the oil and mining industries.

To be clear, the activity carried out is that of laundering earnings, not of laundering money. Hudson differentiates between the two. In laundering money, the true owners of the money attempt to conceal how the money was obtained, where the money came from, and who it belongs to. A system which Hudson refers to as a “Veil of Tiers” (i.e. a complex hierarchy of shell organisations) is used to obscure these details.

In contrast, when laundering earnings, corporations like Apple are completely upfront about where the money came from, who it belongs to, who the directors of the company are and who the shareholders are.

The aim therefore is not to obscure any of those details, the aim is simply to minimise the tax those monies are subject to by making it look like the profits are legitimately made in Panama. (Or in Ireland, as is the case with Apple, Microsoft, Pfizer and Google).

In my view, and in this context, the fact that Key turned NZ into an international tax haven is partially irrelevant. In contrast, why he did it is everything.

 

 

 

35 comments on “Laundering earnings vs laundering money ”

  1. Paul 1

    Thank.
    Most interesting.

    • Chooky 1.1

      +100…the crux is …”the fact that Key turned NZ into an international tax haven …WHY he did it is everything”.

      WHY… is the tip of the iceberg imo..it is a signpost as to what he is doing elsewhere unseen and what his values are…the fact that he has the lawyer he does is also a sign post ( does he have similar tax avoiding trusts overseas?…questions need to be asked in Parliament)

      …he is probably the worst and most corrupt PM New Zealand has ever had

      …PMs and MPs should be totally transparent about what they do with their money, how they get it , and tax…their position is one of responsibility to a nation and to New Zealanders….they should not be rorting New Zealanders

      National Party members should also be asking questions and examining who and what they are voting for

    • Here’s a few interesting explanations :

      ‘How does a country benefit from from the rich storing their money there? ‘…

      You put the money into a bank in that tax haven.
      Banks, when they look after your money, don’t just leave it sitting in the safe doing nothing. They invest it! They might do this by lending it to other customers (for a fee), or by investing in the stock market or the currency exchange market. But that money is busy earring the bank money.
      (I don’t know the rules in Singapore, but in some tax havens – the Cayman Islands, for example, tax is very low for money earned offshore. But money earned in the tax haven is taxed, albeit not at a massive rate – but the money the bank makes probably will be taxed.

      Also to add that tax-haven states normally have some sort of sovereign-ties to a nice stable G8 country, often as a legacy of their colonial relationship. The Cayman Islands is a territory of the UK for example, and therefore has nice easy access to a large international-trading hub in the form of The City of London.
      This in turn explains why countries are often reluctant to close tax-loopholes or deal with tax avoidance in their off-shore territories; they bring in significant amounts of money to their parent countries in the form of investments which raises money for the parent country as well as keeping their booming financial services industries busy and employing a LOT of people.
      ………………………………………………………………………………………………………………………………..

      The internet is a wonderful thing, is it not?

      ………………………………………………………………………………………………………………………………..

      And so…we have a PM who rubbed shoulders with the elites in Merril Lynch and has shares in the Bank of America… the same bank that was done for corruption a while back ie: money laundering. And who also promised the Key led govt 2.5 billion dollars if there was a zero rate of taxation for foreign trusts in NZ …

      The Key govt who also could afford tax cuts for the rich ( settlors/beneficiaries? ) but has systematically dismantled our publicly funded welfare and health , prison and education etc by saying ‘ we cannot afford it ‘…

      So Voila !!!

      The problem to all our ills is to suddenly privatize the last vestiges of our welfare state ie : state housing as an example…

      Kind of obvious even to a child whats really going on now, isn’t it…

      Just watch them play Monopoly and you will see what I mean.

  2. Keith 2

    Its a a rich mans piss take, literally use a independant country to benefit themselves. What these mega wealthy corporations need is a safe bolt hole to launder earnings through, a platter of options in case one of those countries elects an ethical government. And they need someone to ensure that happens, someone so morally bankrupt and focused on self enrichment, someone unique and electable.

    In walks John Key, acting for the big corporations he once worked with full time and part time ever since and through his ability as the PM he has set up NZ as a safe place for them to legally launder their money. Those close to the action will be rewarded handsomely and Key delivers and one assumes is also soundly rewarded. We the citizens get nothing out of it and this is the illogical part of all this shit unless you accept that he’s only PM to use the NZ government as a vehicle to assist his business connections

    If you use that logic to assess why National do what they do everything becomes a whole lot easier to understand!

    • Colonial Viper 2.1

      We have the appearance of an independent country, most days, is what I’ll say.

  3. Paul Campbell 3

    Yes well explained … So for example when a company like Compass sends “fees” and the like to it’s parent corporation it counts them as costs against their income reducing their tax bill in nz. Apple sends theirs to Ireland because corporate taxes there are far lower there than in NZ or the US.

    • dukeofurl 3.1

      One of the longstanding ways is ‘loans’ from shelf companies in tax havens, but with ridiculous interest rates.

  4. Pat 4

    the whole drive of this administration has been to take the soft option to entice investment to prop up our economy…..instead of making the changes necessary that would likely resulted in national being a one term wonder they have used immigration and dodgy investment sources that have overvalued our currency and provided the credit to fuel a property bubble.

    It will not end well

  5. Graeme 5

    Why has he done it, I think you hit the nail on the head in your comment on the other post CV

    Colonial Viper 7.1.1
    13 May 2016 at 2:32 pm
    Pretty much. I wonder how painful our current account would look without these foreign hot money inflows.

    Is there any way to quantify how much is coming in and the effect it’s having? If it was keeping interest rates down by 2-3% (because the banks are getting cheap money) the effect could be profound. I presume the inflow would be holding the dollar up as well, but that has been blamed on dairy expansion over the last 5 years, but maybe not the case with the trust industry?

  6. Gristle 6

    Since the currency was floated, the volume of NZ Dollars being traded seemed to be way too high given the size of the NZ economy. Is this linked to laundered earnings and or money laundering?

    • dukeofurl 6.1

      The volume of currency traded, thats is real dollars, is only that which is needed for foreign currency exchange.
      What they do trade in vast quantities is a piece of paper that is a futures contract, it may be sold 50 x a day until the day it becomes due.

      • Colonial Viper 6.1.1

        The volume of currency traded, thats is real dollars, is only that which is needed for foreign currency exchange.

        That’s a misleading statement.

        The Reserve Bank publishes statistics of actual NZD volumes traded on the FX markets. The volume traded annually far exceeds the entire GDP of NZ.

        The NZD is the 11th most traded currency in the world.

        NZ ranks no. 55 in the world by GDP. Australia is no. 13.

        http://www.interest.co.nz/charts/exchange-rates/foreign-exchange-trading-volumes

        • Gristle 6.1.1.1

          So my question is why is the trading level disproportionately high?

          Years ago I was advised by a rather wealthy individual not to invest in anything but the biggest companies listed on the NZ bourse. This was on the basis that he and his ilk regularly would coordinate and drive the stock prices of smaller companies this way and that: to their advantage of course.

          Is the NZD treated the same by larger players with currency?

          • Draco T Bastard 6.1.1.1.1

            I’ll just point you to my answer the other day: Carry Trade

            • Gristle 6.1.1.1.1.1

              I understand the concept of carry trades but I don’t understand the volume. Arbitrage and carry trade typically refer to short duration aberrations that are extinguished as the market gains awareness. The volume of NZ trading has been sustained for many years. I don’t believe carry trade activity explains long duration situations. Are there structural issues inherent to NZ which encourage the development of arbitrage and carry trade?

        • dukeofurl 6.1.1.2

          That just tells the total trading value, which is public knowlege, what it doesnt say is how the trading occurs.

          Just think about, say one trade for a minute, the value of the kiwi dollar in a weeks time, and how you would do that. And do that at the lowest cost, which means using only a little of your own money, thats what future trading contracts are all about, a piece of paper which says you will buy/sell that amount of $kiwi at a set point.
          means they dont need real money to play with.

          Same goes with poker machine turnover, is in the billions, but the real money in and out is far less.

  7. Joy FL 7

    This piece is much appreciated. Has any party leaders’ office head hunted you? You should be their top special advisor.

    • save nz 7.1

      Yep, time the Labour party held out an olive branch to CV (vice versa). Labour needs to keep all it’s supporters on side and voting for them, even if there is a difference of opinion on policy.

      In my view Labour are on the up. The first step for Labour has been to acknowledge that they went too far in the 1980’s (Grant Robertson apologised in one of the Waatea episodes), the 2nd is to get rid of TPPA (which they have voted against), and get rid of the MP’s that are refusing to back down from Rogernomics agenda (Phil Goff) etc, acknowledge lazy immigration is being used as a tool by the government to hide their appalling record on the economy, but is increasing the housing, social welfare and transport crisis for Kiwis, be much more on top of corruption which seems to have turned into a malignant cancer in this country. Then heal the rifts for their members and supporters.

      • Chooky 7.1.1

        +100 save nz….and they are certainly on the way up with David Cunliffe taking a more prominent role…he is very impressive

        never-the-less it is important that people like CV keep critiqueing Labour

        • Gristle 7.1.1.1

          David is playing in his little square of the playground that he has been given. He is making a silk purse from a sows ear. It’s a pity that his area has been made so small and that there are danger cones around him warning others in the sandpit from playing with him.

      • Colonial Viper 7.1.2

        Unfortunately Labour isn’t interested in people realising what the truth of these matters are.

        If they did, it would become obvious that what needs to be done about is more than a little tweak here and a little tweak there, and pretending that the status quo is sustainable.

        The TPP is nothing but a gift to corporates and a depowering of sovereigns, led by a US Gov which has facilitated corporate power over small states for a hundred years now.

        You wouldn’t want to risk scaring the horses or not looking like a credible “government in waiting” now would you.

        • save nz 7.1.2.1

          @CV – I really feel Labour have turned a corner from even a few months ago. Clearly it is not easy when their own MP’s are so divided into two camps. Maybe it is time for their ex voter critics to give them a break (but still say what policy you think they should be aiming for) rather than saying they will never change. The UBI was an example of looking at the future and getting new ideas – even if you do not agree with the details Labour are engaged with change and new ideas and more importantly not committed to selling our country to cronies.

          • Colonial Viper 7.1.2.1.1

            I think optimism is a marvellous trait for youth to have. For veterans of the wars, less so.

            Btw Labour have shown no signs of banning foreign property purchases in Queenstown, Wanaka, or Auckland.

  8. Panama, originally a province of Colombia was literally stolen by bullying Columbia into giving it tot the US by Teddy Roosevelt in order to 1/ dig a canal 2/Be set up as a legal free zone for Mining and oil companies and 3/ a tax haven by JP Morgan and the same thugs that set up the Federal Reserve bank system in 1903.

    The same year by the way the self same JP Morgan and his banking mates set up the Bankers trust bank which served to provide trust services to customers of state and national banks throughout the country. It also served as a de facto Reserve bank.

    In fact when the Bankers cartel finally got their US Federal Reserve bank system in place the then President Benjamin Strong Jr. became the first governor of the New York Federal Reserve.

    It was the same Bankers Trust bank which pioneered the New financial products now collapsing the system and the first time they used them to attack an an entire country’s currency was when Andrew Krieger and John Key attacked the NZ $ in 1987.

    John Key has been at this a long time and he knows exactly what he is doing!

    • save nz 8.1

      And job losses are humorous to him…. from Wiki about John Key

      “Some co-workers called him “the smiling assassin” for maintaining his usual cheerfulness while sacking dozens (some say hundreds) of staff after heavy losses from the 1998 Russian financial crisis.”

    • Colonial Viper 8.2

      Thanks for the background, travellerev.

    • dukeofurl 8.3

      When the US does it- forces a country to lose a province, its good. When Russia does it to Ukraine, its bad.
      When Turkey invades a former province but which is now an independent country, like Cyprus, its good, But when Russia is involved with a former province like that is bad.
      When Saudi Arabia is involved with and openly uses its airpower in a neighbors civil war, its ok. They dont get sanctions from West but get intell help and get to fill up stocks of weapons.

      • travellerev 8.3.1

        The Russians didn’t force anything. The people of Crimea voted almost unanimously, including the Tartars, to return to Russia and Russia was happy to accommodate. In East Ukraine the Russian people are being slaughtered on a daily base and Russia has so far resisted any intervention apart from Humanitarian food missions.

        • Colonial Viper 8.3.1.1

          Russia is very aware that it is walking a tight rope at the moment. Especially with NATO aka USA building up military forces right on its borders.

          The last time someone did this to Russia was 1941.

          PS do you read The Vineyard of the Saker?

  9. This sounds like such a huge conspiracy theory. Every government has its own agenda when it comes to finance and money. As long as nobody finds out about it or the end result benefits the greater good and all that… I personally just shake my head and pray that we’re not digging ourselves a bigger hole for letting the little problems slide like this.

Recent Comments

Recent Posts

  • Welcome for Afghan human rights defenders, Government House Auckland
    As-salamu alaykum, Tena tatou katoa, Thank you all for being here today. To the Afghan human rights defenders and your family members, welcome to Aotearoa. And thank you Your Excellency for hosting us all here at Government House. We have with us today from Afghanistan, human rights advocates, journalists, judges, ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Speech on tax changes for Build-to-Rent sector
    It’s my great pleasure to be able to speak with you about a really positive move for the Build-to-Rent sector. As you know, we announced changes last year to help steer property investors way from the existing pool of housing and toward solving New Zealand’s grave housing shortage - by ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Tax incentives to boost long-term rental supply
    ·      Tax changes aimed at growing quality, secure rental supply ·      New and existing build-to-rent developments exempt from interest limitation rules in perpetuity, when offering ten-year  tenancies ·      Exemption to apply from 1 October 2021. The Government is encouraging more long-term rental options by giving developers tax incentives for as ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Govt marks 350th tower in push for improved rural connectivity
    The Government has marked another milestone in its push for better rural connectivity, welcoming the delivery of Rural Connectivity Group’s (RCG) 350th tower. Waikato’s Te Ākau, which sits roughly 50 kilometres out of Hamilton is home to the new tower. “The COVID 19 pandemic has highlighted the ever-increasing importance of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Joint Press Release: Trans-Tasman agriculture ministers discuss biosecurity co-operation
    Biosecurity co-operation topped the agenda when Australia and New Zealand’s agriculture ministers met yesterday. Australia’s Minister for Agriculture, Fisheries and Forestry Senator Murray Watt met with his New Zealand counterpart, Damien O’Connor, Minister of Agriculture, Biosecurity, and Rural Communities in a conference call, which had particular focus on foot and ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Remote monitoring could give patients better care at home
    People could spend less time in hospital, thanks to a smart new remote device that lets patients be monitored at home, Health Minister Andrew Little says. “Technology has the potential to really change the way we do things – to do things that are  better for patients and at the ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government supporting kids’ learning success
    Concrete steps to clarify inclusive, evidence-informed teaching practices Strengthen capability supports along the professional pathway  Enhance partnerships between the education system and whānau, iwi, communities Embed equitable additional learning supports and assessment tools that help teachers effectively notice and respond to the needs of students Improved student achievement is a ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Supporting prevention, preparedness and response to global pandemics
    Aotearoa New Zealand has committed to strengthen global prevention, preparedness and responses to future pandemics with seed funding for a new World Bank initiative, Foreign Affairs Minister Nanaia Mahuta announced today. “We cannot afford to wait until the next pandemic. We must all play our part to support developing countries ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Overseas investors converting farms to forests must show benefit to New Zealand
    A law change to ensure that forestry conversions by overseas investors benefit New Zealand has passed its final reading in Parliament. Previously, overseas investors wishing to convert land, such as farm land, into forestry only needed to meet the “special forestry test”. This is a streamlined test, designed to encourage ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • International visitors boosting economic recovery
    International tourism recovery well underway with higher level of overseas visitor arrivals than previously expected UK and US card spend already back at pre-COVID levels Visitors staying in New Zealand longer and spending more compared to 2019 Govt support throughout pandemic helped tourism sector prepare for return of international ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Ministry’s inaugural Strategy paves way for ethnic communities
    The Ministry for Ethnic Communities has released its first strategy, setting out the actions it will take over the next few years to achieve better wellbeing outcomes for ethnic communities Minister for Diversity, Inclusion and Ethnic Communities Priyanca Radhakrishnan announced today. “The Strategy that has been released today sets out ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • World class aquatic centre opened in Hawke’s Bay
    The Prime Minister has officially opened the Hawke’s Bay Regional Aquatic Centre today saying it is a huge asset to the region and to the country. “This is a world class facility which will be able to host national and international events including the world championships. With a 10-lane Olympic ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Tulī Takes Flight winners take to the wing
    The Associate Minister of Education, Aupito William Sio, has today announced the recipients of the Tulī Takes Flight scholarships which were a key part of last year’s Dawn Raids apology. The scholarships are a part of the goodwill gesture of reconciliation to mark the apology by the New Zealand Government ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt supports free period products in over 2000 schools within one year
    96% of estimated menstruating students receive free period products 2085 schools involved 1200 dispensers installed Supports cost of living, combats child poverty, helps increase attendance Associate Minister of Education Jan Tinetti today hailed the free period products in schools, Ikura | Manaakitia te whare tangata, a huge success, acknowledging ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Govt boosts tourism transformation to strengthen workforce and improve outcomes
    The Tourism Industry Transformation Plan outlines key actions to improve the sector This includes a Tourism and Hospitality Accord to set employment standards Developing cultural competency within the workforce Improving the education and training system for tourism Equipping business owners and operators with better tools and enabling better work ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • NZ earns another major digital investment
    Minister for the Digital Economy and Communications Dr David Clark welcomes Google Cloud’s decision to make New Zealand a cloud region. “This is another major vote of confidence for New Zealand’s growing digital sector, and our economic recovery from COVID 19,” David Clark said. “Becoming a cloud region will mean ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Changes to NCEA & University Entrance in response to COVID-19 disruptions
    A package of changes to NCEA and University Entrance announced today recognise the impact COVID-19 has had on senior secondary students’ assessment towards NCEA in 2022, says Associate Minister of Education Jan Tinetti. “We have heard from schools how significant absences of students and teachers, as a result of COVID-19, ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • 60th Anniversary of the Treaty of Friendship between Aotearoa New Zealand and Samoa- “Lifelong Fri...
    Te Reo Māori tauparapara… Tapatapa tū ki te Rangi! Ki te Whei-ao! Ki te Ao-mārama Tihei mauri ora! Stand at the edge of the universe! of the spiritual world! of the physical world! It is the breath of creation Formal acknowledgments… [Your Highness Afioga Tuimalealiifano Vaaletoa Sualauvi II and Masiofo] ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • New law passed to reduce gun harm
    The Government’s commitment to combatting firearms violence has reached another significant milestone today with the passage of the Firearms Prohibition Order Legislation Bill, Police Minister Chris Hipkins says. The new law helps to reduce firearm-related crime by targeting possession, use, or carriage of firearms by people whose actions and behaviours ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Minister sends condolences as last Battle for Crete veteran passes away
    Minister for Veterans, Hon Meka Whaitiri sends her condolences to the last Battle for Crete veteran. “I am saddened today to learn of the passing of Cyril Henry Robinson known as Brant Robinson, who is believed to be the last surviving New Zealand veteran of the Battle for Crete, Meka ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Three Strikes Legislation Repeal Bill passes third reading
    Legislation to repeal the ‘Three Strikes’ law has passed its third reading in Parliament. “The Three Strikes Legislation Repeal Bill ends an anomaly in New Zealand’s justice system that dictates what sentence judges must hand down irrespective of relevant factors,” Justice Minister Kiri Allan said. “The three strikes law was ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Government working on preliminary steps to improve support for abuse survivors
    Work is under way on preliminary steps to improve the Government’s support for survivors of abuse in care while a new, independent redress system is designed, Public Service Minister Chris Hipkins says. These steps – recommended by the Abuse in Care Royal Commission of Inquiry – include rapid payments for ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Remarks upon 77th anniversary of the bombing of Hiroshima and Nagasaki
    Remembering Hiroshima and Nagasaki Online Forum 77 years ago today, an atomic bomb was dropped on the city of Nagasaki. Three days earlier, on the 6th of August 1945, the same fate had befallen the people of Hiroshima.  Tens of thousands died instantly. In the years that followed 340,000 ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt signs NZ–USA agreement launching new opportunities for space sector
    An agreement signed today between the New Zealand and United States governments will provide new opportunities for our space sector and closer collaboration with NASA, Economic and Regional Development Minister Stuart Nash said. Stuart Nash signed the Framework Agreement with United States Deputy Secretary of State, Wendy Sherman. The signing ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Govt strengthens emergency management cooperation between NZ and the US
    An agreement signed today between New Zealand’s National Emergency Management Agency (NEMA) and the United States’ Federal Emergency Management Agency (FEMA) will strengthen global emergency management capability, says Minister for Emergency Management Kieran McAnulty. “The Government is committed to continually strengthening our emergency management system, and this Memorandum of Cooperation ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New Zealand to stay at Orange as winter continues
    New Zealand will remain at the Orange traffic light setting, while hospitalisations remain elevated and pressure on the health system continues through winter. “There’s still significant pressure on hospitals from winter illnesses, so our current measures have an ongoing role to play in reducing the number of COVID-19 cases and ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Path paved for communities to reshape streets
    Streets will soon be able to be transformed from unsafe and inaccessible corridors to vibrant places for all transport modes thanks to new legislation proposed today, announced Transport Minister Michael Wood. “We need to make it safe, quicker and more attractive for people to walk, ride and take public transport ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Boost for agricultural and horticultural science in schools
    More young minds eyeing food and fibre careers is the aim of new Government support for agricultural and horticultural science teachers in secondary schools, Agriculture and Rural Communities Minister Damien O’Connor announced today. The Government is committing $1.6 million over five years to the initiative through the Ministry for Primary ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Bumper breeding season boosts Kākāpō population
    Kākāpō numbers have increased from 197 to 252 in the 2022 breeding season, and there are now more of the endangered parrots than there have been for almost 50 years, Conservation Minister Poto Williams announced today. The flightless, nocturnal parrot is a taonga of Ngāi Tahu and a species unique ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Relationship with Malaysia to be elevated to Strategic Partnership
    The relationship between Aotearoa New Zealand and Malaysia is to be elevated to the status of a Strategic Partnership, to open up opportunities for greater co-operation and connections in areas like regional security and economic development. Foreign Minister Nanaia Mahuta met her Malaysian counterpart Dato’ Saifuddin Abdullah today during a ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Call for New Zealanders to get on-board with rail safety
    With additional trains operating across the network, powered by the Government’s investment in rail, there is need for a renewed focus on rail safety, Transport Minister Michael Wood emphasised at the launch of Rail Safety Week 2022. “Over the last five years the Government has invested significantly to improve level ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Regional approach the focus at ASEAN and East Asia Summit talks
    The Foreign Minister has wrapped up a series of meetings with Indo-Pacific partners in Cambodia which reinforced the need for the region to work collectively to deal with security and economic challenges. Nanaia Mahuta travelled to Phnom Penh for a bilateral meeting between ASEAN foreign ministers and Aotearoa New Zealand, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Speech to the Criminal Bar Association
    Kia ora koutou Firstly, thank you to the President of the Criminal Bar Association, Fiona Guy Kidd QC, for her invitation to attend the annual conference this weekend albeit unfortunately she is unable to attend, I’m grateful to the warm welcome both Chris Wilkinson-Smith (Vice-President, Whanganui) and Adam Simperingham (Vice-President, Gisborne) ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • The beat goes on as Government renews support for musicians
    Extension of Aotearoa Touring Programme supporting domestic musicians The Programme has supported more than 1,700 shows and over 250 artists New Zealand Music Commission estimates that around 200,000 Kiwis have been able to attend shows as a result of the programme The Government is hitting a high note, with ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister of Defence to attend Guadalcanal Commemorations in the Solomon Islands
    Minister of Defence Peeni Henare will depart tomorrow for Solomon Islands to attend events commemorating the 80th anniversary of the Battle of Guadalcanal. While in Solomon Islands, Minister Henare will also meet with Solomon Islands Minister of National Security, Correctional Services and Police Anthony Veke to continue cooperation on security ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • New programme to provide insights into regenerative dairy farming 
    The Government is partnering with Ngāi Tahu Farming Limited and Ngāi Tūāhuriri on a whole-farm scale study in North Canterbury to validate the science of regenerative farming, Agriculture Minister Damien O’Connor announced today.   The programme aims to scientifically evaluate the financial, social and environmental differences between regenerative and conventional practices. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • More women on public boards than ever before
    52.5% of people on public boards are women Greatest ever percentage of women Improved collection of ethnicity data “Women’s representation on public sector boards and committees is now 52.5 percent, the highest ever level. The facts prove that diverse boards bring a wider range of knowledge, expertise and skill. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Awards support Pacific women
    I am honoured to support the 2022 Women in Governance Awards, celebrating governance leaders, directors, change-makers, and rising stars in the community, said Minister for Pacific Peoples Aupito William Sio. For the second consecutive year, MPP is proudly sponsoring the Pacific Governance Leader category, recognising Pacific women in governance and presented to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Govt investment into Whakatāne regeneration reaches new milestones
    Today Economic and Regional Development Minister Stuart Nash turned the sod for the new Whakatāne Commercial Boat Harbour, cut the ribbon for the revitalised Whakatāne Wharf, and inspected work underway to develop the old Whakatāne Army Hall into a visitor centre, all of which are part of the $36.8 million ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Government determined to get a better deal for consumers
    New Zealanders are not getting a fair deal on some key residential building supplies and while the Government has already driven improvements in the sector, a Commerce Commission review finds that  changes are needed to make it more competitive. “New Zealand is facing the same global cost of living and ...
    BeehiveBy beehive.govt.nz
    2 weeks ago