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.

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  • Press Release: “Fake News” from Auckland City Council CCOs Board Chairs re pay and performance b...
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    Closing the GapBy Tracey Sharp
    7 days ago
  • Ever-So-Slightly Bonkers: Simon Bridges Plays To His Base.
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    7 days ago
  • Asking for food
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    Opposable ThumbBy Unknown
    7 days ago
  • Forty years of change in the jobs Kiwi do and the places they call home
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    SciBlogsBy Guest Author
    7 days ago
  • Protecting Fresh Waterways in Aotearoa/NZ: The Strong Public Health Case
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    SciBlogsBy Public Health Expert
    1 week ago
  • Massey University triggered to rebrand
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    RedlineBy Daphna
    1 week ago
  • Swinson backing calls for a second referendum (again)
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    1 week ago
  • An odious bill
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    No Right TurnBy Idiot/Savant
    1 week ago
  • National is now the party of climate arson
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    No Right TurnBy Idiot/Savant
    1 week ago
  • The environmental footprint of electric versus fossil car
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    SciBlogsBy Guest Author
    1 week ago
  • “Manifest” by Andrew Bird – A Song For The Times.
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    1 week ago
  • Passing the buck
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    No Right TurnBy Idiot/Savant
    1 week ago
  • India a major player in Earth observation satellites
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    SciBlogsBy Duncan Steel
    1 week ago
  • The rot at the top (2).
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    KiwipoliticoBy Pablo
    1 week ago
  • Common misconceptions about “Global Warming”
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    An average kiwiBy admin@averagekiwi.com
    1 week ago
  • A climate of tyranny
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    No Right TurnBy Idiot/Savant
    1 week ago
  • Collins crushes climate
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    SciBlogsBy Robert McLachlan
    1 week ago
  • More disappointment
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    No Right TurnBy Idiot/Savant
    1 week ago
  • What do these mother-child studies really say about fluoridation?
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    1 week ago
  • Losing Labour’s Mills-Tone.
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    1 week ago
  • Speaker: Disability and the Royal Commission of Inquiry into Historical Abuse
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    1 week ago
  • Spain is not a democracy
    No Right TurnBy Idiot/Savant
    1 week ago
  • UK Conservatives hate democracy
    With an unfair voting system, uneven electorates and an un-elected upper house, the UK's "democracy" is barely worthy of the name. But now the government wants to make it worse:The government has been accused of suppressing voters’ rights with the potential disenfranchisement of tens of thousands of people after plans ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • What is wrong with our building industry?
    Back in the 90's and early 2000's, the building industry was building leaky homes which should never have been granted consent. Now it turns out they've been building dodgy office blocks as well:New imaging technology has revealed hundreds of major buildings nationwide have defective or missing concrete or reinforcing steel. ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Local bodies
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    No Right TurnBy Idiot/Savant
    1 week ago
  • A future of government
      How could government evolve over the next decades? Reports of democracy’s imminent demise are greatly exaggerated.  However, satisfaction with political systems in many countries is low, so there is much to do for governments of all political stripes to improve relevance and trust. Digital technologies are seen as one ...
    SciBlogsBy Robert Hickson
    2 weeks ago
  • Speaker: Catalonia, interrupted
    Two years have now gone by since the Friday afternoon when my university-student son and I headed out of our Barcelona flat to a nearby primary school, designated as a polling station for the vote that was to be held the following Sunday: the referendum on Catalonia’s independence from Spain ...
    2 weeks ago
  • Sage Decisions Unwisely Over-Ruled.
    Overruled: The joint decision of Finance Minister, Grant Robertson (Labour) and his Associate Minister, David Parker (Labour) arguably the two most powerful ministers in Jacinda Ardern’s government, to grant OceanaGold the consents which Land Information Minister, Eugenie Sage (Greens) had earlier denied them, offers bitter proof of how hard fighting ...
    2 weeks ago
  • Government may ban voting in effort to get more people to do it
    More than double the number of people who will vote in this year’s local body elections have tried marijuana or urinated somewhere they shouldn’t have. As local elections look set for the lowest turnout in decades, with many regions falling well short of 40%, the Government is exploring a number ...
    The CivilianBy admin
    2 weeks ago
  • Woman: Deleted.
    A Statement on Abortion Law Reform by the Council of Disobedient Women   On the eve of bringing an end to antiquated, anti-women abortion laws Green MP Jan Logie intends to write women out of the Bill. With a stroke of the pen, the woke are aiming for total erasure ...
    RedlineBy Daphna
    2 weeks ago
  • The Hollowest of Men Ride Again… SURPRISE!
    Musings continue apace about “the experienced businessman!” soon to be taking up a National Party MP position. Or to be more accurate, being parachuted into a seat to shut down their former MP Jamie-Lee Ross, who despite his own shortcomings shed at least some more light on the inner workings ...
    exhALANtBy exhalantblog
    2 weeks ago
  • Barbaric
    The Ugandan government wants to murder gay people:Uganda has announced plans to impose the death penalty on homosexuals. The bill, colloquially known as “Kill the Gays” in Uganda, was nullified five years ago on a technicality, but the government said on Thursday it plans to resurrect it within weeks. The ...
    No Right TurnBy Idiot/Savant
    2 weeks ago
  • Is this study legit? 5 questions to ask when reading news stories of medical research
    Hassan Vally, La Trobe University Who doesn’t want to know if drinking that second or third cup of coffee a day will improve your memory, or if sleeping too much increases your risk of a heart attack? We’re invested in staying healthy and many of us are interested in reading ...
    SciBlogsBy Guest Author
    2 weeks ago
  • Fighting Monsters.
    Freedom Of Speech? The Säuberung (cleansing by fire) was the work of the German Student Union which, on 10 May 1933, under the watchful eye of the Nazi Reichminister for Propaganda, Joseph Goebbels, consigned 25,000 books to the flames in a ritual exorcism of “un-German thought”. According to the logic of the ...
    2 weeks ago
  • The next wave of kaupapa Māori politics: its constitutional, it must be.
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    EllipsisterBy Ellipsister
    2 weeks ago
  • Night lights of NZ from orbit
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    SciBlogsBy Duncan Steel
    2 weeks ago
  • Reporters deliver uplifting news to fleeing Japanese residents: they won’t miss any rugby
    New Zealand’s media is doing its part in Japan, reassuring those in the path of the storm that they won’t miss any rugby while away from their flooded homes. New Zealand sports reporters stationed in Japan for the Rugby World Cup have had the rare and heartwarming opportunity to inform ...
    The CivilianBy admin
    2 weeks ago
  • Government in contentious discussions about whether to put surplus on red or black
    Regional Development Minister Shane Jones is the only Cabinet member in favour of putting it all on green. As Finance Minister Grant Robertson finds himself with an enormous $7.5 billion surplus, the Government has begun intense, at times contentious conversations about whether to put the money on red or black at ...
    The CivilianBy admin
    2 weeks ago
  • Jordanian teachers’ successful strike has lessons for here
    by Susanne Kemp At the start of September close to 100,000 school teachers went on strike in Jordan.  They demanded a 50% pay rise.  A pay rise actually agreed to by the regime back in 2014. In early October, however, in the face of government repression and threats, the teachers’ ...
    RedlineBy Admin
    2 weeks ago

  • More homes where they are needed
    More houses for homeless New Zealanders are being opened today in Tauranga by Associate Housing Minister Kris Faafoi. Six 2-bedroom quality units are being opened at 878 Cameron Road by Minister Faafoi and Accessible Properties, a local Community Housing Provider (CHP). Accessible Properties now provides more than 1,700 community housing ...
    BeehiveBy beehive.govt.nz
    42 mins ago
  • Minister of Finance and Sport and Recreation to visit Japan and Vietnam
    Finance Minister Grant Robertson departs tomorrow for events and meetings in Japan and Vietnam.  While in Japan, he will discuss economic and fiscal issues including meeting with the Minister of Finance, Taro Aso, and Minister of Economic and Fiscal Policy, Yasutoshi Nishimura. He will meet with the Minister of Education, ...
    BeehiveBy beehive.govt.nz
    14 hours ago
  • Dashboard tracks housing progress
    The Government’s Housing Dashboard released today confirms record numbers of state houses are under construction and shows the Government build programme is gaining momentum.  “After nine years of inaction, and a hands-off attitude from the previous government we’re starting to see things move in the right direction for housing,” says ...
    BeehiveBy beehive.govt.nz
    16 hours ago
  • Ministerial Statement on the International Convention Centre fire
    Mr Speaker, I wish to make a ministerial statement relating to the Auckland fire. The Government is closely monitoring the situation with the fire at the NZ International Convention Centre and is thankful that everyone is now safe. Firefighters are doing an incredible job managing the fire and bringing it ...
    BeehiveBy beehive.govt.nz
    18 hours ago
  • Government invests in Te Reo, environmental data research
    The Government is investing in ambitious research that will digitise Te Reo, grow the low-carbon protein efficient aquaculture industry, help interpret environmental trends, and large data sets says Research, Science and Innovation Minister Megan Woods. The four projects range from teaching Siri to speak Te Reo to crunching large environmental ...
    BeehiveBy beehive.govt.nz
    22 hours ago
  • Government announces next steps as part of a comprehensive plan to fix skills gap
    A new education-to-employment brokerage service to strengthen connections between local employers and schools. Funding for more trades focused ‘speed-dating’ events to connect schools with employers. Promotional campaign to raise profile of vocational education. The Government is taking action to increase the number of young people taking up vocational education and ...
    BeehiveBy beehive.govt.nz
    24 hours ago
  • Corrections Amendment Bill passes third reading
    A Bill to improve prison security and ensure the fair, safe, and humane treatment of people in prison while upholding public safety has passed its third reading. Corrections Minister Kelvin Davis says the Corrections Amendment Bill makes a number of changes to ensure the Corrections Act 2004 is fit for ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Ngāi Tahu CEO appointed to NZ-China Council
    Minister for Māori Development, Nanaia Mahuta, has selected Arihia Bennett MNZM, Chief Executive Officer of Te Rūnanga o Ngāi Tahu, as the Te Puni Kōkiri appointed representative on the New Zealand-China Council. The New Zealand-China Council (the Council) was established in 2012 as a New Zealand led and funded organisation ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Southern Response claims move to EQC
    Responsibility for processing the small number of Southern Response claims still to be settled will be transferred to EQC by the end of the year. “As claim numbers reduce, it no longer makes sense for the Crown to have two organisations processing the remaining Canterbury claims,” Grant Robertson says. “Since ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Bowel screening starts in Whanganui
    Health Minister David Clark is encouraging Whanganui residents to take up the opportunity for free bowel screening, which can detect cancer early when it’s easier to treat.   Over the next two years 12,000 Whanganui locals, aged 60 to 74 will be invited to participate in the National Bowel Screening ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Pacific Peoples Minister to attend Our Ocean Conference in Norway
    Minister for Pacific Peoples Aupito William Sio, heads to Oslo today to represent New Zealand at the sixth Our Ocean Conference, which is being hosted by the Norwegian Government from the 23-24 October. “The Our Ocean Conference mobilises real action on issues like marine plastic pollution and the impacts of ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government announces 27 percent increase in Trades Academy places
    Two secondary-school initiatives are being expanded as part of the Government’s plan to see more young New Zealanders take up a trade to help close the skills gap.   This includes the largest single increase in Trades Academy places in recent years. Prime Minister Jacinda Ardern and Education Minister Chris ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures Conference: Connection...
    Session 4: Pacific Connectivity – Youth, Media and New Opportunities   Kia ora tatou katoa and Warm Pacific greetings to one and all. Representatives of Tainui, the local people of the land, or manawhenua – the indigenous peoples of this area – have welcomed you this morning in accordance with ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Methane reducing cattle feed one step closer
    The Government today announced its support for a project that could substantially reduce agricultural greenhouse gas emissions from cattle. The announcement was made as part of Prime Minister Jacinda Ardern’s and Agriculture Minister Damien O’Connor’s visit to Nelson’s Cawthron Aquaculture Park. The Cawthron Institute will receive $100,000 from the Government’s ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Bill to refresh superannuation system passes first reading
    Social Development Minister Carmel Sepuloni has welcomed the first reading of the New Zealand Superannuation and Veteran’s Pension Legislation Amendment Bill. “Every New Zealander has a stake in New Zealand Superannuation and Veteran’s Pension,” says Carmel Sepuloni. “They are our most common form of social assistance – nearly 800,000 New ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Government announces next steps in fight against measles
    Babies in Auckland aged six months and over can receive a free vaccination and children will all have access to vaccines, Associate Minister of Health Julie Anne Genter announced today at Papatoetoe High School.   The move comes as part of Government efforts to step up the fight against measles. ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Speech to the New Zealand Institute of International Affairs, Pacific Futures: Connections, Identity...
    ***Check against delivery*** Good morning. It is a pleasure to be here, and to have the honour of opening this important conference on behalf of the New Zealand Institute of International Affairs. Let us take the opportunity to acknowledge all the people who have helped make today possible, including our special ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Police trial new response to high risk events
    Police Minister Stuart Nash says the safety of frontline officers and members of the public will be the focus of a new trial of specialist Police response teams in three of our largest urban centres. Police have this morning released details of an initiative to be trialled in Counties Manukau, ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • New awards celebrate fisheries sustainability
    The Minister of Fisheries is calling for entries for a new public award to celebrate innovation in our seafood sector. “I have established the Seafood Sustainability Awards to recognise and celebrate those throughout industry, tangata whenua and communities who demonstrate outstanding dedication and innovation towards the sustainability of New Zealand’s ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • More progress for women and we can do more
    Minister for Women Julie Anne Genter welcomes leaders in the private sector taking action on closing their gender pay gaps to ensure a fairer workplace for all New Zealanders. Ms Genter today launched a new report, Addressing the gender pay gap and driving women’s representation in senior leadership, from the Champions for ...
    BeehiveBy beehive.govt.nz
    6 days ago
  • Proposals to curb environmental damage help our coasts and the oceans
    Government Ministers today welcomed the release of a marine environment report highlighting the four key issues affecting our oceans, estuaries and coastlines.  The release underlines the importance of government proposals to combat climate pollution, ensure clean freshwater, protect biodiversity, make land use more sustainable, and reduce waste and plastic.    Environment ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New mental health facility for Waikato
    The Government has approved funding for a new acute mental health facility for Waikato which will provide better care and support to people with mental health and addiction issues. Prime Minister Jacinda Ardern and Health Minister Dr David Clark announced the $100 million project to replace the aging Henry Rongomau ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • 500 new te reo Māori champions in our classrooms
    The Government is making progress on its goal to integrate te reo Māori into education by 2025, with over 500 teachers and support staff already graduating from Te Ahu o te Reo Māori,  Associate Education Minister Kelvin Davis announced today. Kelvin Davis made the announcement at an awards ceremony in Waikanae today, for ...
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    7 days ago
  • Minister James Shaw welcomes 2018 Census first release
    Statistics Minister James Shaw has welcomed the first release of 2018 Census data. The first release of data today, 23 September, includes key data on population, regional growth, the number of homes and the size of different ethnic groups in New Zealand. Data from the 2018 Census will support the ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Driving transparency, ethics and accountability in government use of algorithms
    Minister for Statistics James Shaw today announced a public consultation on a proposed algorithm charter for government agencies. The charter has been developed by the Government Chief Data Steward in response to growing calls for more transparency in government use of data. Computer algorithms – procedures or formulas for solving ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • New Zealand and the Netherlands working together on climate change
    Agriculture Minister Damien O’Connor, Climate Change Minister James Shaw and visiting Dutch Prime Minister Mark Rutte co-hosted a business roundtable in Auckland this morning focused on working together to address climate change.  “The Netherlands is an important partner for New Zealand. We share a strong agricultural history. Sustainable agribusiness and ...
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    7 days ago
  • Protecting fairness for workers and businesses
    The Government is taking action to build an inclusive economy where more of us receive our fair share at work and businesses can compete on great products and services, not undercutting wages and conditions, Immigration and Workplace Relations and Safety Minister Iain Lees-Galloway says. Two consultations launched today seek feedback ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Indigenous Freshwater Fish Bill Passes
    The future for New Zealand’s threatened indigenous freshwater fish looks brighter with the passing of the Conservation (Indigenous Freshwater Fish) Amendment Bill in Parliament today said Minister of Conservation, Eugenie Sage. “Until now, our freshwater fish legislation has been 20 years out of date. We have lacked effective tools to ...
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    1 week ago
  • Kiwis to take part in world’s biggest earthquake drill
    At 1.30pm tomorrow, hundreds of thousands of Kiwis will join about 65 million people around the globe in ShakeOut, the world’s biggest earthquake drill. The annual drill is to remind people of the right action to take during an earthquake which is to Drop, Cover, Hold, and to practise their ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Rising wages and low inflation supporting Kiwis
    Kiwis are benefiting from higher wage growth and low inflation under the Coalition Government. Stats NZ data out today shows the rise in the cost of living remains low, as annual Consumers Price Index (CPI) inflation fell to 1.5% in September from 1.7% in June. “The low inflation comes as ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ economy strong amid global headwinds
    New Zealand’s economic strength and resilience has been recognised in a major update on the state of the global economy. The IMF’s latest World Economic Outlook released overnight shows a reduced global growth forecast over the next two years as issues like the US-China trade war and Brexit take hold. ...
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    1 week ago
  • Keeping New Zealanders safer with better counter-terrorism laws
    Justice Minister Andrew Little has today introduced a new Bill to prevent terrorism and support the de-radicalisation of New Zealanders returning from overseas. The Terrorism Suppression (Control Orders) Bill gives the New Zealand Police the ability to apply to the High Court to impose control orders on New Zealanders who ...
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    1 week ago
  • Improved succession and dispute resolution core of Ture Whenua changes
    A Bill that proposes targeted changes to simplify the processes for Māori land owners when engaging with the Māori Land Court has had its First Reading today. “The approach taken by the Government is to ensure that the protection of Māori land remains a priority as we seek to improve ...
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  • Speech to CTU Biennial Conference
    Let me first thank all the new unionists and members in the room. There is nothing more important to improving people’s working lives than people making the decision to care, to get on board and help, to take up the reins and get involved. Congratulations to you. You bring the ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Minister ensures continued Whenuapai flight operations
    Minister of Defence Ron Mark has signed a certificate exempting the activity of engine testing at Whenuapai Airbase from the Resource Management Act 1991. The Act gives the Minister of Defence the power to exempt activities for the purposes of national security.  The certificate will mean the recent Environment Court ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • NZ joins Coalition of Finance Ministers for Climate Action
    Finance Minister Grant Robertson has announced New Zealand will join the Coalition of Finance Ministers for Climate Action while attending APEC meetings in Chile. The objective of the 39 member Coalition is to share information and promote action to tackle climate change. It was formed in April this year, in ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Feedback Sought – Section 71 – Lyttelton Parking
    Feedback sought– Lyttelton commercial zone parking  The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal to remove on-site car parking requirements for new developments in the Lyttelton commercial zone.  The proposal, by Christchurch City Council, asks that powers under section 71 of the Greater ...
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    1 week ago
  • Feedback Sought – Section 71 – Hagley Oval
    Hon Minister Poto Williams Associate Minister for Greater Christchurch Regeneration   MEDIA STATEMENT       Tuesday 15 October 2019 Feedback sought – Hagley Oval The Associate Minister for Greater Christchurch Regeneration, Poto Williams, is seeking feedback on a proposal about Hagley Oval. The proposal was developed by Regenerate Christchurch ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • CTU speech – DPM
    Ladies and gentlemen, NZCTU President Richard Wagstaff, members of respective unions – thank you for the invitation to speak to you today. This might be preaching to the choir, but the importance of trade unions in New Zealand’s historical arch is difficult to understate. And it is my belief that ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police Association Annual Conference
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    BeehiveBy beehive.govt.nz
    1 week ago