Wealthy would-be covid refugees baulk at NZ's foreign tax rules

Wealthy would-be covid refugees baulk at NZ's foreign tax rules
Victoria Young
Increasing interest from foreigners wanting to move to New Zealand because of covid-19 is raising concerns over tax settings on foreign share portfolios.   Bell Gully partner Graham Murray says the current foreign investment regime is having a chilling effect on the swathes of rich people wanting to migrate here. Murray says these people, mostly Americans, could be enriching the country’s tax base but are instead “spitting out their coffee” when they find out what they’ll be taxed on their US investments, especially since Australian share...

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