Let them eat PIEs: why tax hike could see rich flow to funds

Let them eat PIEs: why tax hike could see rich flow to funds
David Chaplin
New Zealand investors have been gorging on PIEs since 2007, consuming more than $100 billion worth of the attractively packaged, tax incentive-flavoured funds.Also from April 1 this year, the portfolio investment entity (PIE) tax active ingredient will come in an even stronger concentration for high-income earners caught under the new high marginal rate introduced by the Labour government.Those earning more than $180,000 each year from most sources will be hit with a marginal tax rate of 39 percent for the coming financial year, up from the cur...

More Opinion

Finally, a small stand is made against Big Tech
Opinion

Peter Griffin: Finally, a small stand is made against Big Tech

However, we look set to repeat the errors of the Web 2.0 era.

Benchmark-beaters: how ESG gives indexers active power
Opinion

David Chaplin: Benchmark-beaters: how ESG gives indexers active power

The ESG push among institutional investors is changing the mix.

David Chaplin 03 Jul 2024
Has ArborGen finally crossed the Rubicon?
Opinion

Paul McBeth: Has ArborGen finally crossed the Rubicon?

Long-suffering shareholders might be dubious about the emerging green shoots.

Paul McBeth 02 Jul 2024
Our nation of tinkerers
Opinion

Simon Robertson: Our nation of tinkerers

From wine to Wētā, New Zealanders are always excelling at something.  

Simon Robertson 29 Jun 2024