'The speed is good': Hitting fast forward on FIF changes may halt entrepreneur flight

'The speed is good': Hitting fast forward on FIF changes may halt entrepreneur flight
Sam Blackman, back in hometown Rotorua, may stick around for a tax policy less punishing to startup founders. (Image: Supplied)
Garth Bray
A new capital gains tax on individuals at a 70% discount rate might seem like an odd win, but entrepreneurs who had planned to depart New Zealand before facing more immediate liability are now reconsidering as details emerge of rapid changes coming to the foreign investment fund (FIF) tax regime.“It significantly increases the likelihood of us sticking around,” Sam Blackman, an NZ entrepreneur among those making the case for change, said.Hard on the heels of an announcement last week timed for the infrastructure investment summit in...

More Policy

The elephant in the room
Policy Opinion

Katrina Van Houtte: The elephant in the room

Budget 2025: Cross-parliamentary consensus is needed for infrastructure projects to flow. 

Budget 2025: 20% depreciation boost
Economy

Budget 2025: 20% depreciation boost

The initiative seeks to make capital investment more attractive.

Pattrick Smellie 22 May 2025
Auckland Mayor Wayne Brown launches tech alliance
Policy

Auckland Mayor Wayne Brown launches tech alliance

Brown wants a focus on meaningful tech that creates high-paid jobs.

Oliver Lewis 20 May 2025
Willis damps down huge depreciation change talk
Economy

Willis damps down huge depreciation change talk

The Finance Minister scotched market talk of a 100% depreciation regime.

Pattrick Smellie 20 May 2025