'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

Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Foreign investors show ‘increased interest’ in NZ
Policy

Foreign investors show ‘increased interest’ in NZ

Pension funds are reportedly cooling on the US. Could NZ stand to benefit?

The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Fast-track panels not out of blocks yet
Policy

Fast-track panels not out of blocks yet

The first three projects to go through the process are still waiting on panels.

Oliver Lewis 10 Apr 2025