Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.


View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 | 3 | 4 | 5
4103 posts

Uber Geek


  # 2291440 7-Aug-2019 10:18
2 people support this post
Send private message quote this post

Batman:

 

you learn something new every day!

 

now if only they pass a law to require every existing property owner to provide an IRD number ... that would clamp down on money laundering in 60 seconds ... but alas, can of worms and maybe they don't want to know

 

 

18 June 2019

 

Supplementary Order Paper No. 248 to the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was released today.http://taxpolicy.ird.govt.nz/news/2019-06-18-sop-tax-bill-providing-ird-numbers-all-property-transfers

 

It includes a proposal that would require all buyers and sellers of property to provide their IRD number as part of the transaction process. Previously, those buying or selling a main home did not have to provide an IRD number.

 

 

 

 

 

 


Mad Scientist
20928 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2291550 7-Aug-2019 11:10
Send private message quote this post

wellygary:

 

Batman:

 

you learn something new every day!

 

now if only they pass a law to require every existing property owner to provide an IRD number ... that would clamp down on money laundering in 60 seconds ... but alas, can of worms and maybe they don't want to know

 

 

18 June 2019

 

Supplementary Order Paper No. 248 to the Taxation (Annual Rates for 2019–20, GST Offshore Supplier Registration, and Remedial Matters) Bill was released today.http://taxpolicy.ird.govt.nz/news/2019-06-18-sop-tax-bill-providing-ird-numbers-all-property-transfers

 

It includes a proposal that would require all buyers and sellers of property to provide their IRD number as part of the transaction process. Previously, those buying or selling a main home did not have to provide an IRD number.

 

 

 

 

 

 

 

 

I mean existing property not being bought or sold.





Involuntary autocorrect in operation on mobile device. Apologies in advance.


 
 
 
 


1066 posts

Uber Geek


  # 2291759 7-Aug-2019 15:43
Send private message quote this post

wellygary:

 

Batman: that's assuming IRD shares information with China? 

 

Agreement between The Government of New Zealand and The Government of the People’s Republic of China

 

For the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance

 

"ARTICLE 26

 

EXCHANGE OF INFORMATION

 

1. The competent authorities of the Contracting States shall exchange ........

 

O. T. I know, the agreement suited both countries Govt's quite well. The Chinese Govt has been trying steer Chinese investors to invest in China and to stem the illegal flow of cash out of the China into foreign investments facilitated through black market FOREX banks   - meanwhile, the NZ govt was trying to stem housing inflation caused by foreign speculation in NZ housing without admitting it was an issue. 

 

By revealing to the Chinese govt when Chinese money is being invested in NZ housing, it closed one of the destinations for illegally exported money. It is pretty sobering to think about how dramatically sales dropped, and how that indicates so many earlier sales must have been contrary to Chinese law. Meanwhile we naively expect the very same people to dutifully pay their taxes here? I don't think so Tim.


4103 posts

Uber Geek


  # 2291773 7-Aug-2019 16:06
Send private message quote this post

tripper1000:

 

O. T. I know, the agreement suited both countries Govt's quite well. The Chinese Govt has been trying steer Chinese investors to invest in China and to stem the illegal flow of cash out of the China into foreign investments facilitated through black market FOREX banks   -

 

Preventing leakages is always a major headache when you run capital account restrictions,

 

There are numerous stories of people getting every members of their extended family to divide up funds to send them overseas to buy apartments in Vancouver, Sydney or Auckland,

 

Although currency restriction always lead to the most interesting examples of capitalism finding ways round.

 

.... Back in the 1990s when the Russian Rouble was unconvertible Pepsi had a thriving barter trade running selling Cola and returning the funds as Russian Vodka and chairs for its American pizza Hut Chain.

 

Heck, we even traded Butter for some Hungarian trains in the early 1990s

 

 


gzt

10912 posts

Uber Geek


  # 2292400 8-Aug-2019 16:01
Send private message quote this post

surfisup1000: A whole generation of aucklanders who have grown up thinking house prices will increase 20% or more a year.

As you know apartments are not the same market which is one of many reasons that banks require 20%. Imo if deposit requirements on apartments were lower this would solve a lot of problems. And create a few more to solve naturally.

822 posts

Ultimate Geek


  # 2292411 8-Aug-2019 16:28
Send private message quote this post

wellygary:

 

tripper1000:

 

O. T. I know, the agreement suited both countries Govt's quite well. The Chinese Govt has been trying steer Chinese investors to invest in China and to stem the illegal flow of cash out of the China into foreign investments facilitated through black market FOREX banks   -

 

Preventing leakages is always a major headache when you run capital account restrictions,

 

There are numerous stories of people getting every members of their extended family to divide up funds to send them overseas to buy apartments in Vancouver, Sydney or Auckland,

 

Although currency restriction always lead to the most interesting examples of capitalism finding ways round.

 

.... Back in the 1990s when the Russian Rouble was unconvertible Pepsi had a thriving barter trade running selling Cola and returning the funds as Russian Vodka and chairs for its American pizza Hut Chain.

 

Heck, we even traded Butter for some Hungarian trains in the early 1990s

 

 

 

 

I believe Pepsi even had at one point its own Soviet submarine

 

https://www.businessinsider.com/how-pepsi-briefly-became-the-6th-largest-military-in-the-world-2018-7/?r=AU&IR=T 


Mad Scientist
20928 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2292430 8-Aug-2019 16:55
Send private message quote this post

gzt:
surfisup1000: A whole generation of aucklanders who have grown up thinking house prices will increase 20% or more a year.

As you know apartments are not the same market which is one of many reasons that banks require 20%. Imo if deposit requirements on apartments were lower this would solve a lot of problems. And create a few more to solve naturally.


What kind of 1 bdr apartment costs 600k?




Involuntary autocorrect in operation on mobile device. Apologies in advance.


 
 
 
 


790 posts

Ultimate Geek


  # 2292471 8-Aug-2019 18:18
Send private message quote this post

gzt:
surfisup1000: A whole generation of aucklanders who have grown up thinking house prices will increase 20% or more a year.

As you know apartments are not the same market which is one of many reasons that banks require 20%. Imo if deposit requirements on apartments were lower this would solve a lot of problems. And create a few more to solve naturally.

 

 

 

An apartment that small will generally require a 35% deposit. Some banks won't lend on sub 50m2 apartments. 


302 posts

Ultimate Geek

Subscriber

  # 2292475 8-Aug-2019 18:27
Send private message quote this post

sen8or:

wellygary:


tripper1000:


O. T. I know, the agreement suited both countries Govt's quite well. The Chinese Govt has been trying steer Chinese investors to invest in China and to stem the illegal flow of cash out of the China into foreign investments facilitated through black market FOREX banks   -


Preventing leakages is always a major headache when you run capital account restrictions,


There are numerous stories of people getting every members of their extended family to divide up funds to send them overseas to buy apartments in Vancouver, Sydney or Auckland,


Although currency restriction always lead to the most interesting examples of capitalism finding ways round.


.... Back in the 1990s when the Russian Rouble was unconvertible Pepsi had a thriving barter trade running selling Cola and returning the funds as Russian Vodka and chairs for its American pizza Hut Chain.


Heck, we even traded Butter for some Hungarian trains in the early 1990s


 



I believe Pepsi even had at one point its own Soviet submarine


https://www.businessinsider.com/how-pepsi-briefly-became-the-6th-largest-military-in-the-world-2018-7/?r=AU&IR=T



Off topic but...

The long-gone NZFP swapped a shipment of timber for a bunch of Maserati Biturbo cars, sedans & coupes, circa 1990.

Maserati has had a multitude of owners - from the logical - Ferrari, to the very weird - Citroen, & was under De Tomaso / Fiat ownership at the time - Fiat rescuing De Tomaso from the disastrous unreliability of just about every Maser ever built.

I don't know what went through the mind of the NZFP execs when they signed that deal off, but if they thought they'd eventually profit then they had sadly miscalculated. A couple of years after landing the Maserati's, they ended up tendering them out for a lot less than the original price ($135k IIRC).

They did have beautiful clocks though.




Megabyte - so geek it megahertz


5417 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2292497 8-Aug-2019 18:48
Send private message quote this post

 

Batman: What kind of 1 bdr apartment costs 600k?

 

 

It's in Auckland.  😕

 

Click to see full size

 

"You ain't from around here, are you?" Rango (2011)

 

(click to view)





Sideface


3408 posts

Uber Geek

Trusted

  # 2293443 10-Aug-2019 10:55
3 people support this post
Send private message quote this post

snnet:

 

Mother mustn't be a very nice (or bright?) person.

 

 

You describe what seems like a typical auckland-based real estate agent. 





Ray Taylor
Taylor Broadband (rural hawkes bay)
www.ruralkiwi.com

There is no place like localhost
For my general guide to extending your wireless network Click Here




5411 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2293444 10-Aug-2019 11:02
Send private message quote this post

raytaylor:

snnet:


Mother mustn't be a very nice (or bright?) person.



You describe what seems like a typical auckland-based real estate agent. 



Ouch but yes soooooo true

292 posts

Ultimate Geek


  # 2294748 12-Aug-2019 13:04
Send private message quote this post

The mum in this story, Priscila Sarreal, is not a real estate agent as her licence was suspended a year ago.

 

.. The plot thickens...


Mad Scientist
20928 posts

Uber Geek

Trusted
Lifetime subscriber

  # 2294754 12-Aug-2019 13:16
Send private message quote this post

Jeeves:

 

The mum in this story, Priscila Sarreal, is not a real estate agent as her licence was suspended a year ago.

 

.. The plot thickens...

 

 

presumably she was a REAL estate agent at the time of contract being signed





Involuntary autocorrect in operation on mobile device. Apologies in advance.


3408 posts

Uber Geek

Trusted

  # 2295161 12-Aug-2019 22:04
Send private message quote this post

Jeeves:

 

The mum in this story, Priscila Sarreal, is not a real estate agent as her licence was suspended a year ago.

 

.. The plot thickens...

 

 

Now that, in my opinion, has turned some mundane story into some shortland street level quality drama!

 

I must know more. 





Ray Taylor
Taylor Broadband (rural hawkes bay)
www.ruralkiwi.com

There is no place like localhost
For my general guide to extending your wireless network Click Here




1 | 2 | 3 | 4 | 5
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Arlo unveils its first video doorbell
Posted 21-Oct-2019 08:27


New Zealand students shortlisted for James Dyson Award
Posted 21-Oct-2019 08:18


Norton LifeLock Launches Norton 360
Posted 21-Oct-2019 08:11


Microsoft New Zealand Partner Awards results
Posted 18-Oct-2019 10:18


Logitech introduces new Made for Google keyboard and mouse devices
Posted 16-Oct-2019 13:36


MATTR launches to accelerate decentralised identity
Posted 16-Oct-2019 10:28


Vodafone X-Squad powers up for customers
Posted 16-Oct-2019 08:15


D Link ANZ launches EXO Smart Mesh Wi Fi Routers with McAfee protection
Posted 15-Oct-2019 11:31


Major Japanese retailer partners with smart New Zealand technology IMAGR
Posted 14-Oct-2019 10:29


Ola pioneers one-time passcode feature to fight rideshare fraud
Posted 14-Oct-2019 10:24


Spark Sport new home of NZC matches from 2020
Posted 10-Oct-2019 09:59


Meet Nola, Noel Leeming's new digital employee
Posted 4-Oct-2019 08:07


Registrations for Sprout Accelerator open for 2020 season
Posted 4-Oct-2019 08:02


Teletrac Navman welcomes AI tech leader Jens Meggers as new President
Posted 4-Oct-2019 07:41


Vodafone makes voice of 4G (VoLTE) official
Posted 4-Oct-2019 07:36



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.