Peter Dunne's speech yesterday to a KPMG seminar appears to be the Minister of Revenue inviting people to force change to a bill he has responsibility for.
To put it a little more bluntly the minister seems to be saying he doesn't like his bill. Because he is bound by collective cabinet responsibility he can't dissent on it, so he is taking the next best option and saying, one crowd forced change by using full page newspaper ads. Here is how you can force changes for yourself.
The speech is an open invitation for you to get stuck in. What are you waiting for?
His speech is a manual for setting off a bomb, albeit it on a lesser scale that what the Osama and his mates write!
I understand (second hand) that Dunne and his party aren't that happy with that is being proposed and they are prepared to back any practical solutions which would result in investors in international investments being taxed at their marginal tax rate.
The challenge for fund managers, advisers and investors is to come up with an alternative solution. IRD hasn't managed to dream one up. Can someone else?
Peter Dunne's speech yesterday to a KPMG seminar appears to be the Minister of Revenue inviting people to force change to a bill he has responsibility for.