Criptic Critic Conscience and Known for it
Sunday, June 23, 2013
Wednesday, June 19, 2013
New Zealand Dream - New Zealand Exceptionalism
So at
least our RAce relations aren't as bad as they are in Australia, we can
be proud of that, not as bad as South Africa, Palestine, Amerixca, JUST
WHAT KIND OF REASONING IS THIS. There's no forward cause that kind of progressiveness gets confused with endless growth capitalism. There's no
pulling quality from the past cause that is nostalgic utopian idealism,
there's no standing still cause those that
know even just a little of what's involved can see the Waitangi
Tribunal as sticking fingers into a sea wall of trouble. There will of
course be unintended consequences... but 1 or 2%, and no land, is not
going to cut it. I try to imagine, gov. taking my name away, where and
how I live, fighting for 200 odd years, then given 1-2 % of just some of
the money involved, that's not peace. That's just the same war, in
Australia, IN America, south Africa, Jerusalem, war by other means. That's
just the way we do things here in NZ. While South America locals went
to war, we roll over. And say.. Well at least we are better than...
http://www.eastonbh.ac.nz/1999/07/what_has_happened_in_new_zealand_to_income_distribution_and_poverty_levels/
http://www.eastonbh.ac.nz/1999/07/what_has_happened_in_new_zealand_to_income_distribution_and_poverty_levels/
Tuesday, June 11, 2013
Wednesday, June 5, 2013
"Type 3 Knowledge" - Collaboration with Carmel Skeaff - SUPERMARKET 2013- International Art Fair- Stockholm, Sweden
in response to C Skeaff and T Wells (photo: David Head) |
Interpreting Variable Arrangements 2013. In collaboration with Isadora Vaughan (with contributions from Lane Cormick, Shmulik Friedman, Helen Grogan, Johanna Nordin, Luke Sands & Keiren Seymour, Carmel Skeaff & Tao Wells, John Vella and Benjamin Woods)
SUPERMARKET 2013- International Art Fair- Stockholm
FREE PDF DOCUMENT (for above writing and more on other artists/ works in the show
How super-rich Kiwis dodge tax
Inland Revenue has found that 107 out of 161
"high-wealth individuals" who own or control more than $50 million worth
of assets declared their personal income in the last financial year was
less than $70,000
- the starting point for the top tax bracket of 33 cents in the dollar.
The multimillionaires used a variety of 6,800 tax-planning devices - such as companies, trusts and overseas bank accounts - to avoid paying tax. One had a network of 197 entities.
The multimillionaires used a variety of 6,800 tax-planning devices - such as companies, trusts and overseas bank accounts - to avoid paying tax. One had a network of 197 entities.
How super-rich Kiwis dodge tax
By Anna Leask @AnnaLeask , Jared Savage @jaredsavageNZH
5:30 AM Saturday Jun 1, 2013
Many Kiwis with assets of more than $50m declared income of less than $70,000 in their tax returns
Inland Revenue has found that 107 out of 161 "high-wealth individuals" who own or control more than $50 million worth of assets declared their personal income in the last financial year was less than $70,000 - the starting point for the top tax bracket of 33 cents in the dollar.
The multimillionaires used a variety of 6,800 tax-planning devices - such as companies, trusts and overseas bank accounts - to avoid paying tax. One had a network of 197 entities.
The IRD is unable to say whether some of those it is investigating may have paid the top tax rate on income received through trusts.
One expert said once that was included, it would show some were paying a fair share.
But University of Auckland tax specialist Michael Littlewood said he was "not even slightly surprised" at the level of tax evasion among the super rich.
Dr Littlewood estimated that up to $36 trillion was hidden in tax havens around the world. "It is an enormous amount of wealth. Pretty much every government in the world is attempting to do something about it."
In 2010, the IRD Tax Working Group raised concerns about the rich avoiding the top tax rate through sheltering devices such as family trusts.
The number had increased from 146,000 in 2001 to 237,000 in 2010.
Months later, the Government cut the top personal tax rate from 38 per cent to 33 to bring it into line with the tax rate for trusts.
But even after that change, the IRD continues to claw back hundreds of millions of dollars in extra tax from the super rich - $89 million in the 2012/13 financial year so far.
A report on tax compliance said the IRD had noted an "increasing complexity" in the financing arrangements of some companies, large corporations and high-wealth or -income individuals in the past year.
Aggressive tax arrangements can include the use of tax havens, transferring profits to associated overseas entities, using trusts to divert taxable income, and showing lifestyle and luxury assets as business ones.
"Some customers, particularly high-wealth and high-income individuals, are continuing to use offshore schemes and bank accounts to evade tax by misrepresenting how much they earn or own. There are also customers who under report their worldwide income," according to the 2012/13 report.
Labour's revenue spokesman, David Cunliffe, said it appeared the problem here was worsening.
"I am astounded and appalled. The legitimate tax system requires that everyone pays their fair share.
"If people want to [avoid tax] then it will require the Government to be much stricter and crack down on avoidance opportunities. Why should people who are the most privileged sector of society use their position to avoid paying a fair share of tax?
"That is morally wrong and should be illegal."
However, tax lawyer Andrew Ryan from Minter Ellison Rudd Watts in Auckland said it was not accurate to suggest high-wealth individuals were "getting away without paying tax".
"These high-net-wealth individuals will most probably be paying more GST than most individuals. In order to get a true reflection of the tax paid by the wealthiest individuals, it is necessary to include the tax paid by their companies and trusts.
"Not paying personal tax on income at the top tax rate does not mean that an individual is not paying a fair share of tax, once tax paid by their associates is factored in."
Figures supplied to the Weekend Herald show that the IRD has collected more than $600 million in extra tax since a unit was set up in 2003 to investigate high-wealth individuals.
Other cases still under investigation total $212 million, and a further $112 million is disputed.
Inland Revenue has also identified 500 people it believes may have given themselves artificially low salaries to avoid paying the top personal rate.
Taxpayers were given a 16-month grace period in which to make a voluntary disclosure - granted after the outcome of the landmark Penny and Hooper case in November 2011.
Ian Penny and Gary Hooper were Christchurch surgeons who used company structures and family trusts to artificially lower their salaries to avoid a higher personal income tax rate introduced in 2001.
The Supreme Court sided with the IRD when it ruled that "income derived from personal exertion should belong in its appropriate taxation band and should not be inappropriately diverted away".
About 800 people made voluntary disclosures since the IRD announced the concession and an extra $20 million in unpaid tax is likely to be collected.
Figures
• 193 New Zealanders own or control assets worth more than $50 million
• 161 have filed tax returns for the 2012 financial year
• 107 have declared their personal income is less than $70,000
By Anna Leask @AnnaLeask Email Anna,
Tuesday, June 4, 2013
mass amnesia through hypnosis
Depeche Mode - Enjoy The Silence (Rare World Trade Center Music Video 10...
[HD] Depeche Mode - "Enjoy the Silence" Live on Letterman 3/11/2013
[HD] Depeche Mode - "Enjoy the Silence" Live on Letterman 3/11/2013
New Zealanders giving away 45 million dollars
"90%
of profit from deep sea drilling will go offshore, 100% risk stays
here. Giving them tax breaks to frack NZ is insane." reader..
- Cameron Mckechnie and Lorraine Smith-Ngamoki like this.
- Dibid Babid sharp as usual Wells, I expect nothing less. However, I just dont see how politicians can sleep at night when they choose to sensationalize stories to score points with nit wits who aint lookin at the bigger economic picture.
- Dibid Babid Does mr hughes ride a wooden bike and have flax shoes. All very well to call people polluters but what is it they say about people in glass houses'' What does he fill his barbeque up with , hippy farts?
- Wells Tao sharp as a tack young Dibid, nice, my take on the usual "alternative" as oppose to "opposition" in local politics, maybe international, is that the game is a numbers one. You have the numbers you have the power, now economics funny enough works in, oh yeah, it's surprising how they ARE EXACTLY THE SAME. this crock of old baloney we call government is a piss in the face of concepts that are as plane on the nose of my face, better. So in the contest that is argument, the small buyer/ seller hurls his wears at an indifferent market, already enjoying the spoils of profit thanks to the beneficial influences of fascism on social stability, (after all where does that "security" initially come from , if not you and I agreeing in good society, not to gain our brothers numbers and make raid on said bank vault and recover teh material of what was always our in earning. ( 2nd chapter, beginning of my book)
I'm feeling real generous, so here's one before I sleep,
I am already old,
I 'm tird, i'm beat
I have no debt that I can live up to
I die owing, the bank owns me like a slave.
you see those over there,
those old people,
lot in their heads, trying to get out
to no where
There is no where for them to go,
we give them only death. The hard working the shoulders that we stand on
We give them nothing, just death to wait for as they live.
I'm already old
I have no earth to wake for,
no life that is mine to dispense with as a king
I am not even a god,
not one that works for one either.
Our greatest minds are attached to people whose greatest
accomplishment is that they were caught.
Caught this close carrying the keys' from the entrance. on the way out
They werre caught, with a baby grand piano
an elephant a gun
I dont know, their sex, their childhood, memoires of their mother,
that's the way they do it, the game of bait and hook , cant get off the line if the barb is you trying to remove it, No sense in pretneding you aint been hooked of course you ahve
look at m sitting here you don't see my in your head communicating like I otta, instantly tlelpathically, with a friend in mind, I am yours… no i've subsititiuted alltime all existence for a scope of history, a linear time tile, marking out space in the big time and space vault, this flesh keeps threatening to play as important, and boom there it is you got me, conventional, running up the home plate dropping the ball back side of my pants fall opening, gonads prod and measured, Sold at the market of your choice, and evidentially mine, This idea of good.
I want another.
who will challenge me.
I'm tired, I'me beat..
I'm old.
I 'm tird, i'm beat
I have no debt that I can live up to
I die owing, the bank owns me like a slave.
you see those over there,
those old people,
lot in their heads, trying to get out
to no where
There is no where for them to go,
we give them only death. The hard working the shoulders that we stand on
We give them nothing, just death to wait for as they live.
I'm already old
I have no earth to wake for,
no life that is mine to dispense with as a king
I am not even a god,
not one that works for one either.
Our greatest minds are attached to people whose greatest
accomplishment is that they were caught.
Caught this close carrying the keys' from the entrance. on the way out
They werre caught, with a baby grand piano
an elephant a gun
I dont know, their sex, their childhood, memoires of their mother,
that's the way they do it, the game of bait and hook , cant get off the line if the barb is you trying to remove it, No sense in pretneding you aint been hooked of course you ahve
look at m sitting here you don't see my in your head communicating like I otta, instantly tlelpathically, with a friend in mind, I am yours… no i've subsititiuted alltime all existence for a scope of history, a linear time tile, marking out space in the big time and space vault, this flesh keeps threatening to play as important, and boom there it is you got me, conventional, running up the home plate dropping the ball back side of my pants fall opening, gonads prod and measured, Sold at the market of your choice, and evidentially mine, This idea of good.
I want another.
who will challenge me.
I'm tired, I'me beat..
I'm old.
Subscribe to:
Posts (Atom)