Comments on: The Budget lockup

By: amprgen ciljter

amprgen ciljter — Mon, 11 Jun 2007 19:15:09 +0000

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By: amprgen ciljter

amprgen ciljter — Mon, 11 Jun 2007 19:14:22 +0000

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By: amprgen ciljter

amprgen ciljter — Mon, 11 Jun 2007 19:13:12 +0000

wndrxkf rjthza kqrzinxsu uqodshvzx pqkniytx scjfidmkq enlo

By: Mike Readman

Mike Readman — Thu, 17 May 2007 17:43:29 +0000

“The one who helped me (she was referered to as a Kiwisaver expert) was a devastating combination of intelligence and beauty.”

Who works for the government? Rare!!! Just look at Helen Clark.

By: Zippy Gonzales

Zippy Gonzales — Thu, 17 May 2007 10:38:36 +0000

DPF, how does one pronounce OBEGAL? Is it Oh Beagle, Oh Beg All, Obe Gal..?

By: tauheinotts

tauheinotts — Thu, 17 May 2007 10:12:59 +0000

Sorry it is posted three times. I have as much knowledge of computers as I have of the intricate detail of the Budget.

By: Oswald Bastable

Oswald Bastable — Thu, 17 May 2007 10:11:20 +0000

“A few media types joke with me about lowering the standards with bloggers being allowed in.”

Perhaps I need an invite- I have both pistols and sword- plus a bullwhip to deal with lesser persons such as insolent journos or finance ministers…

By: tauheinotts

tauheinotts — Thu, 17 May 2007 09:40:10 +0000

Okay. All very good.
Now, let’s get down to the detail, for that is where the devil resides.
1. Company makes $1000, pays $300 tax and distributes a $700 dividend. Can that company call upon its Imputation Credit Account to impute that dividend at 33%. That is, can it attach $344.78 imputation credits to that dividend?
2. What impact will these changes have on the Foreign Investment Tax Credit regime?
3. The tax credits for employers’ contributions to Kiwisaver; What will be the impact of them to a company that, say, made $30,000 but had tax losses brought forward of $70,000?
4. What is the impact of Kiwisaver on shareholder employees of closely held companies?
5. Will Kiwisaver money due to the estate of a person who died before reaching the age of 65 have unpaid Student Loans deducted from it?
6. Will Kiwisaver money due to the estate of a person who died before reaching the age of 65 have unpaid fines deducted from it?
7. Will the exemption figure in the Administration Act for an estate not needing probate to be obtained be lifted, now that the Kiwisaver scheme will have some impact upon people’s net assets that die before age 65?
I thought that those questions will be put to me tomorrow from interested people, but I have no idea how to answer them. Hopefully some knowledgable person on this blog will know. I would have loved to put the questions to Treasury’s intelligent sex kitten that David referred to.

By: tauheinotts

tauheinotts — Thu, 17 May 2007 09:38:35 +0000

By: tauheinotts

tauheinotts — Thu, 17 May 2007 09:35:53 +0000

By: Clint Heine

Clint Heine — Thu, 17 May 2007 09:11:19 +0000

What were NZUSA people doing there? Were they guests of Labour? They couldn’t possibly be there because they represent the views of all students.

By: Selma Bouvier

Selma Bouvier — Thu, 17 May 2007 08:24:30 +0000

$133.4m for 702 extra Year 1 teachers to bring the teacher to pupil ratio down to 1:18 by the start of the second term in 2008;

Key says its all a ‘money go round’

By: Keith Ng

Keith Ng — Thu, 17 May 2007 07:32:12 +0000

Great stuff, David.

I got lucky the first time I went to a lock-up – renovations in the Beehive meant that we had to have it at the stadium, where they served fantastic food. The food at the Beehive is, unfortunately, pretty mediocare by comparison.

Anyway, good to have a blogger on the frontline, and your effort is appreciated.

By: Clueless

Clueless — Thu, 17 May 2007 06:20:14 +0000

http://www.youtube.com/watch?v=fAQlNtHLbWk

By: Graeme Edgeler

Graeme Edgeler — Thu, 17 May 2007 03:48:42 +0000

With Stuff pages dying after a while I can’t find last year’s version, but doesn’t this lock-up story:

http://www.stuff.co.nz/4063082a10.html

have a large number of similarities to last year’s?

“The tables are full and friends who wanted to sit with their mates find they should have arrived earlier. The best seats in the house are long gone.

The magic hour arrived and lots of class helpers quickly circulated the room, handing out the exam papers – err, the Budget.

These days Budgets are not quite what they used to be. Once full of secrets that would determine the price of cigarettes and alcohol, nowadays all the big stuff emerges weeks earlier.

Still, a buzz ran through the hall as around 200 brains quickly clicked on and began reading. Little gasps broke the silence as the implication of some policy change was gulped down. Keyboards began clicking as reporters facing deadline pressures boiled down a vast volume to 800 words.

…

It all was all so anti-climactic. Every journalist loves to break a big story – and while we sit here, tied to our tables, we are in possession of major state secrets. We cannot phone anybody but if we could, what would we say?

The truth is, unless you are one of those seventh form economic students, this is not a great conversation stopper.”