As Tim has previously reported here, New Zealand’s National Government (pseudo Republican Conservative lite equivalent) introduced Legislation to implement a FATCA IGA, the U.S. Democrat’s liberal ideological global agenda.
Strange bed-fellows and alliances are formed when the U.S. resorts to global extortion to impose its will!
The FATCA IGA round up of New Zealand continues in stealth like many other countries in the world.
This Bill has been met by resounding silence in the mainstream NZ media. They, like the USA, seem to have NO interest in taxation matters that might bother their distracted entertainment or sport consumed audience. Besides, Kiwis are used to auto tax deductions and reporting. What is one more?
The only NZ publication where I have noted this FATCA IGA story, is in Interest.co.nz . That only got 4 comments. There was also one blog that Badger discovered.
The first reading of this Omnibus Tax bill, the sneaky way parliamentary governments get a lot of revenue matters past without much notice or debate, is today.
Kiwi Osgood, a contributor to many good discussions like here and here, as written an email today to Labour Opposition Leader, David Cunliffe addressing his concerns and questions about this shameful legislation being introduced by Revenue Minister Todd McClay:
Dear Mr Cunliffe
I have written to you previously on the subject of the US Foreign Account Tax Compliance Act (FATCA) and it’s effect on New Zealand and it’s Citizens. This one page summary provides a brief overview.
Shamefully, our government is negotiating an Intergovernmental Agreement (IGA) with the United States to implement this extraterritorial law in New Zealand, at great cost to the New Zealand taxpayer and even greater cost to those New Zealand Citizens unfortunate enough to have a US “connection” (Born there, has a US parent or is/was a Green Card holder). Continue reading