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NZ rejects Capital Controls

 
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Author NZ rejects Capital Controls
rffrydr
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PostPosted: Tue Apr 17, 2007 9:49 pm    Post subject: NZ rejects Capital Controls Reply with quote

Interview with Prime Minister, Helen Clark:

http://www.cnbc.com/id/15840232?video=259471670&play=1

Strategy to raise value of exports. From "Albania" to....
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HenryTo
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PostPosted: Thu May 17, 2007 2:24 pm    Post subject: Reply with quote

Here is one Aucklander's view on the topic:

http://pc.blogspot.com/2007/05/clark-government-says-no-to-wealth.html
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diesel
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PostPosted: Thu May 17, 2007 2:09 am    Post subject: Reply with quote

Meanwhile the squeeze on the middle class continues. In New Zealand almost everything is inflation adjusted with the exception of the income tax brackets. The result is more and more income of the middle-class falls in the top tax bracket of 39%. Government redistributes this to there voter base comprised of the lower class + unions and continues to build a bloated bureacracy that is hindering private + public capital to the point that it is almost impossible to get anything done, easier to just jump the ditch to Australia but even there things arent much better. The rich avoid the top tax rate with trusts, structured companys etc. The middle class are hurting, that I can see first hand. Funny thing is without them the system in its current form wont survive IMO. Down under you say, a fitting description for New Zealand.
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rffrydr
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PostPosted: Wed May 16, 2007 11:15 pm    Post subject: Reply with quote

Finance Minsiter M. Cullen stays on message and empahsizes savings over threatened mortgage controls:

http://www.bloomberg.com/apps/news?pid=20601081&sid=a8rgUb6m1mTg&refer=australia
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