Reader Comments on Aardvark Daily 26 Oct 2000

From: Richard
For : The Editor (for publication)
Subj: R&D, Taxation, et al.

You know it feels like all I've heard since this
Government/Business summit about proposed tax
incentives/breaks/yet more hollow promises/bribes is a
veritable flood of comments from Tax Accountants, Lawyers,
Treasury groupies and the like pointing out all the
possible pitfalls, loopholes and so on.  How New Zealand
entrepreneurs are a lot of wannabe tax-cheats and "Oh no,
we can't do that - it could cost us $100 million in [tax]
revenue a year" gee whizz, as opposed to the billions we
[NZ] could be making anually?

So here's my question:

If these ideas are SO VERY BAD (seemingly because our
legislators and those employed in the tax department and
treasury are incapable of competently drawing up a set of
workable, "low-loophole" laws and guidelines), then why can
we not copy the examples set and used quite satisfactorily
in about a dozen of the most successful nations on Earth?

Or would that be too hard?

God only knows what the heck we pay these people for...

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