Post by George Black Post by John Bowes Post by James Christophers
The RNZ 20 interview clip referenced in the article gigs deep into the devilish anomalies and contradictions inherent in a deal involving a supplicant NZ$500Billion island economy in thrall to a ravening NZ$2.13Trillion global whaleshark.
"Everyone agrees it's a rort." Thomas Goughlan.
Oh dear the pommie comic seems to be grizzling about somebody else doing better than he ever had dreams of doing.
Just how much damage is it likely to do for New Zealand and the new Zealand economy Keith? Or is that just another troll from the king of trolls?
Why then is his beloved political party currently in government sucking
up to 'international movie giants' ????????
For those with shorter memories than most, New Zealand's tax rebates have been favouring unimaginably wealthy foreign film companies and their fat controllers for more than 20 years.
Ten years ago, prior to the filming of The Hobbit, John Key received a coded red alert from Wellington Airport arrivals. He immediately dropped his pants, grabbed his ankles, bent over and braced himself. Unheralded, Warner Bros's heavies had flown in incognito to remind him and New Zealand once and for all just who the bosses of our film industry really are:
Warner Bros wanted more money through tax rebates plus an assurance that employment law "uncertainties" were cleared up to their advantage. They gained both -- a $20m tax break on top of the standard 15 percent rate - in the case of The Hobbit movies about $65m.
Simply another example of New Zealand as a price taker, never a price setter. In essence, a branch economy of the global corporate world in which New Zealand must make the best of it while successive governments do whatever it takes to keep its mega-rich patrons onside. T'will be ever thus, and all the justification and rationalisation in the world isn't going to change it one iota.