This video from the US about "leveraged buyouts" and their consequences has a familiar ring to it. There is no capital gains tax in New Zealand, so that part wouldn't apply, but the rest is obvious enough. Would the same device - placing the debt on the company purchased - apply here? If it does, I wonder how much of the "investment" made in NZ is of this low and potentially destructive quality?
But it is actually about you Prime Minister
2 hours ago
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