holy ravioli Posted August 30, 2023 Posted August 30, 2023 I was overseas earlier this year. I was surprised to find that around late June I was prevented from placing bets by the NZ TAB using my TAB a/c. They had a message to contact the TAB in NZ.Haven't done so yet. Todays policy announcement by the Natz on how they were going to raise $14 billion to pay for their 'cuts' included this Ripley's 'believe it or not'...heroic projection.-'$179 million on average per year from closing a tax loophole and ensuring offshore operators delivering online gambling to New Zealanders, pay tax.🙄 Quote
Chief Stipe Posted August 30, 2023 Posted August 30, 2023 12 minutes ago, holy ravioli said: I was overseas earlier this year. In Davos for a World Economic Forum. Quote
holy ravioli Posted August 30, 2023 Author Posted August 30, 2023 7 minutes ago, Chief Stipe said: In Davos for a World Economic Forum. No Bilderberger Grp meeting in...Lisbon-May this year. Quote
Chief Stipe Posted August 30, 2023 Posted August 30, 2023 7 minutes ago, holy ravioli said: No Bilderberger Grp meeting in...Lisbon-May this year. What disguise did you wear? Obviously left the red star cap behind. Quote
Chief Stipe Posted August 30, 2023 Posted August 30, 2023 13 hours ago, holy ravioli said: included this Ripley's 'believe it or not'...heroic projection.-'$179 million on average per year from closing a tax loophole and ensuring offshore operators delivering online gambling to New Zealanders, pay tax. Isn't that exactly what Labour have promised TABNZ and ENTAIN? Quote
holy ravioli Posted August 30, 2023 Author Posted August 30, 2023 14 hours ago, Chief Stipe said: What disguise did you wear? Obviously left the red star cap behind. I keep a low profile...slip in wearing a Sherlock Holmes hat...and a...pipe. Quote
holy ravioli Posted August 30, 2023 Author Posted August 30, 2023 1 hour ago, Chief Stipe said: Isn't that exactly what Labour have promised TABNZ and ENTAIN? Read it and...weep... 'Minister for Racing Kieran McAnulty and Revenue Minister Barbara Edmonds are furthering their claim there is a sizable mistake underpinning National's tax plans - a centrepiece of the policy it will take to the October 14 general election. National promised to close what it called a tax loop by charging online casino gambling providers based offshore, to pull in $179 million a year. McAnulty then said not only was the tax already in place, the plans were overcooked by about $130 million, because the tax take from this was now $40m to $50m. Quote
Chief Stipe Posted August 30, 2023 Posted August 30, 2023 52 minutes ago, holy ravioli said: Read it and...weep... 'Minister for Racing Kieran McAnulty and Revenue Minister Barbara Edmonds are furthering their claim there is a sizable mistake underpinning National's tax plans - a centrepiece of the policy it will take to the October 14 general election. National promised to close what it called a tax loop by charging online casino gambling providers based offshore, to pull in $179 million a year. McAnulty then said not only was the tax already in place, the plans were overcooked by about $130 million, because the tax take from this was now $40m to $50m. So McAnulty lied previously as did TABNZ about the potential returns? You can't have it both ways @holy ravioli . $130m over $4.6billion is 2.8%. Perhaps better to look at it a different way. Government bonds and Treasury bills on issue are now 75% higher than 2019 (worse if we go back to the start of this Labour Government). Core Crown borrowing has doubled in 4 years to $196billion!!!! It is projected to worsen once we see the books on 12 September. Now the kicker the interest costs are now over $6billion or 16 million a day. So $130m represents just over a week in Labours interest costs on the debt borrowed. Time for you to read and weep!!! 1 1 Quote
holy ravioli Posted August 30, 2023 Author Posted August 30, 2023 10 minutes ago, Chief Stipe said: So McAnulty lied previously as did TABNZ about the potential returns? You can't have it both ways @holy ravioli . $130m over $4.6billion is 2.8%. Perhaps better to look at it a different way. Government bonds and Treasury bills on issue are now 75% higher than 2019 (worse if we go back to the start of this Labour Government). Core Crown borrowing has doubled in 4 years to $196billion!!!! It is projected to worsen once we see the books on 12 September. Now the kicker the interest costs are now over $6billion or 16 million a day. So $130m represents just over a week in Labours interest costs on the debt borrowed. Time for you to read and weep!!! Direct me to McAnulty's lie please. Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 45 minutes ago, holy ravioli said: Direct me to McAnulty's lie please. So you agree with the rest of my post or are you waiting for another Labour Party press release? Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 56 minutes ago, holy ravioli said: Direct me to McAnulty's lie please. Do you honestly believe that on race and sport betting alone there is on $38m spent offshore by New Zealanders? Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 23 minutes ago, Chief Stipe said: Do you honestly believe that on race and sport betting alone there is on $38m spent offshore by New Zealanders? Can you direct me to McAnulty's lie or ...not? Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 1 hour ago, Chief Stipe said: So you agree with the rest of my post or are you waiting for another Labour Party press release? You need to back this up too...'Core Crown borrowing has doubled in 4 years to $196billion!!!! I suspect you have Brodies disease of making shit up.👺 1 Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 12 minutes ago, holy ravioli said: You need to back this up too...'Core Crown borrowing has doubled in 4 years to $196billion!!!! I suspect you have Brodies disease of making shit up.👺 I read it in the NZ Herald so it possibly might not be true. https://www.nzherald.co.nz/business/nation-of-debt-govts-seismic-borrowing-is-coming-at-a-huge-cost/EVYPNHJPQVFHNPLLEWYUH36XJY/#:~:text=All up%2C core Crown borrowings,per cent in May 2023. Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 1 hour ago, holy ravioli said: Can you direct me to McAnulty's lie or ...not? That's what McAnulty said - revenue from betting overseas on racing and sport is $38m. Sounds a bit light to me. Hell half of that is @Brodie 1 Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 8 minutes ago, Chief Stipe said: I read it in the NZ Herald so it possibly might not be true. https://www.nzherald.co.nz/business/nation-of-debt-govts-seismic-borrowing-is-coming-at-a-huge-cost/EVYPNHJPQVFHNPLLEWYUH36XJY/#:~:text=All up%2C core Crown borrowings,per cent in May 2023. That link is paywalled...does it say core crown debt is $196billion? Quote
curious Posted August 31, 2023 Posted August 31, 2023 2 hours ago, holy ravioli said: That link is paywalled...does it say core crown debt is $196billion? New Zealand’s total gross debt continues to expand and break new records. Liam Dann Liam Dann 1506 words 24 July 2023 The New Zealand Herald NZHLD A018 English Copyright 2023 NZME Publishing Ltd. New Zealand’s total gross debt continues to expand and break new records. In our annual Nation of Debt series, we tally all the nation’s debt statistics, from across the private and public sectors. This year we’ve hit a grand total of $790 billion. That’s up from $739b last year — a relatively subdued increase of 7 per cent. But that’s now an average of $151,000 in raw debt for every Kiwi. Since the series began in 2016 that total nominal figure has ballooned by 60 per cent — from $492.5b. Quote
curious Posted August 31, 2023 Posted August 31, 2023 It’s no secret that the massive scale of government stimulus through the pandemic has seen core Crown borrowing surge in nominal terms. It was up another 17 per cent in the year to May 30 — to $193.63b. Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 Where does the SOE/QUANGO debt get reported? Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 2 hours ago, Chief Stipe said: Where does the SOE/QUANGO debt get reported? So you are wrong..again!🤣 Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 1 hour ago, holy ravioli said: So you are wrong..again!🤣 About what? Turns out the debt is MORE than I said not less. Have you revised your Key Government GDP growth rate figures? Geez the reds are in for a hiding this election. Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 8 minutes ago, Chief Stipe said: About what? Turns out the debt is MORE than I said not less. Have you revised your Key Government GDP growth rate figures? Geez the reds are in for a hiding this election. At least you are admitting that you are WRONG.Facts/accuracy counts...you should have learned from Brodie and it appears..you ..haven't. Quote
Chief Stipe Posted August 31, 2023 Posted August 31, 2023 9 hours ago, holy ravioli said: At least you are admitting that you are WRONG.Facts/accuracy counts...you should have learned from Brodie and it appears..you ..haven't. Wrong? I understated the debt figures because I cited an older figure that has since grown significantly. Quote
holy ravioli Posted August 31, 2023 Author Posted August 31, 2023 2 hours ago, Chief Stipe said: Wrong? I understated the debt figures because I cited an older figure that has since grown significantly. So what are the 2 figures you cited then? Quote
mikeynz Posted September 13, 2023 Posted September 13, 2023 On 8/30/2023 at 7:14 PM, holy ravioli said: I was overseas earlier this year. I was surprised to find that around late June I was prevented from placing bets by the NZ TAB using my TAB a/c. They had a message to contact the TAB in NZ.Haven't done so yet. Todays policy announcement by the Natz on how they were going to raise $14 billion to pay for their 'cuts' included this Ripley's 'believe it or not'...heroic projection.-'$179 million on average per year from closing a tax loophole and ensuring offshore operators delivering online gambling to New Zealanders, pay tax.🙄 It's mad that you can't bet on NZ TAB if you are overseas, especially if you are a NZ citizen, why, I would like to know. Quote
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