The Truth Will Out

The utter hypocrisy of the Labour party and Phil Goff has been laid bare, not by a repeater, but by a blogger. While Pinko Farrar, Mr Taupe, did a once over lightly including the obligatory cut and paste of Phil Goff’s brain fart it is Cactus Kate that tears apart the central tenet of the brain fart.

Seat Warmer has defined in this speech all trusts and company structures from an individual as avoidance. Yet Parliament intended for companies, trusts and individuals to be taxed at different rates. So how can any action to set up a company or trust even if for tax reasons be one of tax avoidance?

Which is a silly premise to base you speech upon especially when the details of every MPs pecuniary interests are publicly available.

Why a repeater could have done what Cactus has done is beyond me as she tells me that she wrote her post while exceptionally drunk stone cold sober [Good God, she is going to gut me like a trout, personally I blame the drugs]

And let’s look at all the privileged few of the Labour party as Phil Goff describes anyone who use “Loopholes that allow high income earners to avoid tax have to be closed. Too many people on good incomes avoid and evade paying taxes. It?s not right that some top earners pay a lower percentage of their income in tax than those on the average wage”.

Rick Barker
Barker Family Trust
Upton Family Trust

Brendon Burns
BP and PL Burns Family Trust
PL and BP Burns Family Trust

Steve Chadwick
Gonzo Family Trust

Charles Chauvel
Kittery Trust
Pepperrell Trust
Victory Trust

Helen Clark
Burke Trust
FG Clark Family Trust

Clayton Cosgrove
Eagle Bay Family Trust
September Trust (blind trust)

David Cunliffe
Bozzie Family Trust

Kelvin Davis
Davis Family Trust

Parekura Horomia
Panikau A2
Mangatuna 3, 4, 5, 7 and 8
Mangaheia 1B3Y and 2G1
Tokomaru K4A and K4B1 ? trustee
Tuatini Maori Township section 1 block vi lot 2
Rosaleen Aorangi Smith Whanau Trust

Raymond Huo
Chesterfields Trust (family trust)

Shane Jones
Victoria & Benecia Limited ? property ownership
Ngakuraiti Enterprises Limited ? professional services
Castlerigg Limited ? property development
Jondal Properties ? property investment
Te Puna o Te Anaru Trust
Castlerigg Trust

Annette King
King-Lind Family Trust

Nanaia Mahuta
Mahuta Wh?nau Trust

Trevor Mallard
Tomorrow?s Trees Limited ? forestry, community company

Sue Moroney
SR Vugler and SM Moroney Farm Partnership

Stuart Nash
Agincourt Investments Limited ? investment, consultancy
Nash Family Trust

David Parker
Karitane Trust
Sue Wootton Family Trust
FD Parker Children?s Trust
Tarras Trust

Lynne Pillay
The Pillay Trust

Mita Ririnui
Ririnui-Calhoun Family Trust
Te Aomihi Anne Ririnui-Horne Family Trust
Riripiti Timi Waati Lands Trust
Te Arawa Lakes Trust
Ngati Awa M?ori Trust Board
Pukeroa Oruawhata Lands Trust

Ross Robertson
The Robertson Family Trust

Su’a William Sio
Win-Win Investments Limited ? property

Whoopsy, own goal. Is Phil Goff seriously going to ask his own MPs to refrain from legitimately structuring their affairs to mitigate unconscionable rates of taxation? Well is he? Every half decent repeater should be asking that question.

Cactus has literally torn apart all of Goff’s “soak the rich” rhetoric and jammed back into his throat via his arsehole.

I’ll leave the last words to Cactus Kate.

These Labour MP’s are all taxed on their MP salaries at the top tax rate of 38 cents in the dollar, they are however according to Seat Warmer, using loopholes (legitimate tax structuring) just like the top 100 “rich pricks” in New Zealand to avoid paying 38 cents in the dollar on other income.

Seat Warmer has defined in this speech all trusts and company structures from an individual as avoidance. Yet Parliament intended for companies, trusts and individuals to be taxed at different rates. So how can any action to set up a company or trust even if for tax reasons be one of tax avoidance?

Seat Warmer will have to either equalise the rates, or the IRD will be a hell of a lot busier under his regime. He has mis-used the word “avoid” in this speech relating to tax. Avoidance is defined in NZ law and not legitimate behaviour.

When you realise however that only 10% of taxpayers are paying 76% of the tax, and your Party is on the centre-left, I guess it was a good speech appealing to your bludging supporters and their envy of your “rich prick” opponent.

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