1 00:00:00,080 --> 00:00:02,080 Speaker 1: On the tax front. We've got the seventy five million 2 00:00:02,080 --> 00:00:05,040 Speaker 1: set aside for foreign investment, the Golden Visa's money for 3 00:00:05,160 --> 00:00:07,280 Speaker 1: movies and subsidies the other day. But a tax treatment 4 00:00:07,320 --> 00:00:10,200 Speaker 1: around the shares of employees at startups. Tax partner at Deloitte, 5 00:00:10,280 --> 00:00:12,000 Speaker 1: Robin Walker's with us. Robin morning to you. 6 00:00:12,800 --> 00:00:13,319 Speaker 2: Good morning. 7 00:00:13,360 --> 00:00:15,079 Speaker 1: A lot of talk around key we Saber. Do you 8 00:00:15,160 --> 00:00:17,480 Speaker 1: expect to move well? 9 00:00:17,600 --> 00:00:20,640 Speaker 2: I think the Minister of Finance has indicated something. What 10 00:00:20,720 --> 00:00:23,480 Speaker 2: that is hard to tell. If I was to take 11 00:00:23,520 --> 00:00:25,960 Speaker 2: a punt at what it could be, it could be 12 00:00:26,040 --> 00:00:28,760 Speaker 2: something that the Tax Working Group recommended, which was to 13 00:00:29,800 --> 00:00:34,040 Speaker 2: refund the tax that comes off the employer contributions into 14 00:00:34,080 --> 00:00:37,440 Speaker 2: Kiwi Saver for low and middle income earners. That's what 15 00:00:37,520 --> 00:00:38,640 Speaker 2: I would pack us a change. 16 00:00:39,000 --> 00:00:40,640 Speaker 1: So the four and four could be right. 17 00:00:42,479 --> 00:00:44,160 Speaker 2: I'm not sure about the four and four. It could 18 00:00:44,159 --> 00:00:46,760 Speaker 2: stay three and three, but let's not tax the three 19 00:00:46,800 --> 00:00:49,639 Speaker 2: that the employer is putting in, and that will make 20 00:00:49,680 --> 00:00:51,600 Speaker 2: it that will make a difference to people's savings. 21 00:00:51,800 --> 00:00:54,680 Speaker 1: Means testing does that help or hinder? I mean depends 22 00:00:54,720 --> 00:00:56,240 Speaker 1: on what you're looking at. It saves their money, but 23 00:00:56,280 --> 00:00:59,160 Speaker 1: it means testing a possibility and does that change the 24 00:00:59,160 --> 00:01:01,760 Speaker 1: game in any great way. 25 00:01:01,840 --> 00:01:05,240 Speaker 2: Hard to say. I mean, it's really something where you've 26 00:01:05,240 --> 00:01:07,640 Speaker 2: got to look at as the compliance costs and all 27 00:01:07,640 --> 00:01:12,520 Speaker 2: the rigor that goes around means testing worth it? Possibly not. 28 00:01:12,840 --> 00:01:18,120 Speaker 1: Do you see depreciation as a major play today. 29 00:01:16,600 --> 00:01:19,800 Speaker 2: Well, it would be nice, but depreciation changes are actually 30 00:01:19,840 --> 00:01:23,080 Speaker 2: really expensive. Probably one of the things I'd say is, 31 00:01:23,240 --> 00:01:26,120 Speaker 2: I mean, this government likes to tweak around the edges. 32 00:01:26,520 --> 00:01:29,440 Speaker 2: What are things that are just annoying niggles that add 33 00:01:29,480 --> 00:01:32,880 Speaker 2: compliance costs reduce productivity. So you know, if they wanted 34 00:01:32,880 --> 00:01:35,480 Speaker 2: to do something simple around appreciation, you could look at 35 00:01:35,560 --> 00:01:38,400 Speaker 2: rules when you buy low value assets and make it 36 00:01:38,400 --> 00:01:41,280 Speaker 2: easier to just expense things. Currently there's a whole heap 37 00:01:41,319 --> 00:01:43,680 Speaker 2: of complicated rules that say, you know, if I buy 38 00:01:43,720 --> 00:01:46,679 Speaker 2: a chair that costs five hundred dollars, I can expense that, 39 00:01:46,760 --> 00:01:49,400 Speaker 2: But if I buy three cheers, I can't expense them. 40 00:01:49,440 --> 00:01:51,480 Speaker 2: I have to capitalize them if I buy them all together. 41 00:01:51,720 --> 00:01:54,400 Speaker 2: Things like that would be great to see those sorts 42 00:01:54,400 --> 00:01:56,080 Speaker 2: of rules. Tweet. 43 00:01:56,400 --> 00:01:59,840 Speaker 1: Are they pulling every lever that you can see for 44 00:02:00,200 --> 00:02:02,360 Speaker 1: you know, pro growth get this country off its knees? 45 00:02:02,400 --> 00:02:03,920 Speaker 1: Are they pulling everything they can. 46 00:02:04,840 --> 00:02:07,320 Speaker 2: They're definitely having a good look. The problem that we've 47 00:02:07,320 --> 00:02:10,320 Speaker 2: got is that tax changes through cost money as well, 48 00:02:10,360 --> 00:02:13,360 Speaker 2: so it's it's finding that balance between how do you 49 00:02:13,440 --> 00:02:18,000 Speaker 2: fund it and what actually makes the most difference. 50 00:02:18,840 --> 00:02:21,320 Speaker 1: All right, Robin, appreciate it. Good luck today, Robin Walker, 51 00:02:21,360 --> 00:02:24,760 Speaker 1: text partner at Deloitte. For more from the My Asking Breakfast, 52 00:02:24,919 --> 00:02:28,240 Speaker 1: listen live to news talks. It'd be from six am weekdays, 53 00:02:28,480 --> 00:02:30,520 Speaker 1: or follow the podcast on iHeartRadio.