Rob Coneybeer: Shasta co-founder says New Zealand's tax laws are out of step and discouraging expat Kiwis and migrants from moving here

The Mike Hosking Breakfast

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An NZIER report finds New Zealand's inadvertently discouraging talented people from moving here.

Our current tax laws make expat Kiwis and migrants pay for the investments they made before coming here.

The rules impose tax on the paper value of those investments, even if they are still in start-up phase and not making any income.

Founder of US-based capital firm Shasta Rob Coneybeer told Mike Hosking the rules are out of step compared to other OECD countries.

“Among the returning Kiwi expat community, the talented people that can help build technology startups, this is something that people are very aware of and has had an impact over time.”

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