60 Minutes, TV3, Mediaworks and Their Own Legitimate Tax Avoidance

On Sunday night 60 Minutes and TV3 produced a tabloid piece of churnalism on the offshore industry.

In closing Espiner did revert to the pathetic leftist view that while all of what he repeated is legal and there is no evidence that there are any laws broken there is a “moral” issue.

Default position for a journalist really after hours of research over a month leading nowhere.

Everything in life when you are losing spectacularly at law can be negotiated back to a position of morality. If this is the case of coming down to a moral argument then I ask how much tax has say Mediaworks, owners of TV3 paid?

Oh that’s right, they reverted to taking $43 million+ GST “loan” directly from the taxpayer at a rate of 11.2% instead to pump up a member of their Group when in a tax dispute with the IRD.

;

Morality?

When it suits chaps. Provision for that tax owing of $22.1 million in settlement has already been taken in their reporting

Tell me how accepting corporate welfare to prop up your business over your competitors and participating in complex tax structuring yourselves is more “moral” than using legislation that has been around since 1988 and survived three terms of Helen Clark?

TV3 will not have to. I am sure the NZ Herald will follow up and make this point for us all.


Do you want:

  • Ad-free access?
  • Access to our very popular daily crossword?
  • Access to daily sudoku?
  • Access to Incite Politics magazine articles?
  • Access to podcasts?
  • Access to political polls?

Our subscribers’ financial support is the reason why we have been able to offer our latest service; Audio blogs. 

Click Here  to support us and watch the number of services grow.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

48%