60 Minutes

Rachel Smalley thinks white privilege causes journalists to commit crimes

Rachel Smalley is consumed by guilt. She writes a cri de coeur about how white privilege is causing journalists to commit crimes.

But first she thinks it is the audience’s fault for daring to watch what they serve up. She thinks it is the viewers’ fault, not the networks.

You may have heard over the weekend the Australian 60 Minutes crew gave an interview after arriving home from Lebanon.

Journalist Tara Brown spoke about the botched attempt to snatch two children from their Lebanese father so they could return to Australia with their mother.

And judging by the interview, the 60 Minutes crew and broadcaster Channel 9 believe they were in the right. Still. They still believe that.

What happened in Lebanon – in part – is the result of a contracting media.

Budgets have been slashed, current affairs programmes are doing what they can to survive, but inevitably corners are cut. Decisions are made in lieu of comprehensive risk assessments because the push is on to make top-rating TV, and make no mistake, this was a story that would have made great TV. ? Read more »

Photo Of The Day

Photo:Bettmann/Corbis

Photo:Bettmann/Corbis

Who Wants to Impersonate a Billionaire?

Few figures in American life have generated as much wild speculation as the eccentric?Howard Hughes. So the announcement in 1971 that McGraw-Hill and?Life Magazine were about to publish an autobiography of the billionaire hermit naturally incited a media frenzy. The book promised a gloriously lurid tale of money, movie stars, big business, heroic aviation feats, conspiracy theories, plus plenty of bizarre personal habits. Hughes’s autobiography was to be written with the assistance of the writer Clifford Irving, who somehow had managed to secure the paranoid recluse’s trust. Irving claimed he met secretly with Hughes more than a hundred times in Mexico and the Bahamas to tape-record his life story.

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Well, the Tesla is just too boring

Hollywood?s super villain … a role he always wanted to play

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Bill Gates 2.0 – Philanthropy by a filthy capitalist

Why are glasses getting more expensive? Have a look…

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Legitimate Tax Avoidance – Ngai Tahu

The political left are harping on about Peter Dunne’s call of “legitimate tax avoidance” so I have found an example for them.

Most of Ngai Tahu’s operations are through a charitable trust structure. ?Charities are legitimate tax avoidance tools. ?If you are a rich prick you are of course accused of “evading tax” but if you are a rich Maori tribe you are considered well within your rights to set up as charitable even though you do not distribute much of your fortune at all to any beneficiaries other than the brotocracy.

Note the 17.5% rate so the company acts as a look through for income in the hands of its low earning recipients. ?A bit like income handed to beneficiaries of any normal trust.

Ngai Tahu kaiwhakahaere (chair) Mark Solomon says: ?Te Runanga o Ngai Tahu adhere strictly, at all times, to the law governing charitable entities.

?The Ngai Tahu Charitable Trust has an annual process where all our expenditure and operations are assessed to ensure they are ?charitable?. Tax is paid on any expenditure or operations that are not charitable.?

Didn’t hear Guyon Espiner call this legitimate tax avoidance immoral?

 

So Secret You Could Google It

Guyon Espiner went on and on for far too long on 60 Minutes about New Zealand housing “secret trusts” and being some sort of secret tax haven. Silly lefties have jumped all over it. They forget that New Zealanders cannot take advantage of any of these laws.

Anyone wondered though while watching how Espiner could sit at his computer and google links from the Companies Office that showed an offshore director from a holding company was a member of a wealth family in the deepest darkest parts of South America?

The companies register is so transparent Espiner searched it himself. In the meantime proving himself to be completely wrong. If a journalist can find the identity of people involved in this activity from the comfort of their office then it cannot be that secret can it?

 

So Secret Australia Gets A Special Box

Another myth from Guyon Espiner’s hack job on the offshore industry from Sunday’s 60 Minutes ?is that Australia is screaming at New Zealand over ?its Foreign Trust law. ?A New Zealand accountant at a Big Four firm sent this to me.

Discussing Australia is a complete red herring as the declaration form requires agents to tick a box if the settlor is Australian. Peter Dunne should have said that.?Here is the IRD reference IR607.??You would have to be a wee bit thick to think the IRD computer did not spit that straight away to the ATO at the tick of a?box 3. ?Espiner conveniently overlooked this. ?

 

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.

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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.

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