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Peter Thiel only spent 12 days in NZ before being granted citizenship

newshub.co.nz

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Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#41

Post by Bakary »

raleighm wrote: post #39
Bakary wrote: post #28

Earlier quoted context omitted.

There's no evidence to suggest that Thiel's presence will increase that marginalization, or if Thiel is actually interested in decreasing it in the first place.

"or if Thiel is actually interested in decreasing it in the first place" So, even if hypothetically there were increased marginalization, it would only matter if it were against Thiel's intention?...

No, I simply mean that not only is there nothing to indicate that Thiel's presence will marginalize anyone, but also that Thiel himself doesn't seem likely to engage in any behavior that would marginalize anyone. Therefore the probability of it happening seems quite low.

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#42

Post by Steeeve »

pavlov wrote: post #33
Steeeve wrote: post #30

He's probably one of their 5 richest citizens at this point. Why would they not seize the opportunity to increase their tax base?

Most likely he doesn't pay personal taxes to NZ. If he still retains his American citizenship, the IRS expects him to file there.

There's a wider view of things than just personal taxes.

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#43

Post by raleighm »

Bakary wrote: post #41
raleighm wrote: post #39

Earlier quoted context omitted.

"or if Thiel is actually interested in decreasing it in the first place" So, even if hypothetically there were increased marginalization, it would only matter if it were against Thiel's intention?...

No, I simply mean that not only is there nothing to indicate that Thiel's presence will marginalize anyone, but also that Thiel himself doesn't seem likely to engage in any behavior that would marginalize anyone. Therefore the probability of it happening seems quite low.

Got it.

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#44

Post by CamperBob2 »

raleighm wrote: post #36
mankash666 wrote: post #5

However controversial Thiel may be, there's no arguing the benefits his citizenship grants NZ. If millions of $$ of investment and hundreds of jobs created don't qualify him for citizenship, there's a fallacy needing fixing. FYI - the US grants green cards to foreigners who invest $1M in new American businesses, NZ probably has an unwritten law that grants citizenship to those who stimulate it's economy

What's "fallacious" about the view that countries shouldn't issue citizenship for capital as an investment vehicle might shares? (Incidentally, pointing to the mere existence of somewhat analogous programs elsewhere in the attempt to justify the grant literally is fallacious. Inferring an ought from an is.)

Why shouldn't they?

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#46

Post by cultureulterior »

lukasben wrote: post #7

That's so f * up! Money can buy you everything. Even a citizenship. The NZ-gov should asked themselves why a close Trump supporter and VC is looking for a safe haven outside of the US. Will this person really add value to the society? Or will he build a massive mansion with a wall around it and an airport?

If buying citizenships was illegal, the pressures that causing citizenship purchases would not go away. They would just become an incentive to more corruption.

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#47

Post by sytelus »

lukasben wrote: post #7

That's so f * up! Money can buy you everything. Even a citizenship. The NZ-gov should asked themselves why a close Trump supporter and VC is looking for a safe haven outside of the US. Will this person really add value to the society? Or will he build a massive mansion with a wall around it and an airport?

Virtually every developed country allows purchase of citizenship: http://www.econmatters.com/2016/07/the-price-of-citizenship-...

Re: Peter Thiel only spent 12 days in NZ before being granted citizenship

#49

Post by matt4077 »

pavlov wrote: post #33
Steeeve wrote: post #30

He's probably one of their 5 richest citizens at this point. Why would they not seize the opportunity to increase their tax base?

Most likely he doesn't pay personal taxes to NZ. If he still retains his American citizenship, the IRS expects him to file there.

If he spends the plurality of days of a year in NZ, he will pay taxes there, and those are deducted from his US tax return (which usually means no US taxes, considering most countries' taxes are higher than the US').

Granted that's assuming he actually has any meaningful personal taxable income, which is somewhat doubtful.

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