Mahesh Muralidhar: Phase One Ventures CEO on the changes to the Foreign Investment Fund
There are hopes proposed changes to the Foreign Investment Fund will boost our own productivity. The changes will allow new migrants to be taxed on a realisation basis for interests not easily disposable and acquired before coming to New Zealand. Revenue Minister Simon Watts says the legislation for this will likely be introduced in August. Phase One Ventures chief executive Mahesh Muralidhar told Andrew Dickens there are also opportunities to transfer skills from migrants to our entrepreneurs. He says it allows for more Kiwis to start investing and playing a global game, which is the main thing we need to do to be more productive. LISTEN ABOVE See omnystudio.com/listener for privacy information.