GRA Blogs

Articles by Matthew Gilligan

Winfiasco: Waiting for Mr Peters to decide

AUTHOR: Matthew Gilligan

POSTED: 24 September 2017

With election shenanigans in full flight, it appears we will suffer several weeks of grand standing and power playing as Mr Peters lists his demands and weighs his options.

I was going to run a webinar with Tony Alexander on 26 September reviewing the outcome of the election, and the likely implications for taxation and the economy. However, it seems pointless as we don't yet have a result and we would all be guessing.

I must say I would hope that Mr Peters would see that the largest volume of New Zealanders (46%) want National to have a fourth term, and given NZ First is a centre liberal party, these two things would rationally combine to see a National-NZ First government formed in the next couple of weeks. But I'm not holding my breath.

Bad blood from the last time Mr Peters crossed swords with National and a seemingly more erratic Mr Peters leads me to wonder if the people's will and NZ First's policy platform will play the central role in the decision-making, or whether personal agenda and past demons will raise their heads. If that were the case, we could instead see Labour and the Greens gaining an advantage, not on common policy grounds, but simply capitalising on Mr Peters' personal will to punish National for prior transgressions.

I hope he doesn't keep us waiting too long. And I hope this is about transitioning to stable government and the best result for New Zealand and NZ First. Time will tell but Tony and I will look at the outcome once we have it in two weeks, so we are deferring the webinar until Thursday 12 October.

Request a Meeting

Matthew Gilligan
Director

09 522-7955

mg@gra.co.nz

© Gilligan Rowe & Associates LP

Did you like this article? Subscribe to our newsletter to receive tips, updates and useful information to help you protect your assets and grow your net worth. We're expert accountants providing expert advice to clients in NZ and around the world.

Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.

Comments

Testimonials

I have recently began using GRA as our accounting service, and they are by far the best I have used. They are not only on time, but efficient and work with you to understand your position. It is difficult to find such a good accounting company, but the team go over & above- its not just about the numbers! Would highly recommend to anyone looking for a new accountant, or wanting to change from an exisiting one!

- Pranav, September 2022

We can help

Here's how

Investing in residential property?

Put this at the top of your reading list.

If you're investing in residential property, seeking to maximise your ability to succeed and minimise risk, then this is a 'must read'.

Matthew Gilligan provides a fresh look at residential property investment from an experienced investor’s viewpoint. Written in easy to understand language and including many case studies, Matthew explains the ins and outs of successful property investment.