When the NZ Herald tells you that this new investment vehicle is going to make is so much easier for private equity companies and venture capital investors, and that NZ is the one the freest countries to do business in and they want make it even freer than you could translate that into: We would like to make this already dangerously naive country even freer for predatorial investors to invest in and plunder.
The heritage foundation and the Wall street journal, right wing think tank and Murdoch newspaper are preparing New Zealand for the plunder they have in mind if John Key gets elected. They plundered America and now they are coming for us.
The 2008 Heritage Foundation/Wall Street Journal Index of Economic Freedom ranks New Zealand’s economy as the world’s sixth most free, based on categories such as property rights, business freedom and the labour market, and New Zealand obtained the highest ranking for business freedom, with a score of 99.9 per cent.
The work which has been undertaken to further shape New Zealand’s new limited partnership regime, due to come into force on April 1, should contribute to us keeping and maybe improving this ranking.
The select committee improvements to the Limited Partnerships Bill released in December in response to public submissions, fine tune the proposed regime and bring it more into line with international practice.
Limited partnerships are used readily in other jurisdictions such as the US, Britain, Canada, Australia and the Channel Islands, primarily as investment vehicles. Limited partnerships are the most popular choice for private equity and venture capital investment.