3. What is it that you hate the most about the city or town that you live in?

What is it that you hate the most about the city or town that you live in?

Interesting, I hadn’t heard about that.

New Zealand is already a pretty shit place to start a company, so this capital gains tax doesn’t sound good.

I’m from New Zealand but have been living overseas for 10 years, with a stint at a startup in Silicon Valley.

It’s also really easy to start a company in the US and open a business bank account (thanks to Stripe Atlas and others.) I can do it while traveling around Europe and Asia. NZ founders can also get in YC or another accelerator, and move their company to the US. I don’t know why anyone would be tempted to build a tech startup in NZ. Especially with a CGT. But hopefully it would be similar to the US, where you pay 15% tax on long-term gains. Or even exclude startups and small businesses, and only apply it to real estate.

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