Kosher?

1 Oct

From ICC’s 2012 Annual Report (page 182)

kiwi

Questionable if you ask me…

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3 Responses to “Kosher?”

  1. interesting October 1, 2013 at 10:15 am #

    Classic tax structuring by the looks of it, would be interesting to see how robustly ICC and Kiwi Speakers expenses are apportioned where travel/accommodation etc… clashes

    What is even more interesting is this:
    http://www.stuff.co.nz/southland-times/news/9104711/Mayor-silently-put-on-airport-board

    “never been a Director of anything”,

    the Companies Office would suggest Tim has been a Director since 2002, and he would find the obligations under company law apply equally, it is concerning the airport has a Director who doesn’t know what the definition of Director is!

    • Kylie October 1, 2013 at 10:25 am #

      If it’s classic tax structuring, does that mean Tim can charge up ‘ladies of the night’ on the ICC credit card and ICC respond by generating an invoice to get back the money as ‘services rendered’ and Tim can deem it as part of his Kiwi Speakers work and the Kiwi Speaker company pays for his ‘entertainment’ (purely hypothetically of course)…?

      • Philip.T October 1, 2013 at 10:35 am #

        Interesting to put the appointment policy besides Tims appointment and see how little notice they paid to it. The board appointment was a trade off to stop Tim standing for the ILT. Last year he mentioned he would stand several times.
        Kiwi Speakers was set up so Tim could get any money generated from speaking to various groups straight into his pocket. Past practice and still the practice around much of the country is the mayor is paid by council to represent their city and any money generated by public appearances goes back to council coffers.
        Just further examples of how the notion of public service in Invercargill has degenerated into every man for himself. There is plenty of money out there so lets go get it.

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