The Register of MP’s pecuniary interest came out today. And the clear winner has to be National Party MP Chris Tremain.
The Register reveals Tremain owns 19 different parcels of real estate.
I suspect that the financial arrangements mean he pays no tax on the capital gain on any of them, and never will.
Actually, looking through the register, most MPs own multiple properties, and are creaming it with what is essentially tax-free investment. Which is why most MPs (other than the Green ones who are motivated by principle, rather than pecuniary interest) resist to the hilt a capital gains tax.
Another initial observation of the Register (I’ll look at it in more detail in coming days) is that Roger Douglas has two investments in companies running the gambling industry that rips off the poorest and most desperate in our society.
Not a good look for any MP, from where I’m sitting.