It doesn’t matter who owns what

Bill English has announced a review of overseas investment rules.

The aim is to simplify them to make investment more attractive to foreign owners while protecting sensitive land, assets and resources.

That sounds sensible to me. It creates a bigger market with safeguards.

No doubt there will be howls of protest from people opposed to foreign ownership.

Funny how they don’t seem concerned about New Zealanders owning land and businesses in other countries.

But who owns what isn’t important, it’s what they’re permitted to do with it that matters.

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