纳税人被设局――出售国有资产令新西兰人损失惨重
工党领袖  大卫·谢尔 （David Shearer）


一个所谓的“次要决策”将使国家党得以出售我国电力企业一半以上的产值，却不用顾忌他们关于股份将留在新西兰纳税人手中的承诺。

工党领袖大卫谢尔指出，工党发现国家党的“混合所有制”议案以及与之相关的政府文件清楚表明：未来政府口口声声说要保住的51%股权将只针对表决权而言，而不适用于所有带股息的股票。

这样做的影响十分重大：意味着将来大笔可观收入可能落进只取股息的外国公司与投资者手中。从理论上说，不具投票权的股票是没有出售与转手的限制的――如此做法将稀释股息而使国库得到的收益少得可怜，同时却仍能在表面上符合政府所谓保住51%表决权的要求。

比如，如果国家分配给公司900股不具备表决权的股份和100股有表决权的股份，主管股份制的部长只需保证他手中能持有51%具有表决权的股份就可以，而不是指持有全部股份的51%。

这实质上意味着纳税人最终沦为名义上的持股者，得到的只是收益的一点零头。而这是又一条理由说明新西兰人正冒着失去宝贵的国有资产及其控制权的危险。

通常，一个普通股是附带了投票权与分红权的。然而，通过把股票分成不同的等级，公司就可以任意出售不具投票权的股票。

这样做使财政部对国库收入的预告变得不可靠。

如果国家党有意如此，他们应当对新西兰人说实话，同时应向国人解释如何履行关于电力企业的收益主体将会由国人掌控的承诺。

 
David  
SHEARER
Labour Leader                       

13 April 2012                                                                 MEDIA STATEMENT

Taxpayers set to lose bulk of dividend stream from asset sales

A so-called ‘minor policy decision’ will allow National to sell off more than half of the value our power companies generate despite its promise to keep dividends flowing back to Kiwi taxpayers, says Labour Leader David Shearer.
Labour has discovered that the Mixed Ownership Model bill and an accompanying Cabinet paper make it clear that in future the 51% ownership that the Government keeps talking about will only apply to voting rights, not to all shares that give access to dividends.
“This has major implications because it potentially means the bulk of the future revenue could be lost to foreign and corporate investors who could own the dividend-collecting shares.
 “Theoretically, there is no limit to the amount of non-voting shares that could be issued and sold - diluting the dividend the Crown receives to a tiny proportion while meeting the Government’s promise to retain 51% of the voting rights.
“For example, if the Crown floated the company with 900 non-voting shares and 100 voting shares, the shareholding Minister would only be required to hold 51% of the voting shares, not 51% of the total stock.
“This essentially means it is possible that the taxpayer could end up as owners in name only with just a fraction of the profits.  It is just one more reason why Kiwis risk ultimately losing the value and effective control of these precious national assets.
“In general, an ordinary share comes with voting rights and rights to dividends. However, by creating different classes of shares, a company can sell as many non-voting shares as they like, said David Shearer.
“This would undermine Treasury’s forecast of its predicted revenue stream flowing into the Government’s coffers.
“National should be honest with New Zealanders if this is what it intended and explain how it will now fulfil its promise that the majority of profits from these companies will remain in the control of Kiwis.”