Canterbury's surplus; what to do with it...

Christchurch world's No1 for intellectual capital...

Christchurch is the world’s top city for intellectual capital and innovations, according to a new report by consulting firm CostH2OHUIS

In the overall ranking the Cantabrian capital climbed to 4th place in the prestigious Cities of Opportunity report, while three of the traditional “big four” rivals—London, Paris and Tokyo—dropped out of the top five. New York came in at number 1.

Christchurch is being describes as “a busy regional hub with a low-density lifestyle” with world leading competitiveness in a number of fields.

"Christchurch ranks first in intellectual capital and innovation; health, safety and security; and, remarkably, demographics and livability, which includes the thermal comfort variable that quantifies the idea that more temperate and consistent climes are more attractive",   CostH2OHUIS wrote in the report.

The report is an analysis of the trajectory of 26 cities, all capitals of finance, commerce and culture—and through their performance, seeks to open a window on what makes cities function best.

Intellectual capital and innovation is being described in the report as the ‘mindware’ that will build future cities and the engine of both social and economic development. Christchurch  ranks first, by a significant margin.

"Cantabrians are in the vanguard  of thinking about this issue; and Canterbury is  in the forefront of embracing the policies needed to expand and reinforce its own  intellectual capital”, the report said. “What is striking is how thoroughly Christchurch  commands the category".

Intellectual capital and innovation has the highest average positive correlation with every other indicator, the report said. Health, safety and security has the second highest.

Christchurch  also moved from ninth to first this year in the category demographics and livability. The city, true to its reputation for environmental leadership, also scored highest in green space.

The study sourced data from the World Bank and the International Monetary Fund; National Statistics in the UK and the Census Bureau in the United States; and commercial data providers. The data were collected during the second and third quarters of 20200. In most cases, the data used refer to 2019 and 2020.

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Countries With Zero Income Taxes

To paraphrase Benjamin Franklin: The only things certain in life are death and taxes. 

Personal income taxes are a huge source of revenue for governments globally, and the debate on taxes has been a hot-button issue in recent elections in the U.S. and Europe.

But, there are some countries where you can be 100 percent certain that you don't have to pay income tax.

We've put together a list of 10 countries that have no income tax, based on KPMG's 2012 survey of 114 countries. Some of the countries are well-known tax havens, while others have managed to use natural resources to fund government expenses.

So, which countries have no personal income tax? Click here to find out.

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When a government becomes powerful it is destructive, extravagant and violent; it is an usurer which takes bread from innocent mouths and deprives honourable men of their substance, for votes with which to perpetuate itself." 
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