Charitable distributions for the 2014 year were grants to: Runanga $5.76-million, healthy environments $7.4-million, marae communities $4-million, natural environment $2.7-million, and education $2.1-million.
Ngai Tahu distributes more than the other billion dollar tribe, Waikato-Tainui, whose charitable distributions of $6.1-million over the past year only make up about nine percent of the tribal corporation’s consolidated net profit of $70.9-million.
A negligible amount of $409,000 is listed as tax on comprehensive income summary. From April 1, 2003, any organisation that administers a marae situated on a Maori reservation may qualify for an income tax exemption as a charity, as long as it uses its funds to administer and maintain the marae’s physical structure and land, or for charitable purposes.
The exemption gives tribes a huge competitive advantage over other businesses and enables them to build their empires with their hands deep in taxpayers’ pockets.
A non-Maori business posting a $160-million profit would expect to pay around $53-million in tax.
Ngai Tahu's assets by sector currently comprise 14 percent development properties, 19 percent investment properties, 14 percent rural land, 23 percent Ryman Healthcare, 12 percent capital, 5 percent tourism, 13 percent seafood (including quota).
Ngai Tahu’s main business before 1998 was claiming money from the government and through this lucrative endeavour managed to benefit from five full and final settlements.
This tribe also made money out of selling the South Island before 1840, and selling it all over again to the New Zealand government after 1840.
Despite wealth past, present and future, Ngai Tahu routinely claims that they were hard done by. Leader Mark Solomon told Television New Zealand’s Q&A show on June 6, 2010, that:
Ngai Tahu lost 12 billion dollars worth of assets and accepted as a compensation $170-million. Do the maths. The fact that people in New Zealand argue that the settlements are far too high, if they looked at the reality of what Maori have lost, and then look at the compensation, Maori should be being thanked for the levels of the settlements they accept, not be derided by the rest of the community.
Ngai Tahu’s 2014 report, http://ngaitahu.iwi.nz/annual-report-2014/