Monthly Archives November 2008

John Key to Attend APEC Summit

November 19, 2008 International FinanceNew Zealand Finance  No comments

Prime Minister John Key is set to attend the APEC meeting in Lima, Per? on the 19th and 20th of November.

The Asia-Pacific Economic Co-operation (APEC) is most likely going to be based around the current economic situation of the world and the possible responses of all countries involved in the meeting. If the recently finished G20 summit is any indication, the economic situation will be the primary talking point.

The meeting is attended by 20 world leaders, and over 3600 delegates. Figures show that the trade between APEC countries accounts for almost half of that in the world and nearly 60 percent of the world’s Gross Domestic Product.

John Key is scheduled to meet the Queen of England, and the British Prime minister after the APEC meeting.

The current APEC countries are Australia,...

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Carbon Tax a Possibility

November 18, 2008 New Zealand Taxation  No comments

The new National government has made indications that they might be willing to support a new carbon tax scheme.

Speaking at a Federated Farmers conference on the 18th of November, John key admitted that his National Party would be willing to consider a carbon tax in place of t Emissions Trading Scheme ( ETS). While he did not openly support the idea of a carbon tax, John key said that a committee would be set up to evaluate the benefits and drawbacks of the Emissions trading Scheme, carbon tax or a possible hybrid of the two.

No more details of a new carbon tax were given and none are expected until the review process begins. Similar no pre-standing views on the ETS were disclosed, nor an outline of a possible hybrid of the two...

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FTA with USA No Less Likely

November 17, 2008 New Zealand Finance  No comments

According to US-NZ Council president John Mullen, the newly elected Barack Obama can only be good news for a US-NZ Free Trade Agreement (FTA).

The visiting US-NZ Council president John Mullen was quoted as saying that Barack Obama does not wish to reverse any globalisation work done so far, and that the? situation would only be worse off if it were. He said that relations between the United States and New Zealand are at the highest point that they have been at in over a quarter of a century.

Some commentators even claim that New Zealand’s anti-nuclear stance will not be as much of a hindrance under Barack Obama as it was previously. The stance was often seen as one of the key disagreement points in previous negotiations with New Zealand.

Free Trade talks are scheduled to be held in Marc...

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Key's Tax Cut Reassurance

November 13, 2008 New Zealand Taxation  No comments

John Key has sent out reassurance that the planned National Party tax cuts are going to be affordable and timely for New Zealand.

In the face of the apparently grim Treasury report received by John Key and his incoming Minister of Finance, Bill English, remained optimistic and stood behind the proposed tax cut policy of the National Party. While neither man was willing to comment on the exact figures and information provided by the Treasury, they did concede that the situation was less than perfect. John Key went on to say that the tax cuts were affordable and according to the information provided, could not come at a better time for New Zealand...

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