Jan 29, 2009
The New Zealand Official Cash Rate has reached the lowest level since its creation. The January 29th Official Cash Rate (OCR) announcement followed what many already thought would happen, although to a greater degree. The OCR was cut 150 basis points to the lowest level it has ever been at, reaching 3.5%. Kiwibank and Westpac [...]
The New Zealand Official Cash Rate has reached the lowest level since its creation.
The January 29th Official Cash Rate (OCR) announcement followed what many already thought would happen, although to a greater degree. The OCR was cut 150 basis points to the lowest level it has ever been at, reaching 3.5%.
Kiwibank and Westpac have already adjusted their one year fixed term home loan interest rates accordingly, but Reserve Bank Governor Alan Bollard urges other banks to do the same and pass the ... Read More
Jan 28, 2009
Peter Dunne called the idea of a Capital Gains tax in New Zealand a “hoary old chestnut”, in a press release on the 27th of January. In response to a New Zealand Manufacturers and Exporters Association (NZMEA) statement calling for the introduction of a Capital Gains Tax, the Minister of Revenue Peter Dunne voiced strong [...]
Peter Dunne called the idea of a Capital Gains tax in New Zealand a “hoary old chestnut”, in a press release on the 27th of January.
In response to a New Zealand Manufacturers and Exporters Association (NZMEA) statement calling for the introduction of a Capital Gains Tax, the Minister of Revenue Peter Dunne voiced strong opposition to the idea of introducing a capital gains tax. He claimed that it would be political suicide for any government to even try and introduce it, and ... Read More
Jan 27, 2009
The New Zealand Manufacturers and Exporters Association (NZMEA) is calling for implementation of a capital gains tax in New Zealand to ease the house affordability situation. The renewed, but not original, call for a capital gains tax comes after the release of the 2009 International Housing Affordability Survey, by the website Demographia. The results of [...]
The New Zealand Manufacturers and Exporters Association (NZMEA) is calling for implementation of a capital gains tax in New Zealand to ease the house affordability situation.
The renewed, but not original, call for a capital gains tax comes after the release of the 2009 International Housing Affordability Survey, by the website Demographia. The results of the survey place New Zealand housing as the second most unaffordable in the world. While the website pushes its own agenda and attributes this to housing and ... Read More
Jan 26, 2009
The possibility of a Free Trade Agreement (FTA) between Korea and New Zealand is becoming a more realistic possibility with positive signs from both Governments giving positive indicators. The New Zealand Government has called for submissions on the possibility of a FTA with Korea, according to Trade Minister Tim Groser in a January 23rd press [...]
The possibility of a Free Trade Agreement (FTA) between Korea and New Zealand is becoming a more realistic possibility with positive signs from both Governments giving positive indicators.
The New Zealand Government has called for submissions on the possibility of a FTA with Korea,
according to Trade Minister Tim Groser in a January 23rd press release. Further, the Korean Foreign Minister, Yu Myung-hwan visited New Zealand over the subsequent weekend. Talks regarding the FTA were scheduled for Sunday.
According to Mr Goser, Korea is ... Read More
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