The New Zealand Official Cash Rate (OCR) remains unchanged, as of its 29th of October review. On the 29th of October it was revealed that the Reserve Bank of New Zealand has decided to maintain the New Zealand OCR at 2.5%. The review was the fourth which had led to an unchanged OCR, the last alteration being on the 12th of March 2009. According to Alan Bollard, Reserve Bank Governor, there seemed to be no reason to withdraw the monetary policy stimulus. ... Read More

According to a KPMG survey, New Zealand has the seventh highest corporate tax rate in the OECD. The KPMG 2009 Corporate and Indirect Tax Rate Survey, which investigates the corporate and indirect tax rates of the OECD for the 2009 year, has found that New Zealand holds the seventh highest corporate tax and one of the lowest indirect tax rates of the nations surveyed. Ireland and Iceland had the lowest corporate tax rates in the survey, with 12.5% and 15% respectively. While New Zealand's ... Read More

The Government established Tax Working Group has come into question by the Green Party. According to a Green Party press release published on the 21st of October, Dr Russel Norman, Green party co-leader, has said that the government instituted Tax Working Group is “hopelessly compromised” and not an accurate representation of New Zealand society as a whole. Dr Russel Norma's objection centers primarily around the panel's inclusion of John Shewan, a former Westpac Bank advisor. According to Dr Norman “The recent outcome ... Read More