Australia’s recent hike to the rate of departure tax could reduce the number of Australian tourists coming to New Zealand, and the New Zealand tourism industry is calling for political assistance on the issue. On May 1th the Tourism Industry Association New Zealand (TIA) called on Prime Minister John Key voice his concerns to the [...]

Australia's recent hike to the rate of departure tax could reduce the number of Australian tourists coming to New Zealand, and the New Zealand tourism industry is calling for political assistance on the issue. On May 1th the Tourism Industry Association New Zealand (TIA) called on Prime Minister John Key voice his concerns to the Prime Minister of Australia Julian Gillard regarding the recent increase to Australia's high level of departure tax and its potential negative effect on the number of Australian ... Read More

Future discussions regarding income inequality in New Zealand need to consider income mobility over time in order to better target economic policies. On May 9th the University of Otago published new research which was commissioned by the Treasury of New Zealand in order to attain greater information on income movements across different demographics in the [...]

Future discussions regarding income inequality in New Zealand need to consider income mobility over time in order to better target economic policies. On May 9th the University of Otago published new research which was commissioned by the Treasury of New Zealand in order to attain greater information on income movements across different demographics in the country. The authors of the research examined data collected in Statistics New Zealand's annual Survey of Family, Income and Employment, to determine how the incomes of New ... Read More

Tax revenues in New Zealand are continues to be below forecast, although the government believes that there will be some improvement. On May 8th the Treasury of New Zealand released the Financial Statements of the Government of New Zealand for the nine months ending March 31st 2012, showing that the total unconsolidated tax revenues for [...]

Tax revenues in New Zealand are continues to be below forecast, although the government believes that there will be some improvement. On May 8th the Treasury of New Zealand released the Financial Statements of the Government of New Zealand for the nine months ending March 31st 2012, showing that the total unconsolidated tax revenues for the period were NZD 1.404 billion, or 3.0 percent, below the the government's own forecast, earlier published in the 2011 Pre-election Economic and Fiscal Update a few months ... Read More

The IRD and Ministry of Social Development are improving their info sharing capabilities in order to cut down the occurrence of benefit fraud in New Zealand. Late last week the Minister of Revenue Peter Dunne and the Associate Minister of Social Development Chester Borrows announced that the Inland Revenue Department and the Ministry of Social [...]

The IRD and Ministry of Social Development are improving their info sharing capabilities in order to cut down the occurrence of benefit fraud in New Zealand. Late last week the Minister of Revenue Peter Dunne and the Associate Minister of Social Development Chester Borrows announced that the Inland Revenue Department and the Ministry of Social Development would soon begin sharing greater amounts of information about taxpayers. Currently the government departments share information about taxpayers only upon individual inquiries, but, after May 31st both ... Read More