Monthly Archives January 2015

New Zealand 3rd Freest Economy in World

January 31, 2015 New Zealand FinanceNew Zealand Taxation

New Zealand has been named the third freest economy in the world, an improvement since last year.

In its annual Economic Freedom Index, the Heritage Foundation has concluded that New Zealand has the 3rd freest economy in the world, only behind Singapore and Hong Kong.

New Zealand was scored 82.1 points on the index, compared to 89.6 and 89.4 in Hong Kong and Singapore, while the world average sits at a level of 60.4 points.

It was noted that since 2014 New Zealand has seen an improvement in its ranking for labor freedom, monetary freedom, and government spending, which outweighed the relatively smaller drops in fiscal freedom and freedom from corruption.

Australia was ranked one spot behind New Zealand, and received a score of 81.4 points.

Photo By: Nick Kean

Read More

Not Beersies Cost At Least 1.2 Million

January 22, 2015 New Zealand Taxation

The “Not Beersies” has failed to sway the opinions of heavy drinkers, and may have encouraged some to drink more.

Late last week the Taxpayers Union issued anew statement with information on the cost and outcomes of the recent “Not Beerises” campaign aimed at encouraging lowered levels of alcohol consumption among New Zealanders, showing that the effort may not have had the intended effects despite costing NZD 1.2 million of taxpayers’ money.

According to the taxpayers Union, the cost of the “Not Beersies” advertising campaign was at least NZD 1.2 million, although the exact figure has not been disclosed, even though a request under the Official Information Act.

The experts of the Tapayers’ Union claimed that the campaign had limited effect to decrease alcohol consumption, esp...

Read More

Kiwis Want Sugar Tax

January 20, 2015 New Zealand Taxation

New Zealanders are drinking 115 litres of sugar sweetened drinks per year, while more than a third of New Zealanders believe that such drinks should face higher taxes.

According to the results of a recent survey, a large portion of New Zealanders support the imposition of taxes on the sale of products high in sugar, and now new research has come out detailing the significant amount of sugar consumed in the country.

It is now estimated that the average New Zealander drinks 115 liters of “soft drinks” per year, with 73 liters being made up by carbonated fizzy sodas, with the reaming amount being made up by energy drinks, sweetened juices, and sports drinks.

According to the results of a recent survey conducted by Southern Cross, 73 percent of New Zealanders believe that the consumption...

Read More