Jan 6, 2012
Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes. As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking. The excise taxes rose by 14.6 percent on all tobacco [...]
Taxes on cigarettes have once again gone up, as part of the government’s three planned rate hikes.
As of January 1st the excise tax on cigarettes and tobacco has been increased, in a move that the government claims will lead to more people quitting smoking.
The excise taxes rose by 14.6 percent on all tobacco products. The tax can only be applied to new products purchased by merchants after January 1st. However, the Consumer institute has already received several complaints, alleging that retailers are ... Read More
Dec 22, 2011
New Zealand’s current account deficit has continued to expand, as price for the country’s export commodities fall. On December 21st Statistics New Zealand released its quarterly report on the country’s import and export levels, showing that the national current account deficit was larger than expected. During the September quarter of 2011 the current account deficit [...]
New Zealand’s current account deficit has continued to expand, as price for the country’s export commodities fall.
On December 21st Statistics New Zealand released its quarterly report on the country’s import and export levels, showing that the national current account deficit was larger than expected.
During the September quarter of 2011 the current account deficit in New Zealand reached NZD 2.7 billion, which exceeded the deficit recorded in the June 2011 quarter by NZD 0.7 billion. New Zealand’s total export of goods was ... Read More
Dec 15, 2011
New Zealand’s tax laws and a lack of available capital are stifling growth in the biotechnology research sector. On December 14th a new report was published by the Ministry of Science and Innovation, evaluating the current tax system and venture capital industry in relation to New Zealand’s biotechnology research sector. According to the report, the [...]
New Zealand’s tax laws and a lack of available capital are stifling growth in the biotechnology research sector.
On December 14th a new report was published by the Ministry of Science and Innovation, evaluating the current tax system and venture capital industry in relation to New Zealand’s biotechnology research sector. According to the report, the tax rules surrounding patent sales could be having a detrimental effect on the amount of high-tech research being carried out in New Zealand. The author's of the ... Read More
Dec 14, 2011
The national airline carrier Air New Zealand is looking at cutting flights to London, following 6 months of losses and due to the upcoming increases to the tax rate for passengers departing the UK. Air New Zealand is considering cut backs to its international long haul operations, with the company’s flagship flight to London already [...]
The national airline carrier Air New Zealand is looking at cutting flights to London, following 6 months of losses and due to the upcoming increases to the tax rate for passengers departing the UK.
Air New Zealand is considering cut backs to its international long haul operations, with the company’s flagship flight to London already facing the prospect of being axed. The company says that the upcoming UK air passenger duty is also contributing to the potential decision.
Under recently instated rules, from April ... Read More
Loading ...