AIL tagged posts

Government Seeks Feedback on Bond Tax

September 28, 2009 New Zealand FinanceNew Zealand Taxation

Peter Dunne has announced the publication of a paper seeking feedback on taxation of New Zealand’s bond market.

In an effort to foster the growth of New Zealand’s domestic bond market, Peter Dunne, New Zealand Revenue Minister, has announced the publication of “AIL, NRWT and the bond market”. Primarily, the paper is concerned with the idea of lowering the Approved Issuer Levy on bonds to 0% when pre-determined circumstances are met.

It is suggested by the paper that dispensing with AIL, which according to the publication also can serve as a proxy for Non-Resident Withholding Tax (NWRT), could create a marginal advantage for the domestic bond market by easing the financial burden of issuing to non-residents...

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