Indications have arisen that New Zealand’s alcohol excise tax could be raised, among other changes to legislation surrounding the sale of liquor. A document has recently been leaked to the media containing a number of proposed alcohol legislation reforms. Key among the changes is a 50 percent increase in alcohol excise duties. The newest report [...]

Indications have arisen that New Zealand’s alcohol excise tax could be raised, among other changes to legislation surrounding the sale of liquor. A document has recently been leaked to the media containing a number of proposed alcohol legislation reforms. Key among the changes is a 50 percent increase in alcohol excise duties. The newest report comes as an extension of discussions conducted in 2009, which recommended the current 50 percent increase, regular reviews of excise taxes, and transferring all revenues collected to ... Read More

The New Zealand Government has announced that it will be cutting its spending by NZD 1.8 billion in the upcoming budget. On March 22nd at a speech given at the Wellington Chamber of Commerce, Bill English, New Zealand Finance Minister, revealed that a further NZD 1.8 billion worth of public spending will be cut by [...]

The New Zealand Government has announced that it will be cutting its spending by NZD 1.8 billion in the upcoming budget. On March 22nd at a speech given at the Wellington Chamber of Commerce, Bill English, New Zealand Finance Minister, revealed that a further NZD 1.8 billion worth of public spending will be cut by the Government, in an effort to eradicate “lower quality government spending” and improve the national fiscal situation. The new cuts are slated to be executed in addition to ... Read More

The New Zealand Government has released documents showing that the national budget deficit is narrower than projected, despite tax collection falling below expectations. On April 9th the New Zealand Government released its Financial Statements for the eight months ended February 28th 2010. The new statements show the Government’s operating deficit for the period to be [...]

The New Zealand Government has released documents showing that the national budget deficit is narrower than projected, despite tax collection falling below expectations. On April 9th the New Zealand Government released its Financial Statements for the eight months ended February 28th 2010. The new statements show the Government’s operating deficit for the period to be NZD 4.49 billion, 11.2 percent below the 2009 Half Year Economic and Fiscal Update. The difference was attributed to lowered Government spending and a once-off payment to the ... Read More

The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes [...]

The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes burden faced by an average working family “unfair and inequitable.” According to the Minister the root of the problem resides in the current definition of income and ... Read More