According to a KPMG survey, New Zealand has the seventh highest corporate tax rate in the OECD. The KPMG 2009 Corporate and Indirect Tax Rate Survey, which investigates the corporate and indirect tax rates of the OECD for the 2009 year, has found that New Zealand holds the seventh highest corporate tax and one of the lowest indirect tax rates of the nations surveyed. Ireland and Iceland had the lowest corporate tax rates in the survey, with 12.5% and 15% respectively. While New Zealand's ... Read More

Prime Minister John Key is set to attend the APEC meeting in Lima, Per? on the 19th and 20th of November. The Asia-Pacific Economic Co-operation (APEC) is most likely going to be based around the current economic situation of the world and the possible responses of all countries involved in the meeting. If the recently finished G20 summit is any indication, the economic situation will be the primary talking point. The meeting is attended by 20 world leaders, and over 3600 delegates. Figures ... Read More

The Bank of Baroda (BOB) is opening in New Zealand. India’s third largest bank, the Bank of Baroda, has announced that they will establish a commercial banking wing in New Zealand, with the initial branch being penned for Auckland. It is understood that the bank aims to function as a subsidiary company. Governance will be held by a mix of both local and overseas directors and that a senior executive has already been appointed to head the Auckland branch. The now retired chairman and ... Read More