New Zealanders invest too much in the property market, leading to an imbalance in the capital market and an over-reliance on foreign debt. According to the latest Economic Survey of New Zealand released by the Organization of Economic Cooperation and Development (OECD) on April 27th, the government needs to instate a comprehensive capital gains tax into the tax system, in order to address inefficiencies and imbalances in the economy. The report suggested that for the last ten years New Zealanders have relied on ... Read More

New Zealand business owners would support a political party which promises to simplify and innovate tax-filing rules and systems, and nearly half of business owners wish to see a common economic zone between New Zealand and Australian. On February 9th the accounting software firm MYOB Technology released the quarterly MYOB Business Monitor report, which canvases opinions of New Zealand businesses on taxation and the economy. The newly published edition of the report gauges local businesses’ views on potential election year political campaign ... Read More

The New Zealand Green Party has kicked of its election year campaign by publicizing its initial set of taxation policies for New Zealand, promising a capital gains tax and a environmentally focused economy. The New Zealand Green Party co-leader Dr Russel Norman gave the annual State of the Planet speech on January 30th, in preparation for this year’s upcoming general election campaigns. The speech centered on the Green Party’s policy outlooks and election promises for the year, which deviated from the expected climate ... Read More

Putting an end to months of waiting, Prime Minister John Key made his first statement to the Parliament, on February 9th, outlining the Government’s intentions for the tax system, economic growth, along with making the long awaited response to the Tax Working Group Report. With the countries recent focus on the tax system and possible reforms, John Key initiated his speech by disclosing the Government’s plans for the taxation landscape. He indicated that investigations are currently being held around the feasibility of ... Read More