Christchurch tagged posts
May 6, 2014 New Zealand Finance
Beneficiaries may soon be offered a payment of NZD 3 000 to move to a job in the Canterbury region.
The government will set aside NZD 3.5 million to be used as a monetary incentive for beneficiaries to move to the Canterbury region, according to a new statement issued on May 6th by Minister of Social Development Paula Bennet.
The Minister said that the government is setting the money aside in the 2014/15 budget, to provide a once-off payment of NZD 3 000 to as many as 1 000 current beneficiaries who have a job offer in the region and are willing to move to take on the role.
The payment is conditional on the job lasting for more than 91 days at least 30 hours per week.
As further incentive to take up and keep jobs in the Christchurch area, the payment will not count towards any means o...Read More
The New Zealand Government has released an issues paper seeking feedback on possible changes to be made to the tax treatment of non-portfolio foreign investment funds.
At the International Fiscal Association conference held in Christchurch on March 19th Peter Dunne, New Zealand Revenue Minister, released an issues paper on the tax treatment of New Zealand companies with offshore subsidiaries. The paper aims to build upon reforms carried out last year in an effort to allow national companies to compete in foreign markets without major tax hindrance. Particularly the issues paper seeks feedback on how tax exemptions could be extended to investments made by New Zealand companies into foreign entities in which they are not a controlling partner, commonly called a foreign investment fund.