The New Zealand Government has released its 2010 Budget. The announcement outlines various changes to the taxation system, putting to rest months of media speculations surrounding New Zealand’s tax future. On May 20th the New Zealand Government revealed its national budget for the year 2010. The latest budget aims to reduce the impact of last [...]

The New Zealand Government has released its 2010 Budget. The announcement outlines various changes to the taxation system, putting to rest months of media speculations surrounding New Zealand's tax future. On May 20th the New Zealand Government revealed its national budget for the year 2010. The latest budget aims to reduce the impact of last year’s recession while introducing a range of fiscal stimulus measures and providing a solid base with which the Government can maintain control of the nation’s economy. The Budget announcement ... Read More

Prime Minister John Key has given strong indication that top-marginal personal tax rates will be significantly cut in the upcoming Government Budget. He justified the decision by claiming it will decrease the “brain drain” seen in New Zealand. On May 17th John Key, Prime Minister of New Zealand, appeared in a television interview and made [...]

Prime Minister John Key has given strong indication that top-marginal personal tax rates will be significantly cut in the upcoming Government Budget. He justified the decision by claiming it will decrease the “brain drain” seen in New Zealand. On May 17th John Key, Prime Minister of New Zealand, appeared in a television interview and made it clear that the upcoming budget will feature cuts to personal taxes across all levels, but with special emphasis on top-marginal rates. John Key’s comments led economist ... Read More

A new report has been released proposing a raft of changes to the New Zealand tax system, suggesting heavy cuts to many forms of taxation, and significant decreases to Government spending. The report is accompanied by a national survey profiling New Zealander’s acceptance of possible changes to taxation. On May 10th the Maxim Institute released [...]

A new report has been released proposing a raft of changes to the New Zealand tax system, suggesting heavy cuts to many forms of taxation, and significant decreases to Government spending. The report is accompanied by a national survey profiling New Zealander's acceptance of possible changes to taxation. On May 10th the Maxim Institute released Lifting the Bucket: Tax policy and economic growth, a report detailing the Institute’s proposed changes to the New Zealand economy. The report was accompanied by the results of ... Read More

The New Zealand Government has reported lower than projected tax revenues for the nine months ending March 31st. The fall has been blamed on weaker than expected business activity. On May 7th the New Zealand Government issued a statement revealing a 2.4 percent fall in tax revenues, compared to earlier Half-Year Update in December. The [...]

The New Zealand Government has reported lower than projected tax revenues for the nine months ending March 31st. The fall has been blamed on weaker than expected business activity. On May 7th the New Zealand Government issued a statement revealing a 2.4 percent fall in tax revenues, compared to earlier Half-Year Update in December. The Government has revealed that it now expects tax revenues to be below previous expectations for the entirety of 2010, and perhaps also 2011. According to the statement the ... Read More