International Fund Services Development Group tagged posts

NZ Investigates Taxation of Foreign-Owned PIEs

April 16, 2010 New Zealand Taxation

Wellington, New ZealandA new issues paper has been released, seeking views on two possible legislative changes concerning the tax treatment of non-residents investing in portfolio investment entities (PIE).

On April 14th Peter Dunne, New Zealand Revenue Minister, announced the release of Allowing a zero percent tax rate for non-residents investing in a PIE, an official New Zealand Government Issues Paper. The release of the paper is spurned by the International Fund Services Development Group (IFSDG), which was formed in April 2010 to advise the New Zealand Government on the changes required to create an international fund-service sector in New Zealand...

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NZ Fund Service Development Group Formed

April 7, 2010 International FinanceNew Zealand Finance

Hon Gerry Brownlee, MCA private sector group has been formed to advise the New Zealand Government on the requirements associated with the creation of an international funds service industry in New Zealand.

In a media statement on April 6th Gerry Brownlee, New Zealand Minister of Economic Development, announced the formation of the International Fund Services Development Group (IFSDG), a Government endorsed private-sector body charged with advising the Government on the establishment of a international funds service industry and turning New Zealand into a attractive funds domicile. The group will be chaired by Craig Stobo, private-sector entrepreneur and director.

The IFSDG is required to issue its final report to the New Zealand Government by June 2010, detailing the steps necessary to create and foster an in...

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