investment tagged posts
September 28, 2012 New Zealand Finance
Overseas investors have made three times as much deposits into New Zealand as nationals have into businesses based overseas.
On September 27th Statistics New Zealand released the Balance of Payments and International Investment Position: Year ended March 2012, showing that foreign direct investment into New Zealand has reached NZD 97.3 billion and Overseas Direct Investment into New Zealand has reached NZD 24.3 billion.
According to Statistics New Zealand approximately two thirds of all foreign direct investment into the country came from Australia and the USA, with the majority of the funds flowing from major banks and other financial institutions.
Statistics New Zealand noted that the FDI into New Zealand from Southeast Asia has rising by NZD 1 billion since 2010, mainly due to an app...Read More
April 2, 2009 New Zealand Taxation
As a reiteration and a clarification, Revenue Minister Peter Dunne has talked recently about the Fair Dividend Rate (FDR) on overseas investments the and taxation of it.
Revenue Minister Peter Dunne has spoken out about the recent confusion in the media and practitioners about the Fair Dividend Rate. It is the opinion of Peter Dunne that the new FDR will make taxation fairer than those in place earlier.
In his media release Mr. Dunne characterized the new rules via an example. In the case that an overseas investment was to go up from $100,000 to $110,000, the new laws will come into effect with the rise in investment value. Of the $100,000, 5% would be counted as income, to be discerned with under the individual investor’s taxation code...Read More