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

The New Zealand Labour Party has announced that it will be launching a cross-country bus tour in protest to the National Party’s proposed Good and Service Tax rate increase. Phil Goff, Labour Party leader, announced on February 22nd that a two week protest bus-tour will be launched on February 28th to fight the possibility of a the GST rate being raised to 15 percent. He claimed that the tour’s aim was to visit New Zealand communities and "to show them just ... Read More

New Zealand Prime Minister John Key has stated that he wishes to see the country transformed into an international financial hub, focused on the administration of overseas pension funds. Speaking in a television interview on February 14th, John Key disclosed that the Government is investigating the possibility of creating infrastructure to facilitate and encourage the registration and administration of international pension funds within the country. The concept was suggested and detailed to the Prime Minister personally by the Capital Markets Taskforce in December ... Read More