The New Zealand economy is showing definite signs of recovery, though warnings have been given not to over-estimate its pace. According to statements made by John Key, New Zealand Prime Minister, and reports by the New Zealand Reserve Bank, the economy will continue to recover over the second half of 2009. The Prime Minister said [...]

The New Zealand economy is showing definite signs of recovery, though warnings have been given not to over-estimate its pace. According to statements made by John Key, New Zealand Prime Minister, and reports by the New Zealand Reserve Bank, the economy will continue to recover over the second half of 2009. The Prime Minister said that the New Zealand GDP in the fourth quarter will be “quite good” and that the third quarter figure “won't be bad either”. The recovering economic figures ... Read More

John Key has voiced his feelings opposing the idea of introducing Capital Gains Tax in New Zealand. In a speech given on the 14th of September it was made adamantly clear by the comments of John Key, New Zealand Prime Minister, that he does not support the idea of introducing Capital Gains Tax into the [...]

John Key has voiced his feelings opposing the idea of introducing Capital Gains Tax in New Zealand. In a speech given on the 14th of September it was made adamantly clear by the comments of John Key, New Zealand Prime Minister, that he does not support the idea of introducing Capital Gains Tax into the New Zealand taxation system. Capital Gains Tax and the feasibility and benefits of their possible introduction is being investigated be the Tax Working Group. Previously, John Key had been ... Read More

New Zealand and the Cook Islands signed a Tax Information Exchange Agreement (TIEA) on the 10th of July. The new agreement which allows for New Zealand and the Cook Islands to exchange information held by banks and other financial institutions, and also information on who benefits in company ownership chains and on the settlors, trustees [...]

New Zealand and the Cook Islands signed a Tax Information Exchange Agreement (TIEA) on the 10th of July. The new agreement which allows for New Zealand and the Cook Islands to exchange information held by banks and other financial institutions, and also information on who benefits in company ownership chains and on the settlors, trustees and beneficiaries of trusts. This is the third such agreement for New Zealand, with Bermuda and Netherlands Antilles being the first two. The agreement was signed ... Read More

Associate Health Minister Tariana Turia and the Anti-tobacco group, ASH, are pushing for an tax increase on tobacco. New Zealand could soon be following Australia’s lead and setting a higher level of taxation around tobacco and tobacco products, like cigarettes. The proposed law change could possibly see the price of a pack of cigarettes double. [...]

Associate Health Minister Tariana Turia and the Anti-tobacco group, ASH, are pushing for an tax increase on tobacco. New Zealand could soon be following Australia's lead and setting a higher level of taxation around tobacco and tobacco products, like cigarettes. The proposed law change could possibly see the price of a pack of cigarettes double. In a general area this would bring the price of a pack of cigarettes to over $20 per packet. Legislation around the selling of cigarettes has not seen any ... Read More