Kiwibank

Fuel Taxes Lead to Blackmarket

The General Manager of the independent fuel retailer Gull New Zealand Dave Bodger has decried the Auckland City Council’s proposal to use a regional fuel tax to fund public transport projects and infrastructure improvements.

New Zealanders Want an Earthquake Tax

The Green Party of New Zealand has revealed the results of a recently commissioned survey which shows that a large number of New Zealanders are in favor of a temporary tax to help fund the cost of rebuilding Christchurch.

Coming Tax Changes Will “Rebalance” Economy

The upcoming changes to the national tax system are expected to greatly improve the economy, and aid the country’s recovery from the recent Christchurch disaster and financial downturn.

Income Splitting is Flawed and Costly

Peter Dunne’s income splitting proposal has hit a new roadblock after it failed to win the approval of the New Zealand Finance and Expenditure Committee.

New Spending to be Cut from Budget

New Zealand is set for a period of austerity and budget cuts, as the government faces the economic realities and repercussions of February’s earthquake in Christchurch.

Oct 13, 20080

Government to Instate Deposit Insurance

Categories: New Zealand Finance

In a bid to increase financial confidence, the New Zealand Government has instituted a bank deposit guarantee scheme. The scheme was announced by Finance Minister Michael Cullen and was brought in under the Public Finance Act. While he went on to say that the government has total confidence in the New Zealand banking sector, the initiative was to ensure confidence from both banks and New Zealand investors. The move follows similar schemes adopted recently by Ireland and Australia. The Deposit Insurance is currently is ... Read More

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