Dec 16, 2011
After nearly a decade of spending beyond their means, New Zealanders are finally saving a portion of the incomes they earn each month. On December 15th Statistics New Zealand released the latest Institutional Sector Accounts report, showing that New Zealand households have begun saving money for the first time in over a decade. The newly [...]
After nearly a decade of spending beyond their means, New Zealanders are finally saving a portion of the incomes they earn each month.
On December 15th Statistics New Zealand released the latest Institutional Sector Accounts report, showing that New Zealand households have begun saving money for the first time in over a decade.
The newly released statistics indicate that in the year up to March 2011, New Zealand households saved NZD 200 million more than they spent. The savings are equivalent to approximately ... Read More
Sep 19, 2011
New Zealanders are set to see a slew of tax changes to be instated, as a new tax bill is introduced into Parliament. The Bill, which was brought forward on September 14th, contains several proposed changes to the tax system and tax filing requirements, which were in the 2011 Budget. In line with the results [...]
New Zealanders are set to see a slew of tax changes to be instated, as a new tax bill is introduced into Parliament. The Bill, which was brought forward on September 14th, contains several proposed changes to the tax system and tax filing requirements, which were in the 2011 Budget.
In line with the results of a public consultation held last year, the new bill contains changes to filing rules, which will allow New Zealand business to file more of their annual obligations ... Read More
Feb 4, 2011
The Savings Working Group has released its final report, outlining several measures to increase the country’s savings level. On the February 1st the government appointed Savings Working Group (SWG) released its long awaited final report, with suggestions on reducing New Zealand’s overall reliance on overseas debt. According to research within the report, the country’s net [...]
The Savings Working Group has released its final report, outlining several measures to increase the country’s savings level.
On the February 1st the government appointed Savings Working Group (SWG) released its long awaited final report, with suggestions on reducing New Zealand’s overall reliance on overseas debt. According to research within the report, the country’s net foreign liability currently stands at 85 percent of the GDP. Comparatively, Australia is only at a level of 58 percent. The comparatively large liabilities level means that New ... Read More
May 10, 2010
A new report has been released proposing a raft of changes to the New Zealand tax system, suggesting heavy cuts to many forms of taxation, and significant decreases to Government spending. The report is accompanied by a national survey profiling New Zealander’s acceptance of possible changes to taxation. On May 10th the Maxim Institute released [...]
A new report has been released proposing a raft of changes to the New Zealand tax system, suggesting heavy cuts to many forms of taxation, and significant decreases to Government spending. The report is accompanied by a national survey profiling New Zealander's acceptance of possible changes to taxation.
On May 10th the Maxim Institute released Lifting the Bucket: Tax policy and economic growth, a report detailing the Institute’s proposed changes to the New Zealand economy. The report was accompanied by the results of ... Read More
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