Mexico tagged posts

OECD Nation tax Burden Falling

May 12, 2010 New Zealand Taxation

Four more countries commit to OECD tax standardsThe Organization for Economic Cooperation and Development (OECD) recently published new data cataloging personal taxation burdens of tax payers in member nations. The release shows that New Zealanders are faced with one of the lowest overall tax burdens in the OECD.

On May 11th the OECD publicized its latest Taxing Wages data, an annual publication cataloging year-to-year changes in personal taxation burdens among member states. The data concentrates primarily on calculation of nations’ tax wedge levels. For a single earner with no children, New Zealand is shown to hold the second lowest total tax wedge in the OECD, at a level of 18.4 percent. Mexico is recorded to have the lowest tax wedge, at 15.3 percent. The OECD average tax wedge was shown to be nearly 36.4 percent...

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John Key to Attend APEC Summit

November 19, 2008 International FinanceNew Zealand Finance  No comments

Prime Minister John Key is set to attend the APEC meeting in Lima, Per? on the 19th and 20th of November.

The Asia-Pacific Economic Co-operation (APEC) is most likely going to be based around the current economic situation of the world and the possible responses of all countries involved in the meeting. If the recently finished G20 summit is any indication, the economic situation will be the primary talking point.

The meeting is attended by 20 world leaders, and over 3600 delegates. Figures show that the trade between APEC countries accounts for almost half of that in the world and nearly 60 percent of the world’s Gross Domestic Product.

John Key is scheduled to meet the Queen of England, and the British Prime minister after the APEC meeting.

The current APEC countries are Australia,...

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New Zealand Double Taxation Agreements

September 1, 2008 International TaxationNew Zealand Taxation  No comments

Double taxation agreements are tax treaties between two countries. These agreements come into effect when a person is a tax-resident of both New Zealand and another country.

Double Taxation agreements prevent the situation of taxation on one income by two countries, through coming to an agreement as to what incomes will be taxed in the country of residence and exempt in the country of occurrence. It also deals with the opposite case where the income will be taxed at the country of occurrence and compensation arises in the country of residence.
Double Taxation also extends to more comprehensive sharing of tax information between tax authorities.

New Zealand currently holds double taxation agreements with the following countries:

Australia
Austria
Belgium
Canada
Chile
China
Czech Republic

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