New Zealand tagged posts

Doing Business in New Zealand is Easy

October 26, 2012 New Zealand FinanceNew Zealand Taxation

New ZealandNew Zealand has once again been ranked as one of the easiest countries in which to do business, and is the jurisdiction with the quickest company formation period in the world.

In the Doing Business 2013 report jointly released by the World Bank and the International Finance Corporation on October 23rd, New Zealand was ranked third in the “ease of doing business” index.

In the report New Zealand was regarded as the country with the easiest regulations for starting a new business, with only one procedure to complete, which takes only one day, compared to the OECD averages of 5 procedures over the course of 12 days.

New Zealand is also ranked as the country with the best rules for the protection of investors, having the highest possible index scores for extent of disclosure, shareholder sui...

Read More

IMF Releases Reports on NZ

May 27, 2010 International FinanceNew Zealand FinanceNew Zealand Taxation

International Monetary Fund [oct 25]The International Monetary Fund (IMF) has released two separate reports analyzing the future potential economic output and fiscal balances of the New Zealand economy.

On May 26th the IMF released The Potential Contribution of Fiscal Policy to Rebalancing and Growth in New Zealand and Potential Growth of Australia and New Zealand in the Aftermath of the Global Crisis, two separate working papers concerning aspects of the New Zealand and Australian economies, in the face of the receding effects of the global economic crisis.

The Potential Contribution of Fiscal Policy to Rebalancing and Growth in New Zealand, advises the New Zealand Government to rebalance its taxation policy to reduce the reliance on labor and capital taxation...

Read More

New Zealand Outperforms Australia in Recession

April 20, 2010 New Zealand Finance

Recent research has suggested that Australian businesses fared worse in 2009 and 2008 than those in New Zealand.

In the recently released April 2010 MYOB Business Monitor report Australian and New Zealand business owners were surveyed for their opinions on the current economic situation in both nations. The report showed that 39 percent of surveyed businesses reported a fall in revenue during the twelve months to July 2009, while only 35 percent of New Zealand firms provided the same response. Commenting on the difference, Tim Reed, MYOB’s Sydney-based Chief Executive, said that the survey shows that New Zealand business showed a great sense of resilience throughout the economic downturn.

The report revealed that 50 percent of New Zealand business owners expected the economy to improve ove...

Read More

NZ-Australia DTA One Step Closer

February 18, 2010 International TaxationNew Zealand Taxation

United Future AnnouncementThe upcoming Double Taxation Agreement (DTA) between New Zealand and Australia has taken one step towards to coming into effect after a Governmental signing of an Order of Council for the document.

The New Zealand Government has begun to incorporate the DTA into the country’s law system through a signing of an Order in Council on February 17th, according to Peter Dunne, New Zealand Revenue Minister. Once the legal incorporation is complete for both nations the DTA will come into full effect. Australia is yet to commence their respective ratification process. Changes within the DTA are expected to begin in late 2010, two months after the expected conclusion of both countries’ ratification process.

The DTA which was a product of more than a year’s worth of negotiations was signed on June ...

Read More