USA tagged posts
According to a KPMG survey, New Zealand has the seventh highest corporate tax rate in the OECD.
The KPMG 2009 Corporate and Indirect Tax Rate Survey, which investigates the corporate and indirect tax rates of the OECD for the 2009 year, has found that New Zealand holds the seventh highest corporate tax and one of the lowest indirect tax rates of the nations surveyed.
Ireland and Iceland had the lowest corporate tax rates in the survey, with 12.5% and 15% respectively. While New Zealand’s rate of 30% was rated 7th, with USA and Japan reigning the top spots at rates of 40% and 40.69% respectively.
The survey found that New Zealand holds the sixth lowest indirect tax rate in the world, with its 12.5% GST rate. Canada meanwhile has the lowest rate at 5%, and Denmark was the highest at 25%.
The Inauguration of Barack Obama, release of 2008 inflation figures and a losing day on Wall St saw the New Zealand Dollar hit a 6 year low against the U.S. Dollar (greenback).
The New Zealand Dollar (Kiwi) reached a value of US51.65 cents.Further, the Kiwi reached a seven year low of 46.98 against the Japanese Yen.
The falls came amidst similar moves from many world currencies. On a global scale this can be attributed to the speech of Barack Obama, which did not reveal any new details regarding the U.S. Economic recovery package. The lowest points for the Kiwi against both the Yen and Greenback came near the closing of the Presidential Speech.
The fall of the Kiwi can also be attributed to the low sales economic figures for the month of December...Read More
November 17, 2008 New Zealand Finance
According to US-NZ Council president John Mullen, the newly elected Barack Obama can only be good news for a US-NZ Free Trade Agreement (FTA).
The visiting US-NZ Council president John Mullen was quoted as saying that Barack Obama does not wish to reverse any globalisation work done so far, and that the? situation would only be worse off if it were. He said that relations between the United States and New Zealand are at the highest point that they have been at in over a quarter of a century.
Some commentators even claim that New Zealand’s anti-nuclear stance will not be as much of a hindrance under Barack Obama as it was previously. The stance was often seen as one of the key disagreement points in previous negotiations with New Zealand.
Free Trade talks are scheduled to be held in Marc...Read More
September 29, 2008 International Finance
The 21st to the 23rd of September saw the Asia Offshore Association conference come to Hong Kong.
The Conference consisted of 100 delegates from over different 20 countries, Abaconda Management Group was present with two delegates. The keynote speaker for the event was David O’Rear, Chief Economist of Hong Kong General Chamber of Commerce. Other international speakers came from Austria, Hong Kong, Italy, Austria, Seychelles and USA.
Topics at the Asia Offshore Association Conference included banking and investments in globalized economy especially in Asia-Pacific region, the Asian economy in global context and offshore business activities.
There was also a strong focus on differentiating the genuine activities of offshore investing with the less savory forms of tax evasion that take place...Read More