Stories that are tagged 'New Zealand'

	Australian Air Tax To Hit NZ Holidaymakers 5/25/2012 The latest hike in Australia's passenger movement charge will cost New Zealanders an additional NZD12.4m (USD9.3m) this year alone, a measure described by tourism bosses as a 'slap in the face' for the industry.
	NZ Tax Refunds Agents Under Scrutiny 5/23/2012 The practices of New Zealand's tax refund agents have come under the microscope, with the Commerce Commission warning that they may be failing to meet their obligations under the Fair Trading Act.
	TPP Negotiations Make 'Better-Than-Expected' Progress 5/22/2012 The Office of the United States Trade Representative has confirmed that the twelfth round of negotiations, held recently outside Dallas, Texas, on the proposed extension to the Trans-Pacific Partnership, between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the US and Vietnam, made better-than-expected progress.
	NZ Accountants Call For Simpler Small Business Tax 5/18/2012 New Zealand’s tax system has become overly complex, the country’s Institute of Chartered Accountants has said, calling for simplification of the rules for small businesses and setting out proposals for reform.
	English Foreshadows 'Disciplined' NZ Budget 5/15/2012 The 2012 New Zealand government Budget later this month will confirm the path back to surplus in 2014/15, despite lower than forecast tax revenue in the government financial statements in the nine months to March 31, Finance Minister Bill English has said.
	NZ Improves Taxpayer Information Sharing 5/8/2012 New Zealand’s Inland Revenue and the Ministry of Social Development are set to expand their information sharing practices to include the automatic sharing of relevant taxpayer information.
	NZ Parliament Passes International Tax Amendments 5/4/2012 The Taxation (International Investment and Remedial Matters) Bill, introduced in October 2010 to reform taxation on the gains of New Zealand residents from their investments in overseas entities, has passed its final stages in Parliament.
	New Zealand, Canada Sign DTA 5/3/2012 On May 3, New Zealand’s Revenue Minister, Peter Dunne, and the Canadian Minister of International Trade, Ed Fast, signed an updated double tax agreement to replace their countries’ 1980 bilateral treaty.
	Kirk Explains US Asia-Pacific Trade Policy 5/1/2012 In remarks at Singapore Management University, the United States Trade Representative Ron Kirk described the Administration’s broad trade policy in the Asia-Pacific region as using the Trans-Pacific Partnership to make further progress with its trading partners around the Pacific Rim.
	New Zealand Determined To Return To Surplus 5/1/2012 New Zealand's 2012 Budget will aim at ensuring the government remains on track towards securing a budget surplus in 2014/15, a challenge which will require tight control over spending for the foreseeable future, the Finance Minister Bill English has said.
	NZ To Ease GST For Non-Resident Firms 4/23/2012 New Zealand is to remove goods and services tax 'impediments' for non-resident businesses in an effort to make the system less burdensome for such companies.
	NZ Consults On Salary Trade-Off Tax Proposals 4/18/2012 New Zealand's government is seeking views on its plans to broaden the tax rules for salary and benefit packages, intended to improve fairness in the tax system.
	No Quick Fiscal Fix For Heavily-Indebted Nations 4/12/2012 The Organisation for Economic Cooperation and Development has published a new study, warning of the extraordinary measures that are required to achieve fiscal consolidation in many advanced nations, now also facing expenditure pressures from ageing populations.
	Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change 4/12/2012 The UK tax authority, HM Revenue and Customs has indicated that tax relief available on pension transfers, under so-called Qualifying Recognised Overseas Pension Scheme structures, will no longer be available unless the Scheme is offered within the territory in which the expatriate is newly resident, putting a multi-million offshore industry at jeopardy.
	New Zealand Doing Well, IMF Says 4/9/2012 The International Monetary Fund has praised New Zealand's deficit reduction plan and called the government's macroeconomic stance appropriate in its latest review.
	WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
	World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global Information Technology Report for 2012, which is said to be the most comprehensive assessment of the preparedness of global economies to leverage the networked economy.
	APEC Focuses On Trade And Investment 4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative efforts to evaluate and identify initiatives to support freer, faster and more beneficial trade in the region that will lead ultimately, it is hoped, to a Free Trade Area of the Asia Pacific.
	NZ Looks To Join International IP Protocol 4/6/2012 New Zealand looks likely to sign an international protocol on the registration of trademarks, as it undertakes an ‘operational preparedness’ test to ready itself.
	New Zealand Closes Livestock Tax Loophole 3/30/2012 New Zealand has closed a loophole which allowed farmers to use two different livestock valuation methods to gain an unfair tax advantage.
	New Zealand Revenue Adjusts Interest Rates 3/29/2012 New Zealand has amended its use-of-money interest rates on underpaid and overpaid tax.
	Key Pushes For New Zealand-South Korea FTA 3/28/2012 In his remarks to the Kiwi Chamber of Commerce while in Seoul, New Zealand’s Prime Minister John Key pushed for a completion of his country’s free trade agreement with South Korea.
	New Zealand, Malaysia Discuss TPP 3/26/2012 New Zealand’s trade minister has been discussing the ongoing Trans Pacific Partnership negotiations as part of a Malaysian trade visit.
	Tax Policy Work Programme Unveiled In NZ 3/21/2012 New Zealand’s Revenue Minister has revealed the government’s new tax policy work programme, which consolidates the reforms of recent years and aims to return the country to surplus.
	External Panel To Review NZ Fiscal Policy 3/20/2012 New Zealand’s government has established an independent panel to review the Treasury’s own economic analysis.
	NZ Pushes Tax Credits For 'Payroll Giving' 3/15/2012 New Zealand's Revenue Minister Peter Dunne has praised the creation of a new website which offers information for employers seeking to establish Payroll Giving schemes in their workplaces.
	NZ Extends Filing Deadline For Earthquake Victims 3/13/2012 New Zealand's government has further extended relief measures for earthquake victims, providing extra time to prepare and file tax returns.
	TPP Talks Make Further Headway 3/14/2012 The Office of the United States Trade Representative has stated that the prospective Trans-Pacific Partnership free trade partners – Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the US, and Vietnam – made further strong headway during the recent eleventh round of negotiations in Melbourne.
	New Zealand Tax Revenues Below Target 3/12/2012 New Zealand's lower than forecast tax revenue reinforces the need for the government to responsibly manage its spending, Finance Minister Bill English has said.
	OECD Report Tackles Aggressive Tax Planning 3/8/2012 The Organisation for Economic Cooperation and Development has announced the launch of its latest publication, aimed at aiding governments to tackle the use of aggressive tax planning.
	New Zealand Gets Budget Date 2/29/2012 New Zealand's Finance Minister Bill English will deliver his 2012 budget on May 24. It will, he said, contain 'no big surprises'.
	APEC Business Leaders Push Asia-Pac FTA 2/29/2012 The Business Advisory Council of the Asia-Pacific Economic Cooperation is focused on taking further steps towards realizing the goal of an integrated Asia Pacific economy, and on liberalizing and facilitating trade and investment, leading ultimately to a Free Trade Area of the Asia Pacific.
	Japanese TPP Negotiations Depends On US Go-Ahead 2/28/2012 While the Japanese government has now concluded a first round of talks with each of the nine countries that are presently in negotiations for an extension to the Trans-Pacific Partnership, it is becoming apparent that it will be up to the United States to make the final decision whether to allow Japan to join those negotiations.
	New Zealand Tax Revenues Below Target 2/27/2012 New Zealand's tax receipts and revenues were up in the six months to December, 2011, but remained below the figures forecast.
	NZ Treasury Outlines Budget Priorities 2/24/2012 The New Zealand Treasury has issued its Budget Policy Statement, which sets out the overarching policy goals that will guide the government's fiscal decisions and its priorities for the forthcoming Budget.
	The Netherlands Ups Tax Treaty Negotiations In 2012 2/21/2012 Underlining the government’s commitment to negotiating new tax treaties with other countries, the Dutch finance ministry has recently outlined details of its specific plans for 2012.
	Singapore Tops 'Doing Business' Index 2/3/2012 The World Bank report, ‘Doing Business 2012’, the ninth in an annual series, ranks 183 economies on their ease of doing business, and reports a general improvement in the global business regulatory environment.
	Taiwan Looks To Join TPP Within 10 Years 1/31/2012 Following his re-election earlier this month, President Ma Ying-jeou has confirmed his wish to see Taiwan as a member of the Trans-Pacific Partnership within ten years, and to make Kaohsiung, in the south of Taiwan, into a free trade zone.
	Fiji Raises Departure Tax 1/27/2012 The Fijian government has been criticized after increasing its airport departure tax without giving sufficient formal warning.
	Australia Welcomes Indonesia Into Regional FTA 1/13/2012 Australia's Trade Minister Craig Emerson has welcomed the entry into force in Indonesia of the ASEAN-Australia-New Zealand Free Trade Agreement, hailing it a milestone in the relationship between the two countries.
	Hong Kong Remains World's Freest Economy 1/13/2012 For the 18th consecutive year, Hong Kong maintained its position as the world’s freest economy, according to the 2012 Index of Economic Freedom, published annually by The Heritage Foundation.
	Indonesia Ratifies ASEAN's FTA With Australia-NZ 1/11/2012 The ASEAN group's Free Trade Agreement with Australia and New Zealand fully came into force for all nations on January 10, 2012, with Indonesia the last party to ratify the agreement.
	NZ Smokers Face New Tax Rise 1/10/2012 New Zealand witnesses another rise in taxes on cigarettes, in a move that the government claims will increase the numbers of people quitting the habit.
	US Confirms TPP Not Aimed Against China 1/9/2012 At the Center for Strategic and International Studies in Washington to launch a speaker series entitled the "Trans-Pacific Partnership: Recovery through Growth in Asia and the Next Generation of Regional Trade Agreements", the Deputy National Security Adviser Michael Froman said that the proposed extension to the TPP is not directly aimed against the interests of China.
	Taiwan, New Zealand To Study ECA 12/21/2011 The New Zealand Commerce and Industry Office in Taipei and the Taipei Economic and Cultural Office in Wellington have agreed to begin a joint study on the feasibility of an Economic Cooperation Agreement between New Zealand and Taiwan.
	Singapore Tops Asia-Pac 'Good Governance' Index 12/14/2011 Vriens and Partners, an Asia-focused corporate advisory firm, has issued its 2011 ‘Good Governance for International Business’ index of 19 economies in the Asia-Pacific region, in which Singapore has edged out Hong Kong for the number one position.
	New Zealand Protests UK Aviation Tax Hike 12/14/2011 The UK's decision to increase Air Passenger Duty has sparked fierce criticism in New Zealand and Australia, with Prime Minister John Key fearing that the tax will put 'a significant burden on New Zealand businesses'.
	Barbados Tops Caribbean In Anti-Corruption Report 12/9/2011 The Caribbean arm of Transparency International has published its 2011 Corruption Perceptions Index for 2011, providing insight into the levels of corruption present in Caribbean territories, including those with international financial centres.
	US Puts Green Issues Within TPP Negotiations 12/8/2011 In a prepared statement, the Deputy United States Trade Representative, Demetrios Marantis, has introduced a ‘green paper’ on how environmental initiatives are being forwarded within the Trans-Pacific Partnership negotiations.
	Jersey Litigation Fund Breaks New Ground 12/5/2011 Offshore law firm Carey Olsen has broken new ground with the first ever listing of a litigation fund on the Channel Islands Stock Exchange after it advised Argentum Capital Limited on the Jersey legal aspects of its multimillion-pound listing.
	Mexico Has OECD's Lowest Tax Burden 11/30/2011 The Organization for Economic Cooperation and Development has published its annual report on the tax burdens in place in 2010 among its members, which shows that Mexico had the lowest tax-to-GDP ratio at 18.7%.
	Corporate Responsibility Reporting Hits Record High 11/25/2011 The UK now tops the global rankings for corporate responsibility reporting, with Japan coming a close second, according to a new report from KPMG.
	APEC Looks At Regional Economic Integration 11/17/2011 Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu Declaration’, which looks towards a 'seamless regional economy', by strengthening regional economic integration and expanding trade, promoting green growth, and advancing regulatory convergence and cooperation.
	Lower Tax Revenues Widen New Zealand Deficit 11/16/2011 Lower than expected tax receipts have led to a larger deficit than projected by the New Zealand government in the quarter which ended in September, although the government remains on track to meet its deficit target for the year, according to Finance Minister Bill English.
	TPP Participants Reach Outline Agreement 11/16/2011 Following talks on the sidelines of the Asia-Pacific Economic Cooperation Leaders Meeting in Honolulu, the countries negotiating the proposed extension to the Trans-Pacific Partnership - Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, the United States and Vietnam – announced they had reached the broad outlines of an agreement.
	New Zealand, Hong Kong DTA Enters Into Force 11/11/2011 The bilateral comprehensive double taxation agreement between Hong Kong and New Zealand, which was signed on December 1, 2010, entered into force on November 9, 2011.
	New Zealand First Promises To Cut GST 11/7/2011 New Zealand First Leader, Winston Peters, promises to reduce Goods and Services Tax back to 12.5% and lower personal, savings and company tax across the board.
	Strong Progress Made In TPP Talks 11/1/2011 On October 28, 2011, the United States and its Trans-Pacific Partnership partners - Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam - concluded a ninth round of negotiations in Lima, Peru.
	Taiwan Hopes NZ Trade Treaty Will Be First of Many 10/28/2011 Following the announcement of possible talks on a bilateral trade treaty with New Zealand, Foreign Minister Timothy Yang has confirmed that Taiwan is looking at similar agreements with other countries.
	Study Points To Mutual Benefits For APEC And TPP 10/28/2011 Despite the different nature of their negotiations, a study prepared by the Policy Support Unit of the Asia-Pacific Economic Cooperation has explored how APEC and the Trans-Pacific Partnership can be mutually beneficial.
	New Zealand Tax Man Targeting Overseas Accounts 10/19/2011 New Zealand Inland Revenue has issued a revenue alert advising people that they are required to declare all income from foreign sources.
	New Zealand To Tighten Company Rules 10/17/2011 A bill that tightens rules around company directors and company registration has been introduced to the New Zealand Parliament by Commerce Minister Simon Power.
	Earthquake Levy To Rise In New Zealand 10/13/2011 New Zealand Earthquake Commission levies will rise early next year to help rebuild the Commission's Natural Disaster Fund and to more realistically reflect the Commission's operating costs, Finance Minister Bill English has announced.
	Gift Duty Ends In New Zealand 10/7/2011 The burden of gift duty whose compliance cost New Zealanders NZD70m (USD54m) a year for a tax haul of only about a million dollars annually has been lifted from their shoulders.
	Thailand Ranked Top Expat Destination 10/7/2011 Despite ongoing economic turmoil and political unrest in many parts of the world, a preview of HSBC's 2011 Expat Explorer survey shows that expats remain generally happy in their new countries, with Thailand topping the list of the most popular expat destinations.
	New Zealand Looking To Simplify Tax Administration 10/4/2011 New Zealand Revenue Minister Peter Dunne has called for public submissions on a number of remedial matters focused on simplifying aspects of tax administration and compliance.
	Eight Countries Sign ACTA 10/4/2011 The United States Trade Representative has issued a statement on behalf of Australia, Canada, the European Union and its member states, Japan, South Korea, Mexico, Morocco, New Zealand, Singapore, Switzerland and the United States, who have reaffirmed their commitment to the Anti-Counterfeiting Trade Agreement at a signing ceremony in Tokyo.
	Hong Kong Tops Economic Freedom Index 9/23/2011 Hong Kong has once again topped the Fraser Institute's Economic Freedom Index, which measures the degree to which the policies and institutions of countries are supportive of economic freedom.
	US Points To Progress In TPP Negotiations 9/22/2011 A statement from the Office of the United States Trade Representative has disclosed that the nine countries involved in negotiating the extended Trans-Pacific Partnership– the United States, Australia, Peru, Vietnam, Malaysia, New Zealand, Chile, Singapore and Brunei – have made progress in a further round of negotiations in Chicago.
	New Zealand Looks To Slow Down Its Emissions Trading Scheme 9/16/2011 The New Zealand Government has released the Emissions Trading Scheme Review Panel’s report, Doing New Zealand’s Fair Share, which recommends the implementation of the scheme be slowed down.
	New Zealand To Simplify Tax Filing Requirements 9/15/2011 New Zealand Revenue Minister Peter Dunne says a new tax bill tabled on September 14 will simplify tax filing requirements for individuals and support businesses in handling their tax obligations electronically.
	Aviation Body Slams EU's 'Massive' Carbon Tax 9/16/2011 The International Air Cargo Association is urging the European Union to suspend implementation of its controversial Emissions Trading Scheme for aviation and to instead pursue a global agreement of aviation carbon emissions through the International Civil Aviation Organization.
	Goodbye To New Zealand Gift Duty 9/6/2011 The law that will get rid of New Zealand's gift duty received its Royal Assent last week in yet another milestone in removing the antiquated tax, Revenue Minister Peter Dunne said.
	New Zealand Tax Bills Pass Into Law 9/2/2011 Two tax bills guided through Parliament by New Zealand Revenue Minister Peter Dunne have now received Royal Assent.
	Renewed Calls For New Zealand Earthquake Tax 9/1/2011 The New Zealand government must consider new taxes to help address the skyrocketing costs of the Canterbury earthquakes, say opposition party leaders.
	New Zealand Government Welcomes Tax Avoidance Ruling 8/29/2011 The New Zealand Supreme Court has dismissed an appeal by two Christchurch surgeons who had challenged a ruling that the use of family trusts to artificially lower their salaries was illegal tax avoidance.
	New Zealand Consults On Cross-Border GST Issues 8/25/2011 A discussion document released by the New Zealand government for public consultation seeks feedback on options for addressing issues relating to goods and services tax as it applies to businesses trading with each other across borders.
	New Zealand Gift Tax Repeal Passes 8/22/2011 New Zealand Revenue Minister Peter Dunne has welcomed the passage of legislation that will make the tax system more efficient, reduce compliance costs and finally abolish gift duty.
	New Zealanders Back 'No GST On Food' Campaign 8/18/2011 New Zealanders came out in force on Tuesday, August 16, to demonstrate their strength of feeling about Goods and Services Tax on food, and presented Parliament with a petition signed by 40,000 people asking for it to be removed.
	Withholding Tax Cut In NZ's DTAs with Mexico, Chile 8/17/2011 Peter Dunne, New Zealand’s Minister of Revenue, has announced new lower non-resident withholding tax rates on dividends and royalty payments under New Zealand’s double tax agreements with Chile and Mexico.
	NZ Business Assesses Impact Of Australian Carbon Tax 8/16/2011 The dangers of making hasty comparisons between the carbon schemes of Australia and New Zealand based on carbon price alone are highlighted in an independent report carried out for BusinessNZ.
	New Zealand Savings Scheme Will Not Be Taxed Under Opposition’s Proposals 8/9/2011 New Zealand KiwiSaver funds will not incur capital gains tax on their share investments under the Opposition Labour Party’s policy proposals unveiled last month, the Party has confirmed.
	New Zealand AA Says No To Carbon Tax On Fuel 8/3/2011 The New Zealand Automobile Association has called for an exemption from carbon tax on fuel, to match the plans currently being made in Australia.
	New Zealand IR Launches Compliance Focus Report 7/28/2011 New Zealand Revenue Minister Peter Dunne has applauded the release of the Inland Revenue’s compliance focus report which is aimed at helping New Zealanders meet their tax obligations.
	Poll Shows Support For New Zealand CGT 7/25/2011 According to a research poll the New Zealand Labour Party’s proposed introduction of a capital gains tax is supported by more people than are opposed to it.
	Report On New Zealand Treasury Performance Published 7/21/2011 The New Zealand Treasury, which periodically assesses the performance of its economic and tax forecasts and publishes the findings on its website, has released its latest stock take with data up to the 2010 calendar year.
	New Zealand Labour Party Reveals Tax Plans 7/18/2011 New Zealand opposition leader Phil Goff has revealed the Labour Party's plans for the country’s economy, including introducing a capital gains tax and an increase in the top tax rate. The plans were unsurprisingly met with scorn by the government.
	New Zealand Publishes AML Regulations 7/4/2011 Entities subject to the New Zealand Anti-Money Laundering and Countering Financing of Terrorism Act 2009 have two years to be compliant, following the publication of regulations and a commencement order.
	Further Progress Reported At TPP Talks 6/29/2011 A statement from the Office of the United States Trade Representative has disclosed that the nine countries involved in negotiating the extended Trans-Pacific Partnership have successfully concluded the seventh round of their negotiations in Ho Chi Minh City, Vietnam.
	Failed Software Developments To Be Tax Deductible In New Zealand 6/23/2011 New Zealand Revenue Minister Peter Dunne has announced that businesses will be able to claim tax deductions on failed software developments because not to do so would inhibit productivity and innovation.
	Trans-Tasman Carbon Scheme Studied 6/22/2011 During a visit to Australia by John Key, New Zealand Prime Minister, Julia Gillard, Australian Prime Minister announced that government officials would be working with their counterparts in New Zealand to study whether the two countries’ emissions trading schemes can be linked.
	Dunne Outlines NZ Compliance Measures 6/17/2011 In his speech to the KPMG 2011 Christchurch Tax Briefing, Peter Dunne, New Zealand Minister of Revenue, took the opportunity to talk about compliance, and the fact that the country’s tax system relies on voluntary compliance as the most efficient way to gather taxes.
	New Zealand Pushing India FTA 6/15/2011 New Zealand's Prime Minister John Key (pictured), accompanied by Trade Minister Tim Groser and a 25-strong business delegation, will meet with key Indian individuals to discuss furthering bilateral trade and investment, with talks expected to focus on a proposed trade pact aimed at reducing tariffs.
	OECD Surveys Transfer Pricing Regimes 6/15/2011 The Organization for Economic Cooperation and Development has conducted a major new survey on the simplification of transfer pricing regimes, and found that over 80% of respondents have simplification procedures in place.
	New Zealand Eases Tax Burden On Wineries 6/14/2011 More than half of New Zealand’s wineries will benefit from changes made by the government to wine excise regulations. It is expected that more than 350 businesses will benefit.
	New Zealand Runs Record Deficit 6/9/2011 The New Zealand government is set to run a record budget deficit of NZD16.7bn for the year ending June 30, as forecast in last month's Budget, according to Finance Minister, Bill English.
	OECD Reviews Jurisdictions' Tax Transparency 6/2/2011 The Organisation for Economic Cooperation and Development has released a series of new Peer Review reports, covering the exchange of information for tax purposes, and making recommendations for improvements in this area.
	New Zealand Prime Minister Defends Farmers 5/31/2011 The Prime Minister of New Zealand, John Key, has defended the country’s farmers against accusations from the Labour leader, Phil Goff, that they are not paying enough tax.
	Business Blasts Key's Lack Of Budget Ambition 5/25/2011 According to the New Zealand Business Roundtable the government has taken some commendable decisions in the budget but they do not amount to a coherent plan for economic growth and for removing serious foreseeable risks.
	TPP Negotiators Take Stock Of Progress 5/25/2011 Trade ministers from the nine countries involved in negotiating the extended Trans-Pacific Partnership – the United States, Australia, Peru, Vietnam, Malaysia, New Zealand, Chile, Singapore and Brunei – have met to take stock of progress made so far and to consider the path forward as they seek to conclude a high-standard, regional trade agreement.

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