Copying and distributing are prohibited without permission of the publisher

Tax dominates New Zealand budget

21 May 2010

Tax has dominated New Zealand's annual budget, five months after the government was told that the country's tax base was under threat.

Tax has dominated New Zealand's annual budget, five months after the government was told that the country's tax base was under threat.

The changes come after a body known as the Tax Working Group that was set up to review tax rules concluded that the system had become incoherent.

The government accepted this approach and so Bill English, the finance minister, used his speech to outline significant tax alterations.

The corporate tax rate will be reduced from 30% to 28%...



This article is locked content, available to current subscribers or triallists.

  • Current subscribers or trialists - Please log in to view this article in full.
  • New users - Please take a free 7 day trial.
  • Expired subscribers or trialists - Please subscribe to gain immediate full access.

If you think you've received this message in error, please contact your account manager, Nick Burroughs:
Email: nburroughs@euromoneyplc.com, Tel: +44 (0)207 779 8379

Subscribe now

Subscribe today to gain full access to International Tax Review.

Subscribe

Free trial

Take a free trial now and gain 7 days of full access to International Tax Review.

Free trial




Which possible outcome of the G20 / OECD BEPS project would carry the biggest fear for your company?