Thursday , July 18 2019
Breaking News
Home / International Customs / New Zealand (page 5)

New Zealand

New Zealand ‘people’s’ budget sees Ardern put billions more into health and education


Prime minister says she wants her child to look back and judge efforts favourably rather than want to change their name The first Labour government in close to a decade has pledged to make New Zealand a kind and equitable nation where children thrive, and success is measured not only by the nation’s GDP but by better lives lived by ... Read More »

Third arrest in suspected gang related Mangere shooting case


A third man has been arrested in relation to a fatal shooting in Mangere last week. Epalahame Tu’uheava, 28, died in the shooting on Greenwood Road. Police said a 25-year-old man had been charged with his murder and the attempted murder of his wife. He shared the charge with two other men arrested yesterday. The man is set to appear ... Read More »

‘Pay up or get arrested’: Kiwis hit by IRD scam


Police have warned New Zealanders to be vigilant with scam callers telling people they are under investigation by the IRD (Inland Revenue). The scam, which has been targetting people around the country, alleges people owe money to the IRD and would be arrested if they don’t pay up. The automated message is recorded in a New Zealand accent and asks ... Read More »

ASB debt rating outlook cut ‘negative’ after parent CBA slammed in regulator’s report


The outlook on ASB Bank’s debt rating was lowered by Fitch Ratings following a damning report into the culture and governance of its parent Commonwealth Bank of Australia (CBA). The outlook on ASB’s AA- long-term foreign and local currency debt ratings was cut to ‘negative’ from ‘stable’ after the Australian Prudential Regulation Authority (Apra) report released late last month criticised ... Read More »

Taxpayers’ Union to present submission to Tax Working Group


WILLING TON: Taxpayers’ Union Executive Director Jordan Williams says, “We look forward to hearing the Working Group acknowledge not just our own submission, but those of the 800 or so taxpayers who have submitted via our website.” “The basic message from our supporters is clear: the Tax Working Group should not be used as an opportunity to dig even deeper ... Read More »

New Zealand posts surprise trade deficit


WILLING TON: New Zealand’s merchandise trade balance slipped into deficit in March on the back of a big rise in imported fuel costs for the month. The deficit came to 86 million New Zealand dollars. Economists had expected a median surplus of NZ$275 million for the month. The biggest increase in monthly fuel imports for five years saw total imports ... Read More »

Emissions tax would result in higher dairy and fuel prices

WILLING TON: Making businesses pay for their cost to the environment would drive up the price of dairy and petrol, industry commentators say. The Productivity Commission’s Low-emissions economy draft report suggested introducing an emissions price, likely to be in the form of a tax or charge, for households and businesses to pay for each unit of greenhouse gas they produced. The price should be at least ... Read More »

Spanish tuna group proposes changes to EU standards for fish imports


MADRID: A segment of the Spanish tuna fleet, grouped in the organization of associated large tuna freezing vessels (OPAGAC), has proposed to the European Commission that its responsible fishing tuna standards (APR) serve as a basis of new EU fish import standards. The APR standard is the only one in the fishing sector that guarantees social and labor rights on ... Read More »

Budget real test of new government


WILLING TON: Labour and its governing partners have been laying the groundwork for a Budget that will signal new priorities for spending, after building the case for significant increases to public sector funding. Ministers have been dropping claims of ‘fiscal holes’ in health, education and defence and will have others lined up before Budget Day. Until now it has been ... Read More »

Electric cars skip petrol tax hike in New Zealand


WILLING TON: Controversy is arising in New Zealand regarding the potential tax benefits to be seen by electric cars after the introduction of fuel taxes in the country’s biggest city, Auckland. Currently, the government of New Zealand is investigating the feasibility of hiking petrol taxes in New Zealand by between NZD 0.09 per litre to NZD 0.12 per litre, with ... Read More »

Coal is used for much more than just electricity generation


WILLING TON: New Zealand coal is used for much more than just electricity generationStraterra, New Zealand’s minerals sector industry organization, has welcomed Energy Minister Megan Woods comment on TVNZ’s Q and A on Sunday that the government has no plans to end coal mining in New Zealand, particularly in light of government’s recent decision to ban all offshore exploration for ... Read More »

New Zealand proposes research and development tax incentive


WILLING TON: The New Zealand government on April 19 launched a public consultation on a proposal to adopt a research and development tax incentive. The proposed tax break would be designed to encourage businesses to invest more in New Zealand research and development. The discussion document seeks public feedback on which types of businesses, research and development activities, and expenditure should be ... Read More »

New Zealand makes good on R&D tax incentive promise


WILLING TON: New Zealand can factor in overseas research and development expenses when a new 12.5 percent tax credit takes effect, part of the country’s ambitious plan to attract and boost businesses. The new research and development incentive will apply to businesses incurring relevant expenditures starting on April 1, 2019. The creation of the incentive was foreshadowed by the Labor Party in ... Read More »

Govt plans tax credit for research and development


WILLING TON: Minister of Research, Science and Innovation Megan Woods made the announcement at the electronic manufacturing company Enatel in Christchurch this morning. Dr Woods said it was a key lever in diversifying the economy and creating new industries with highly skilled jobs. “This government is committed through our coalition agreement with New Zealand First to increasing business R&D expenditure ... Read More »

Tobacco tax zealots are now changing their tune


WILLING TON: On the AM Show this morning, Hāpai Te Hauora CEO Lance Norman admitted that tobacco excise “is having a negative impact on other areas of the community so we need to work out how we address that issue.” Mr Norman pointed out that even with such punitive taxes, over a third of Māori continue to smoke, and went ... Read More »

Government again targets regional NZ


WILLING TON: National stands behind New Zealand’s international commitments to reducing emissions but has cautioned against drastic action which will unfairly impact New Zealand farmers and businesses, spokesperson for Climate Change Todd Muller says. “The Government has today established an Interim Climate Change Committee that will work on New Zealand’s efforts to meet our international climate change commitments – and ... Read More »

NZ dollar falls vs Aussie on stronger than expected china imports


WILLING TON: New Zealand dollar fell against its Australian counterpart as the Aussie benefitted from stronger-than-expected Chinese import data and ahead of domestic data this week which is expected to show inflation remains weak. The kiwi dollar fell to 94.57 Australian cents as at 8am in Wellington from 94.72 cents in New York on Friday. The kiwi traded at 73.53 ... Read More »

National updates tax ad to fight Labour’s fuel tax


WILLING TON: The National Party is highlighting Labour’s double whammy of national and regional fuel tax increases by launching an advertisement to illustrate the costs faced by consumers and a petition to encourage people to voice their opposition, National’s Transport Spokesman Jami-Lee Ross says. “These taxes will hurt consumers in the pocket. As well as the direct impact on what ... Read More »

March car sales affected by stink bug biosecurity scare


WILLING TON: Used car sales in March plunged 18% on a year ago, as stink bug-infested ships were turned away from New Zealand shores for biosecurity reasons. New and used car sales dropped 6.6% in February and 4.4% in MarchInfometrics economist Hilary Parker said stricter controls for dealing with car shipments from Japan was likely to continue to slow the ... Read More »

NZ dollars seen resilient despite trade war fears


WILLING TON: The Australian and New Zealand dollars are likely to stay resilient this year, a Reuters poll showed, even as fears of a global trade war spark wild gyrations in currency markets. The survey of 33-47 analysts plotted an uneventful future for the Australian dollar, which is seen at $0.7700 in one-month, $0.7800 in three months, $0.7720 in six ... Read More »