McClay seeks to water down 130-year-old tax secrecy rules

Article – BusinessDesk

Nov. 11 (BusinessDesk) – Revenue Minister Todd McClay is seeking feedback on plans to water down New Zealand’s 130-year-old tax secrecy provisions as part of a tax administration law review that would give government agencies more access to tax … Read more »

Southern Response says Crown support will cover liabilities

Article – BusinessDesk

Nov. 11 (BusinessDesk) – Southern Response Earthquake Services, the Crown entity established to house AMI Insurance’s earthquake liabilities, says existing Crown support of up to $1 billion will be enough to cover its current liabilities, and … Read more »

Business Transformation: IRD cooperates with Xero and MYOB

Press Release – New Zealand Government

Revenue Minister Todd McClay says New Zealand and international companies are reaping the benefits of the billion dollar programme to modernise and simplify New Zealands tax administration. Read more »

Financial Statements of the Govt of NZ, 3 Months to 30/9/15

Press Release – New Zealand Treasury

The operating balance before gains and losses (OBEGAL) was a deficit of $545 million for the three months to 30 September, which was $253 million lower than the expected deficit based on BEFU [While the current full year forecast is for an OBEGAL surplus, … Read more »

TPP central banks to refrain from currency manipulation

Article – BusinessDesk

Nov. 6 (BusinessDesk) – The Reserve Bank of New Zealand and its 11 counterparts in the Trans-Pacific Partnership trade and investment pact have agreed to avoid unfair currency manipulation as part of a regionwide push for greater cooperation, adopting … Read more »

NZ govt books back in the red in first 3 months of 2016 year

Article – BusinessDesk

NZ govt books back in the red in first three months of 2016 year, tax take beats estimate Read more »

Property Institute warns of ‘unintended consequences’

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is questioning a proposal, from Treasury, to further restrict mortgage lending by banks and has repeated his warning of unintended consequences made earlier this year. Read more »

NZ Treasury to study policy advice after papers miss target

Article – BusinessDesk

Oct. 22 (BusinessDesk) – The Treasury will put its policy advice under the microscope to figure out if it has a “systemic” problem after missing its technical performance target, and will revisit regulatory impact statements which were well … Read more »

Treasury’s Annual Report shows confidence and collaboration

Press Release – New Zealand Treasury

The Treasury’s Annual Report for the fiscal year that ended on 30 June 2015 has been tabled in Parliament and published on its website. Read more »

Surplus underscores NZ’s positive ratings outlook: Fitch

Article – BusinessDesk

Oct. 15 (BusinessDesk) – New Zealand’s unexpected budget surplus “underscores” Fitch Ratings’ positive outlook on the sovereign AA rating, although questions linger about the health of the dairy sector. Read more »

Financial Statements of the Government of NZ to 30/6/15

Press Release – New Zealand Treasury

The Financial Statements of the Government of New Zealand for the financial year ended 30 June 2015 were released today. Read more at Read more »

Greens celebrate $120 million savings from banking tender

Press Release – Green Party

The Green Party is celebrating the conclusion of an uphill battle to get National to run a competitive tender process for New Zealands biggest banking contract the Governments master banking contract. Read more »

Westpac keeps core government transactions contract

Article – BusinessDesk

Oct. 5 (BusinessDesk) – The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. Read more »

Monthly Economic Indicators September 2015

Press Release – New Zealand Treasury

The September Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events. Read more »

NZ In 2015 Open Budget Survey: Results and Event

Press Release – Jonathan Dunn

Results for the 2015 Open Budget Survey (OBS) assessing budget transparency and accountability were recently released. The IGPS-hosted dissemination event is scheduled for Monday 5 October . Read more »

Balance of Payments and International Investment Position

Press Release – Statistics New Zealand

Of New Zealands $202.8 billion total investment abroad, 60.7 percent was in Australia, the United States, and the United Kingdom. Read more »

Early levy removal shows crisis manufactured

Press Release – New Zealand Labour Party

The early removal of ACC residual levies confirms that Nationals manufactured crisis in ACC when they took office was just an excuse to over-charge ACC levies for the past seven years, Labours ACC spokesperson Sue Moroney says. Read more »

Regional amenities, independent review of rail costs

Press Release – Auckland Council

A number of reports were presented and discussed at todays Finance and Performance Committee. The following is a digest of decisions made. Read more »

Parliament should back pathway to work

Press Release – New Zealand Government

People receiving benefits would get a much needed financial boost from part-time work and a pathway into full-time employment under a new Members Bill drawn today, says the Bills sponsor and Social Development spokesperson Carmel … Read more »

English: On Social Investment

Speech – New Zealand Government

It is a pleasure to launch this Treasury Guest Lecture Series focused on social investment. Read more »

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