Weekly Wrap: Taxing Week
What a taxing week. While it has been taxing getting back into the swing of things after two short weeks, the theme over the past few days has indeed been tax.
Friday, February 10th 2006, 1:01PM
More specifically how the government plans to tax portfolio investments.
While not exactly the most glamorous of topics, it is hugely important as so much money is invested offshore. And there is anecdotal evidence money is starting to drift into international funds again.
There are two stories on the site about what’s happening, a speech the revenue minister made to the FPIA, and one Blog to provide a bit of commentary on what is going on.
Australian investments to be treated like local ones
Investments in Australia will maintain their capital tax-exempt status under modified tax proposals being considered by the government. [more]
Modifications to tax proposals incur scepticism
News that the government is considering taxing offshore earnings on an earnings per share basis has been greeted with scepticism. [more]
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Maybe the answer is a capital gains tax? |
People
People gets elevated this week. The main highlights are Mrs Diplock’s extended tenancy at the Securities Commission, and changes at the top of BT Funds. [more]
Deposit Rates
Another important story is what is happening in the finance company rating area. We have reaction to the decision by Rapid Ratings to pull out of the New Zealand. [more]
SuperTalk
In Superannuation news there is the AXA Retirement Scope survey that compares New Zealand with a bunch of other countries.
New Zealanders too relaxed about retirement
Although the ostrich is the bird which is supposed to put its head in the sand, the latest AXA Retirement Scope survey suggests the Kiwi is emulating that undignified position. [more]
Also Office of the Retirement Commissioner is taking over the periodic reviews of New Zealand’s superannuation regime. As our story shows the commission is scoping out where to go and wants to hear people’s views.
Commission looking to review super
The Office of the Retirement Commission is gearing up for its first review of retirement policy. [more]
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Special Report
This month’s Special Report is a little different to previous ones. In it we conduct a review of the OMNIMax software package. Also you can take advantage of a special offer and buy a version of the financial planning software online at www.assetmagazine.co.nz.
Insurance News
Kiwisaver good for insurance industry
The government’s KiwiSaver workplace savings scheme represents a big opportunity for the country’s insurance business, says Tower Group managing director Jim Minto. [more]
Liberty expected to take seat on Pero board
New Zealand Finance Holdings (NZF) said it would expect Liberty Financial to bid for a seat on the Mike Pero Mortgages (MPM) board now it had obtained a 10.1% stake.
Attractive rates name of the game
Weekly home loan report: More, more and still more – there’s no let-up in the fixed rate decreases. [more]
Liberty blocks NZ Finance takeover offer
Melbourne-based mortgage group Liberty Financial has blocked New Zealand Finance’s takeover of Mike Pero Mortgages (MPM).
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| « Tax reform is like rust - it never sleeps. | Weekly Wrap: How things are changing » |
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