In a speech today to the ICANZ tax conference, MP David Cunliffe, Parliamentary Private Secretary to the Minister of Finance and Revenue, outlined the contribution of various tax policy measures over the next two years to the government's growth and innovation strategy. The tax focus is to be on international tax, compliance costs for small to medium-sized enterprises, and specific issues identified by the private sector taskforces that are part of the growth and innovation framework, he told the conference. He also announced the release for public comment of officials' analysis of the Tax Review recommendation of an 18% tax rate for new foreign direct investment. The closing date for comment is 30 November. For more information see:
Officials' report to the government on the taxation of inbound investment
In a budget media statement of 23 May, Revenue Minister Michael Cullen announced that he would release for comment officials' analysis of the Tax Review recommendation of an 18% tax rate for new foreign direct investment. Their analysis is contained in the 3 May 2002 report, "Taxation of inbound investment", published here (DOC 190KB, PDF 200KB)
Interested parties should send their comments by 30 November to:
[email protected]
or:
Taxation of inbound investment report
The General Manager
Policy Advice Division
Inland Revenue Department
PO Box 2198
Wellington
