How tax rules discourage foreign investor migrants to NZ

Americans wanting to emulate US billionaire Julian Robertson's NZ investments face tax hurdles. (Image: NZME)

Mon, 06 Jan 2025

New Zealand’s foreign investment tax regime is believed to be deterring wealthy migrants from settling and investing in this country, prompting reform proposals from the Inland Revenue Department.Acting on Government instructions, the tax department (IRD) has issued a discussion paper for submissions on the issue.The impact of the foreign investment fund (FIF) regime is greatest on migrants from the United States, whose government taxes their worldwide income, no matter where they live.The issue has been bubbling to the surface since befo...

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