Imminent tax reform to make NZ investment more attractive

A new QDMTT regime would have the effect of “equalising” differences between the impacts of NZ's and other countries’ tax regimes. (Image: Getty)

Pattrick Smellie

Thu, 04 May 2023

Adopting new international tax avoidance rules should make New Zealand more attractive to foreign investors, according to submissions to the finance and expenditure committee on the tax department’s long-term insights briefing.Asked by National’s finance spokesperson Nicola Willis for the one thing that could improve NZ’s competitiveness for foreign direct investment, tax consultant John Cantin identified the imminent introduction of a qualified domestic minimum tax top-up (QDMTT) regime.The new regime would have the effect of...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am