Subscribe today - find out more
Why you should consider BusinessDesk

DAVID CHAPLIN: Share traders, crypto-jugglers and the IRD

David Chaplin
Wed, 07 Oct 2020

David Chaplin
Wed, 07 Oct 2020
In line with offshore markets, the NZX has seen a rush of new investors this year, encouraged by low interest rates, idle lockdown hours and easy app-based access.The trend has not escaped the attention of the Inland Revenue Department which, despite the absence of a formal capital gains tax in New Zealand, may have some claims on profits generated in the NZX retail frenzy.According to the IRD website, profits accrued through trading NZ and most Australian shares could be taxed at an individuals’ marginal rates “where an investor is...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Coronavirus Analysis
The glaring gaps in our vaccine rollout
Andy Fyers | Fri, 24 Sep 2021

We may well hit the all-important 90% mark, but coverage remains extremely inequitable and that is a problem if we want to move past lockdowns.

Air NZ CEO: mandatory vaccination 'the right thing to do'
Paul McBeth | Fri, 24 Sep 2021

CEO Greg Foran says delta risks convinced airline it needed more protection for its staff.

Technology FREE
Digital kiwis for charity an instant hit
Henry Burrell | Fri, 24 Sep 2021

A Christchurch IT worker is selling unique digital kiwi birds and donating some of the proceeds to charity. 

Demand driven change an easier route to carbon reduction

Taking a demand-driven approach to carbon reduction will naturally bring us into line with government targets.

Kiwi security technology leading the world

Businesses must take advantage of our home-grown, world-leading, internationally-valued cyber defence systems to manage risk.