KiwiSaver funds face unrealised capital gains tax on NZ and Aussie shares
By Pattrick Smellie Feb. 21 (BusinessDesk) - Managed funds, including KiwiSaver schemes, will pay unrealised capital gains tax on changes in the value of the New Zealand and Australian shares if the recommendations of the Tax Working Group applying to portfolio investment enti...
A guide to the Tax Working Group's 'other' recommendations
By Pattrick Smellie Feb. 21 (BusinessDesk) - The New Zealand Superannuation Fund shouldn't have to pay income tax, rubbish and traffic congestion taxes should be pursued, and the "unusually loose" rules governing privately controlled foundations and trusts need new rules, the...
FIRST CUT: Extend capital gains tax while taxing low and middle income earners less: Tax Working Group
By Pattrick Smellie Feb. 21 (BusinessDesk) - The Tax Working Group’s final recommendations urge the government to make a broad extension to the capital gains tax regime while allowing low and middle income earners to earn more at lower tax rates and receive higher levels of ta...
Skyline to spend 'north of $100m' upgrading Queenstown's iconic gondola
By Pattrick Smellie Feb. 21 (BusinessDesk) - Skyline Queenstown is finalising detail on a project to upgrade the tourism mecca's iconic gondola service in a project that chairman Mark Quickfall says will require "north of $100 million" of new investment. The project reached...
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