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'Omissions and incorrect interpretations in IRD trusts taxation statement'

Tuesday, 18 July, 2017 - 14:23

An Inland Revenue Interpretation Statement on income taxation of trusts has some key omissions and also incorrectly interprets the law in some areas, the New Zealand Law Society says.

Highest current account deficit since financial crisis - Stats NZ

Wednesday, 14 June, 2017 - 10:46

Record imports in the first three months of 2017 contributed to the largest quarterly current account deficit since December 2008, Stats NZ said today.

Higher earnings from overseas shrinks current account deficit

Wednesday, 15 March, 2017 - 10:45

New Zealand earned more income from our overseas investments in the December 2016 quarter, Stats NZ said today. This resulted in the lowest current account deficit since March 2014.

Banking sector funds current account deficit

Thursday, 22 December, 2016 - 10:44

New Zealand’s seasonally adjusted current account deficit increased to $1.9 billion in the September 2016 quarter, Statistics New Zealand said today. This is a small increase from the June quarter deficit of $1.8 billion and was funded by the banking sector.

Falls in dairy and travel exports widen current account deficit

Wednesday, 16 March, 2016 - 10:45

New Zealand’s seasonally adjusted current account balance widened by $221 million in the December 2015 quarter, to a deficit of $1.9 billion, Statistics New Zealand said today. The larger deficit was driven by a fall in earnings from both goods and services exports.

Overseas visitor spending drives fall in current account deficit

Wednesday, 16 December, 2015 - 10:45

New Zealand’s seasonally adjusted current account balance was a deficit of $1.8 billion in the September 2015 quarter, Statistics New Zealand said today. This is down $332 million from the June 2015 quarter.

Net exports widen current account deficit

Wednesday, 16 September, 2015 - 10:45

A rise in New Zealand’s overseas expenditure combined with a fall in earnings from exports drove an increase in our seasonally adjusted current account deficit, Statistics New Zealand said today.

Oil helps current account deficit narrow

Wednesday, 17 June, 2015 - 10:45

Lower oil prices at the start of 2015 drove a decrease in New Zealand's overseas expenditure in the March 2015 quarter, Statistics New Zealand said today. This helped New Zealand's seasonally adjusted current account deficit fall to $1.8 billion.

Official Cash Rate reduced to 3.25%

Thursday, 11 June, 2015 - 09:00

Statement by Reserve Bank Governor Graeme Wheeler:

The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 3.25 percent.

Balance of payments data 'a dose of reality'

Thursday, 19 March, 2015 - 18:27

New Zealand First says the latest Statistics New Zealand balance of payments data is not good news with no improvement over the previous quarter.