FBT - prescribed rate of interest
1 June 2000 Media Statement
FBT - prescribed rate of
The rate used to calculate fringe benefit tax
for low interest employment-related loans has been increased
in line with market rates.
The new rate, which will apply
from the quarter beginning 1 July 2000, will be 8.1 percent,
up from 7.59 percent.
The rate is reviewed regularly to
ensure it is in line with the Reserve Bank survey of first
mortgage housing rates. It was last adjusted for the
quarter beginning 1 April 2000.
The rate was changed by
Order in Council on 29 May
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Gordon Campbell: On Our Military Roles In Iraq & Afghanistan
The politics of the deployment extension have degenerated into a slanging match about whether the previous National government was right or wrong to make the initial commitment to Iraq – and whether the extension is a responsible thing given our joint training role in Iraq with Australia, or is hypocritical in the light of prior statements made by a previous Labour leader etc. etc. etc.
As usual, the benefit – or otherwise – of our military presence to the people on the receiving end has barely had a look in. More>>