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Economy Well-Placed To Weather Global Slowdown

Finance Minister Michael Cullen said the latest National Bank Regional Trends survey was yet more evidence that New Zealand was well-placed to weather the effects of a global slowdown.

“It shows continuing growth across most regions in the September quarter, and nationwide growth in the September year of 3.4 percent.

“As a trading nation, New Zealand cannot help but be affected by a deterioration in the international outlook. But the strong start to the year will give the economy the resilience and momentum to cope with the downturn, and to take early advantage of a world recovery,” Dr Cullen said.

Ends



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Taxing Capital Gains: Tax Working Group Delivers Final Report

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“All members of the Group agree that more income from capital gains should be taxed from the sale of residential rental properties. The majority of us on the Group, by a margin of 8-3, support going further and broadening that approach to include all land and buildings, business assets, intangible property and shares.” More>>

 

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