Foreign investment fund interests
Drop in deemed rate of return for foreign investment fund
The deemed rate of return for foreign
investment fund interests has dropped from 10.46 per cent to
9.90 per cent for the 2002-03 income year, Revenue Minister
Michael Cullen announced today.
The foreign investment
fund rules tax New Zealand residents on undistributed
profits arising in foreign entities in which they have
invested but do not
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Veronika Meduna: The Kaikoura Rebuild
A Scoop Foundation Investigation
Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.
By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>