FIF deemed rate of return set for 2013–14
Hon Todd McClay
26 June 2014
rate of return set for 2013–14
Todd McClay has announced that the deemed rate of return for
taxing foreign investment fund (FIF) interests has been set
at 7.99% for the 2013–14 income year, up from 6.91% for
the previous income year.
The deemed rate is set annually
and is one of the methods that can be used to calculate
income from FIF interests.
The rate is based on an average
of the five-year Government bond interest rate at the end of
each quarter, plus a 4% margin.
The rate was set by Order
in Council earlier this
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On Pharmac, Gough Whitlam And Sleater-Kinney
Ridiculous reported comments on RNZ this morning by Trade Minister Tim Groser, as he sought to dampen down concerns about the leaked draft of the IP chapter of ther Trans Pacific Partnership negotiations. According to Groser, ‘extreme’ positions are common at the outset of negotiations, and these get whittled down over the course of negotiations. Fine.
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