Bill to regulate Financial Advisors gets first nod

Kris Faafoi Wellington, December 7, 2017 The first reading of the Financial Services Legislation Amendment Bill in Parliament today is the first step in a significant package of changes to ensure all Kiwis can get good quality financial advice based on their individual needs. The Bill will require all providers of financial advice to operate to strong, clear standards and…

Read More

New Zealand plugs loophole to tax multinationals

Stuart Nash Wellington, December 7, 2017 Legislation just introduced to Parliament will prevent multinationals from avoiding tax by shifting profits out of New Zealand. The legislation also reflects an important objective of the Labour-New Zealand First Coalition Agreement. Aggressive Strategies Some multinationals use aggressive strategies to pay little or no tax anywhere in the world. This is known as base…

Read More