tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, August 17th, 6:01PM

People

rss
People

Stobo appointed to tax role

Wednesday, July 7th 2004, 9:39AM
Craig Stobo has been appointed to co-ordinate consultation on issues with the taxation of investment income, both onshore and offshore, and to develop options for reform.

"Stobo is eminently suited to the role," Revenue Minister Michael Cullen said. "He has an extensive background in the New Zealand savings industry and is a highly respected expert in his field.

"The current rules are potentially unfair since the tax treatment of an investment can vary depending on a number of factors, including whether it is made directly or via an intermediary and whether it is held onshore or offshore.

"These problems can also give rise to economic inefficiencies and distort the way people invest. The government’s view is that, as far as possible, the tax rules should not influence investors’ decisions.

"Stobo will consult widely with the industry and other interested parties, in developing proposals for change and will report back to the government by the end of October," Cullen said.

« Moore joins AMP Capital InvestorsING's new client manager »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Slideshow

Thursday, August 18th 2022
The monster’s back in town
Auckland

Thursday, August 18th 2022
The anatomy of a deal
Auckland

Tuesday, August 23rd 2022
The monster’s back in town
Southland

Tuesday, August 23rd 2022
The anatomy of a deal
Southland

Wednesday, August 24th 2022
SiFA Annual Confernece
Otago

Wednesday, August 24th 2022
The monster’s back in town
Otago

Wednesday, August 24th 2022
The anatomy of a deal
Otago

Thursday, August 25th 2022
The monster’s back in town
Canterbury

Thursday, August 25th 2022
The anatomy of a deal
Canterbury

Thursday, August 25th 2022
Generate KiwiSaver Essentials - Webinar
Nationwide

MORE»

News Bites
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com