Filing My Foreign Investment Fund Tax Return

Filing My Foreign Investment Fund Tax Return

31 March 2020 marked the end of the financial year for the year 2020 – which also means that in the next few months you will need to file taxes! Luckily, we have an easy tax system in New Zealand. For many people you who are on salaried wages, your tax is automatically done for you through PAYE (pay as you earn). Your employer would have already paid your taxes on …

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Where Should You Invest Your Hard Earned Money?

Where Should You Invest Your Hard Earned Money? advice for New Zealanders, Kiwis, and people from NZ

One of the most asked questions, when it comes to investing, is generally along the vein of “I have X amount of dollars, where should I invest it”. And it’s a hard question to answer with just that much information. There are two other pieces of information that you need to know when deciding where to invest your money. One being, what is your investment time frame- how long are …

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The Tax Working Group and the Current New Zealand Tax System

The Tax Working Group and the Current New Zealand Tax System

The Tax working group came back with their report last month. And the national media went crazy. Everyone was speculating about what impact a capital gain tax would have on ordinary people. It all reads doom and gloom for some, while others are championing the ideas. The terms of reference of the tax working group were to determine if our tax system was efficient, fair and simple and if it …

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Can Higher Taxes Generate Lower Government Revenue?

Can Higher Taxes can Generate Lower Government Revenue

Let’s look at an interesting concept in economics that I read about the other day. It’s called the Laffer curve. Ok, so it’s not really personal finance.  But knowing the strategies behind how governments set tax rates still affect you. So you should know something about it.  If you’re like me, you don’t know what a Laffer curve is, or who Laffer is. Then again, you might be a financial nerd …

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