OrbitaxAmendment to Investment Income Taxation Bill
|Proposed Changes|New Zealand
The New Zealand Ministry of Finance, in May 2006, introduced into Parliament a Bill on taxation of investment income, containing the following provisions:
| - | capital gains on New Zealand and Australian shares held via a vehicle similar to a managed fund will no longer be taxed; | |
| - | increase in value of direct investments in "grey list" countries will be subject to t… |