Employer Bulletin | 26 May
The Government is removing tax roadblocks to investment, Finance Minister Nicola Willis says.
“Budget 2025 sets aside $75 million over the next four years to encourage foreign investment in New Zealand infrastructure and make it easier for startups to attract and retain high quality staff.
“These changes demonstrate the Government’s commitment to driving the economic growth needed to create jobs, lift incomes and fund public services New Zealanders rely on.
“Low capital intensity and low rates of foreign direct investment are key contributors to New Zealand’s relatively low rates of productivity.
“To generate growth, New Zealand needs more foreign investment and the international know-how it brings with it. It also needs rules that make it easier for enterprising new businesses to get established."
“Presently, New Zealand’s thin capitalisation rules limit the amount of tax-deductible debt that foreign investors can put into New Zealand investments. The purpose of these rules is to prevent income being shifted offshore and to protect New Zealand’s tax base.”
In today’s Bulletin:
- Conflict of interest caused by family connections
- Authority considers adding of topics to personal grievance
- Authority finds employee refused to work and therefore rejects grievance claims
- Authority takes a dim view on employer seeking premium
- Eight news updates of interest for employers including: Commonsense financial reforms underway; Tax changes to promote growth; Infrastructure pipeline continues to grow; Industry awards highlight economic contribution; Business price indexes: March 2025 quarter, and Overseas merchandise trade: April 2025.
- Seven bills open for submission
If you have any questions, about this case or other employment relation matters, call the Advice Line team on 0800 800 362.
