OVERSEAS TAX
Dunedin To Be Centre
(N.Z. Press Association) DUNEDIN, August 24. Dunedin has been selected by the Inland Revenue Department as the New Zealand centre for handling overseas taxation. This move is part of the department’s policy of letting centres, -other than Wellington, handle certain specialist tax matters for the whole of New Zealand. In the Budget, the Minister of Finance (Mr Lake) announced proposals to increase -taxation on income from overseas investment in New Zealand because, he said, the .present law tended to discriminate against New Zealand taxpayers. With much of New Zealand’s business controlled by overseas interests, the number of companies involved with the new taxes is considerable.
Large sections of New. Zealand banking, stock and station business, motorvehicle assembly, freezing industry, soap manufacturing, chocolate making, and the oil industry is in the hands of overseas interests.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19640825.2.43
Bibliographic details
Press, Volume CIII, Issue 30528, 25 August 1964, Page 3
Word Count
140
OVERSEAS TAX
Press, Volume CIII, Issue 30528, 25 August 1964, Page 3
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in