Black Monday

[bull....]

if australia drops there rate to 15% not many companies will be left on the NZX. only be as a secondary listing.
therefore NZ have no choice but to lower company tax if the g7 announcement becomes reality and countries start lowering rates

[Panda-NZ-]

Large parts of the NZX are already owned overseas and it will simply increase.

JP Morgan owns 15% of fisher and paykel plus the additional 10% for blackrock, vangaurd.
NZ can do what it likes since we're a sovereign country.

[bull....]

Large parts of the NZX are already owned overseas and it will simply increase.

JP morgan owns 15% of fisher and paykel plus the additional 10% for blackrock, vangaurd.
NZ can do what it likes since we're a soveriegn country.

hence why the NZX has under performed this year ..... those oversea's investors have lost some faith in NZ

[Panda-NZ-]

There are more years than 'this year' I think.

[Bjauck]

Wrong link.

[nztx]

They are subject to a revenue tax but businesses can claim it all back since its tax deductible (gst).

Consumers still get slugged though.

That's dead right & just which party introduced GST, replacing other duties levies etc

AND incidentally also making promises on Personal Income Tax being at what level within 20 years
of GST being introduced which they have also conveniently been oblivious on honouring up on ?

Who is ripping off & slugging who off exactly in light of this ?

[nztx]

NZ is one of the few countries which have imputation credits for shareholders.
NZ, Australia and Malta.
A very fair deal for shareholders.

PS - that 15% would be the minimum rate, it isn't the average or standard rate. Australia is 30% (or 27.5% for 'Base Rate Entities')

Wherever did (if my memory is correct) recognition of corporate tax paid by way of credits attached to dividends paid elsewhere go ?

AUSTRALIA comes to mind - Franking credits still exist in Oz - next to useless to Kiwi stakeholders directly, other than
perhaps reducing Withholding tax extracted I imagine .. ;

[Nor]

if australia drops there rate to 15% not many companies will be left on the NZX. only be as a secondary listing.
therefore NZ have no choice but to lower company tax if the g7 announcement becomes reality and countries start lowering rates

Where a company is listed is not necessarily where it is headquartered. eg Xero.

[bull....]

I wonder what's going to happen to our funny little NZ market. I'm just not feeling the nzx50 at the moment. I see the ASX200 has just hit all time highs this afternoon. The world wants what Australia has. What has NZ got to offer?

asx up 11% YTD , NZ down 10% YTD. could you argue it has anything to do with the pro- growth policies of aus vrs NZ policies ? anyway getting ready for the asx open might see some more gains today

[Bjauck]

NZ is one of the few countries which have imputation credits for shareholders.
NZ, Australia and Malta.
A very fair deal for shareholders.

PS - that 15% would be the minimum rate, it isn't the average or standard rate. Australia is 30% (or 27.5% for 'Base Rate Entities')

Other countries provide a dividend allowance, before income tax is levied, and/or additional pensions and non-pension investment schemes with no or low tax rates.