4 May 2011

Financial service centre incentives

3:43 pm on 4 May 2011

The Government is making tax and regulatory changes to make New Zealand more attractive as an international centre for financial services.

A report commissioned for the Government shows this country could generate as many as 5000 extra financial services jobs, with revenue of $1.3 billion.

The changes include a 0% tax rate on foreign-sourced income and increased regulatory protection for offshore investors.