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Absentee Tax
Absentee Tax was a tax charged in the early 1900s to those individuals who held property in New Zealand but were not resident in that country and had moved out of it. A similar tax was introduced in New Zealand in 2008. In Ireland Absentee Tax was first imposed in Ireland in 1715. There were too many exceptions in the Act and hence it lapsed in 1753. The logic behind the tax was the loss of revenue due to absenteeism. In 1868 Thorold Rogers proposed the trebling of Income tax for absentee land owners which was later rejected. In New Zealand In 1904 the tax was charged at half decimal point. In New Zealand it was feared that the tax might discourage the migration of the people to the colonies. In 2008 two new acts were passed, the ''Limited Partnership Act 2008 (No 1 of 2008)'' and the ''Taxation (Limited Partnerships) Act 2008''. The amendments to the ''Income tax Act 2007'' included Section HD20 which states that the person is called an agent if they carry business on behal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand
New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island country by area, covering . New Zealand is about east of Australia across the Tasman Sea and south of the islands of New Caledonia, Fiji, and Tonga. The country's varied topography and sharp mountain peaks, including the Southern Alps, owe much to tectonic uplift and volcanic eruptions. New Zealand's capital city is Wellington, and its most populous city is Auckland. The islands of New Zealand were the last large habitable land to be settled by humans. Between about 1280 and 1350, Polynesians began to settle in the islands and then developed a distinctive Māori culture. In 1642, the Dutch explorer Abel Tasman became the first European to sight and record New Zealand. In 1840, representatives of the United Kingdom and Māori chiefs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ireland
Ireland ( ; ga, Éire ; Ulster Scots dialect, Ulster-Scots: ) is an island in the Atlantic Ocean, North Atlantic Ocean, in Northwestern Europe, north-western Europe. It is separated from Great Britain to its east by the North Channel (Great Britain and Ireland), North Channel, the Irish Sea, and St George's Channel. Ireland is the List of islands of the British Isles, second-largest island of the British Isles, the List of European islands by area, third-largest in Europe, and the List of islands by area, twentieth-largest on Earth. Geopolitically, Ireland is divided between the Republic of Ireland (officially Names of the Irish state, named Ireland), which covers five-sixths of the island, and Northern Ireland, which is part of the United Kingdom. As of 2022, the Irish population analysis, population of the entire island is just over 7 million, with 5.1 million living in the Republic of Ireland and 1.9 million in Northern Ireland, ranking it the List of European islan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thorold Rogers
James Edwin Thorold Rogers (23 March 1823 – 14 October 1890), known as Thorold Rogers, was an English economist, historian and Liberal politician who sat in the House of Commons from 1880 to 1886. He deployed historical and statistical methods to analyse some of the key economic and social questions in Victorian England. As an advocate of free trade and social justice he distinguished himself from some others within the English Historical School. Background and formative years Rogers was born at West Meon, Hampshire the son of George Vining Rogers and his wife Mary Ann Blyth, daughter of John Blyth. He was educated at King's College London and Magdalen Hall, Oxford. After taking a first-class degree in 1846, he received his MA in 1849 from Magdalen and was ordained. A High Church man, he was curate of St. Paul's in Oxford, and acted voluntarily as assistant curate at Headington from 1854 to 1858, until his views changed and he turned to politics. Rogers was instrumental in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Income Tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdicti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation In New Zealand
Taxes in New Zealand are collected at a national level by the Inland Revenue Department (IRD) on behalf of the Government of New Zealand. National taxes are levied on personal and business income, and on the supply of goods and services. Capital gains tax applies in limited situations, such as the sale of some rental properties within 10 years of purchase. Some "gains" such as profits on the sale of patent rights are deemed to be income – income tax does apply to property transactions in certain circumstances, particularly speculation. There are currently no land taxes, but local property taxes (rates) are managed and collected by local authorities. Some goods and services carry a specific tax, referred to as an excise or a duty, such as alcohol excise or gaming duty. These are collected by a range of government agencies such as the New Zealand Customs Service. There is no social security (payroll) tax. New Zealand went through a major program of tax reform in the 1980s. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of New Zealand
The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea. It is a mixed economy that functions on free-market principles and has a sizable manufacturing and service sector and an efficient agricultural sector. New Zealand has the 54th largest export economy in the world measured by nominal gross domestic product. In 2016, New Zealand exported a total of NZ$35.1billion and imported a total of NZ$35.4 billion, with its top exports being concentrated milk and the top imports being cars. New Zealand has an extremely diverse market economy with a sizable service sector that accounted for 63% of all GDP in 2013. Other industries including mining, manufacturing, waste services, electricity and gas accounted for 16.5 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
