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The Campaign Against Foreign Control of Aotearoa (CAFCA) says this has a negative impact on the economy, arguing that when foreign investors buy up New Zealand companies, they tend to cut staff and push down wages. [37] It is also argued that growing foreign ownership has done nothing to reduce New Zealand's foreign debt.
The Overseas Investment Amendment Act 2018 was the result of an acute housing shortage in New Zealand during the early 21st century. In addition, national housing prices rose faster than incomes, with the gap rising from over 3.0 in January 2002 to 6.27 in March 2017. [7]
On 19 August, Air New Zealand CEO Greg Foran asked the Government to extend its 48-hour deadline due to the high demand for flights from Queenstown to Auckland. [58] On 26 August, Air New Zealand reported a net loss of NZ$289 million due to closed borders and disrupted services caused by the COVID-19 pandemic.
The New Zealand government has passed a ban on foreigners buying existing homes in the country in a bid to tackle soaring prices and rising homelessness. New Zealand has banned foreigners from ...
The property bubble in New Zealand is a major national economic and social issue. Since the early 1990s, house prices in New Zealand have risen considerably faster than incomes, [ 1 ] putting increasing pressure on public housing providers as fewer households have access to housing on the private market.
The former President of the United States George W. Bush and Prime Minister of New Zealand Helen Clark have been able to improve the two nations' relations and work around New Zealand's anti-nuclear policy and focus on working together on more important issues, although the United States is still interested in changing New Zealand's anti ...
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 top marginal rate of income tax was reduced from 66% to 33% (changed to 39% in April 2000, 38% in April 2009, 33% on 1 October 2010 and ...
have lived in New Zealand for at least 2 years at any one time since becoming a New Zealand citizen or resident (unless you are a refugee) normally living in New Zealand and intending to stay there. They might still qualify if they were a full-time trainee on an approved work related course (usually less than 12 weeks) and looking for work.