Tax relief in New Zealand Government's response to COVID-19

John Cantin discusses the New Zealand Government’s spending and tax measures.

The New Zealand Government released on Tuesday its $12.1 billion fiscal and economic response to the COVID-19 pandemic.The amount of the proposed relief is equivalent to approximately 4 percent of New Zealand’s annual GDP.Stimulus package The bulk of the package comprises spending of:$5.8 billion in wage subsidies for businesses, up to a maximum cash payment of $150,000 over the next 12 weeks capped at $585 per week per full time employee (Businesses will need to demonstrate a 30 percent grea...

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Authors: John Cantin

Published Date: 18 March 2020