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NEW ZEALAND
– Leading tax law firms
www.taxdirectorshandbook.co.uk
196
B
ell Gully
has an ‘
incredibly
strong commercial client base
’,
and its ‘
industry knowledge and
appropriateness of advice are
always excellent
’. Recent work highlights
include advising Christchurch-based
AMI Insurance on the establishment of
a NZ$500m capital facility, and acting
for Alesco New Zealand Limited in
what is likely to be a test case regarding
the use of optional convertible note
hybrid funding arrangements. The firm
continues to represent some of the
world’s best-known corporations.
The highly esteemed Brendon Brown
leads
Russell McVeagh
’s tax practice.
The firm played a lead role in structuring
New Zealand’s first covered bond
programme, and advised the Auckland
Transition Agency in relation to the
New Zealand – Leading tax
law firms
2006 2007 2008 2009 2010 2011
Tax evasion does not damage
public finances*
–
7.25 6.58 6.93 3.11 4.90
Real corporate taxes do not discourage
entrepreneurial activity*
3.36 3.80 3.82 4.39 4.18 5.89
Corporate tax rate on profit (maximum,
calculated on profit before tax)**
33.00 33.00 30.00 30.00 30.00 28.00
Consumption tax rate (standard rate of
VAT/GST)***
12.50 12.50 12.50 12.50 12.50 –
*IMD WCY Executive Opinion Survey based on an index from 0 to 10 (0 hampers business activity; 10 does
not hamper business activity) **IMD World Competitiveness Online ***Source: OECD, national sources
2004 2005 2006 2007 2008 2009
Collected tax revenues
36.14 38.25 37.90 35.84 33.74 31.61
Collected indirect tax revenues
12.23 12.28 12.38 11.36 11.40 11.58
Collected corporate taxes
5.59 6.42 5.98 5.07 4.43 3.40
Figures are given as percentage of GDP