Originally Posted by sacX

Hi, yeah it was largely buried in the budget, and got very little coverage but i thought it quite interesting. Here's the quote.

"Budget 2005 also contains a number of tax measures to improve New Zealand?s access to worldwide labour, skills, and capital.

The first of these will reduce tax costs related to international recruitment to New Zealand. A temporary tax exemption of five years on foreign income will be made available to people who come to work here, whether they are foreigners or New Zealanders who have been non-resident for tax purposes for ten years. People who are not in employment will receive the same exemption for three years. "

http://www.scoop.co.nz/stories/PA0505/S00506.htm