NEW ZEALAND

No tax increases for NZ oil and gas

THE New Zealand government is ruling out increasing tax or royalty rates for the oil and gas sector, with Energy and Resources Minister Phil Heatley saying the current regimes are "pitched about right".

Heatley told Television New Zealand's Q+A Programme on Sunday that the government's overall tax take - from royalties, company and other taxes - was about 43%, which was appropriate because New Zealand...

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A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.