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New Zealand: Trusts Bill Passed

(Aug. 15, 2019) On July 24, 2019, the Trusts Bill was passed by the New Zealand Parliament. The Bill, which was introduced in August 2017, replaces the Trustee Act 1956 and Perpetuities Act 1964 and seeks to provide a “clear, modern statement of the law relating to trusts.” The Minister of Justice, Andrew Little, stated that […]

Indonesia: Central Government Advocates Lower Local Real Estate Taxes

(July 21, 2016) Indonesia’s national government has asked municipal governments to reduce the building and land acquisition taxes they impose and to allow special tax treatment for real estate investment trusts (REITs). The purpose of the reductions would be to increase Indonesia’s competitiveness in attracting investment. (Anton Hermansyah, Govt to Give Local REITS Special Tax […]