Economy

Visitors drive up tax revenue

Wednesday August 22, 2018

The government has collected $22 million more tax than predicted for the 2017/18 financial year.

Tepaki says the growth in population and/or consumers as a result of the Paradise Prosperity Plan have been assessed on five residents to one tourist.

Ministry of Foreign Affairs and Trade secretary Tepaeru Herrmann is chairing the 2018 Pre-Forum Meeting of the Forum Officials Committee in Samoa this week.

The continuing partnership between the Chinese city of Zhuhai and a number of Cook Islands government ministries may result in more “high-end” tourists from China visiting our shores, says Culture Secretary Anthony Turua.

The Cook Islands has been rated top in the world for technical compliance, following an Anti-Money Laundering/Countering the Financing of Terrorism Mutual Evaluation review.

The Cook Islands National Superannuation Fund (CINSF) has for the first time reached a total value of $150 million.

Cook Islands Tourism Corporation is pleased with the start of the peak period which has seen an influx of visitor arrivals.

The Green Climate Fund (GCF) team in the Cook Islands has been meeting up with people from the northern group here for Te Maeva Nui celebrations, to consult with them regarding the development of the country programme.

Twelve non-governmental and civil society organisations have been allocated $169,250 from the Social Impact Fund (SIF), to help them carry out projects focused on vulnerable groups within the Cook Islands community, including one in Mitiaro and two in Aitutaki.

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