Local
Tax a disincentive
Thursday 7 July 2011 | Published in Local
A 15 percent withholding tax on all interest earned in Cook Islands bank accounts is a disincentive for investors and those trying to save money, Cook Islands News is told. Matavera resident, pensioner and Westpac investor Les Priest says news of the withholding tax, set to be implemented in September once approved by parliament, spoiled […]
Its desperate
Thursday 7 July 2011 | Published in Local
Former Inland Revenue collector Geoff Stoddart has slammed government plans to introduce a tax on interest, saying the idea is a desperate move that will only hurt disadvantaged people. Stoddart said the proposed 15 per cent tax on interest earned from savings and investments in Cook Islands bank accounts would more than likely cost the […]
Opposition not happy with new tax
Thursday 7 July 2011 | Published in Local
Opposition Democratic Party members are not happy with the governments withholding tax which will take 15 percent of all interest earned from Cook Islands bank accounts. Deputy opposition leader Wilkie Rasmussen says party members met yesterday to discuss the tax. In general we are not happy with it. The most obvious reasons are it is […]
College rumour malicious
Wednesday 6 July 2011 | Published in Local
A suggestion that Titikaveka College will be shut down and turned into a trade school has stumped education minister Teina Bishop. The rumour made it into a parliament session yesterday when deputy opposition leader Wilkie Rasmussen posed it as a question to Bishop. A letter was written to the principal of Titikaveka College indicating there […]
McCully brings 80 on promotional tour
Wednesday 6 July 2011 | Published in Local
NZ Foreign Minister Murray McCully is reportedly bringing a delegation of 80 people to Rarotonga next week. McCullys office refuses to elaborate on the details of the visit. His media contact Stephen Parker says he is standing by as the information passes through the system and will issue a press release thereafter. Despite the bureaucratic […]
New 15% tax on interest
Wednesday 6 July 2011 | Published in Local
A new tax is proposed on interest earned from investments and savings in all Cook Islands bank accounts. From September 1 it is highly likely the interest earned in all bank accounts will be taxed at 15 percent, in an effort to generate further revenue for the government. The Ministry of Finance and Economic Management […]
Te Maeva Nui transport on the way
Wednesday 6 July 2011 | Published in Local
At a cost of $400,000 this Samoan ferry named MV Lady Naomi will transport pa enua residents to and from Rarotonga for Te Maeva Nui celebrations at the end of this month.Story, page 7. 11070528
MPs reminded of tradition in parliament
Tuesday 5 July 2011 | Published in Local
Members of the Cook Islands Parliament are enjoying discourse about whether the $20,000 ceremonial opening of parliament last week was a worthwhile expense. Debate over the ceremony has been heating up, particularly between speaker of the house Sir Geoffrey Henry who supports the ceremony and all its trappings, and deputy opposition leader Wilkie Rasmussen who […]
More money for pearl authority
Tuesday 5 July 2011 | Published in Local
The Cook Islands Pearl Authority (CIPA) has received a financial shot in the arms as it plans to rejuvenate the once-mighty pearl industry. The new 2011/2012 budget appropriates $502,387 to CIPA, allowing for greater operating costs than the previous year. Another $3 million is being allocated to CIPA through an NZAid programme, the details of […]
First direct Sydney flight arrives
Tuesday 5 July 2011 | Published in Local
Singers, dancers and a water cannon have been included in plans to welcome the first planeload of Sydney passengers to have flown directly to Rarotonga this year. Air New Zealand flight NZ60 was due to touch down at Rarotonga International Airport at 7am today, marking the first direct flight from Australia to the Cook Islands […]
Man dies
Monday 4 July 2011 | Published in Local
A motorbike accident on the Nikao back road early on Saturday morning claimed the life of 36-year-old Boye Nicholas and left a second man from Nikao seriously injured. The accident occurred in Atupa near the Tiare village about 100 metres from the scene of a fatal accident that killed two young Pukapuka men in May. […]
Underpaid justice staff due for increase
Monday 4 July 2011 | Published in Local
With a total net appropriation of $1.7 million, the Ministry of Justice receives some extra attention from government this financial year. In his budget speech on Friday, finance minister Mark Brown said the government has committed 17 per cent of its resources towards the governance and law and order sector. A key component of this […]
$20m to boost economy
Monday 4 July 2011 | Published in Local
More than $20 million is to be spent in the next year on economic growth, half of which has been directly allocated towards tourism. Within the governments 2011-2012 budget, which was tabled on Friday, 12 percent of its resources ($20.5 million) is earmarked for what finance minister Mark Brown describes as the economic sector. A […]
Lavish ceremony
Saturday 2 July 2011 | Published in Local
A two-hour, $20,000 ceremony yesterday marked the official opening of the forty-seventh session of the Cook Islands Parliament. Queens Representative Sir Frederick Goodwin, Lady Goodwin, lady-in-waiting Tangi Goodwin, aide-de-camp inspector Arama Tera, official secretary Harry Ivaiti and official messenger senior sergeant Kau Mapu arrived first, each greeted with a maire ei and a turou. After […]
Pay as you go budget tabled
Saturday 2 July 2011 | Published in Local
A balanced Budget was tabled in parliament yesterday with total revenue and total expenditure both estimated at $106.1 million. Finance minister Mark Brown presented the 2011-12 Appropriation Bill and Estimates at a short session in the House after the ceremonial opening at the National Auditorium. Debate on the budget detail will begin on Monday when […]
Christian values needed
Friday 1 July 2011 | Published in Local
Education and a return to Christian values are key for the Cook Islands battle against theft, Minister for Tourism and Education Teina Bishop says. Bishop said he was worried that thieves who have been targeting tourist accommodation were hurting the Cook Islands reputation as an attractive holiday destination. In this day and age with the […]
Ceremony divides opinion
Friday 1 July 2011 | Published in Local
There are mixed opinions within parliament about whether todays opening ceremony, expected to cost more than $20,000, is a waste of time and money. Deputy leader of the opposition Wilkie Rasmussen says it is. My personal view is its an outdated form of opening parliament. My suggestion would be to have an opening down at […]
$1.5m more to be spent on health
Friday 1 July 2011 | Published in Local
The New Zealand government has committed to continue its support for the Health Specialist Visits Programme that aims to improve health care for the people of the Cook Islands. Yesterday, New Zealand Aid Programme manager Jonathan Rowe along with acting secretary of health Rangiau Fariu and acting secretary of finance Priscilla Maruariki signed an agreement […]
Budget presented to Parliament
Friday 1 July 2011 | Published in Local
The government will table this years budget in Parliament today. A ceremonial opening of Parliament commences at 10am in the National Auditorium which in this context is being referred to as the Queens Chambers and is expected to last through to early afternoon. An eight-page programme details the timetable for this mornings affair, to which […]
Operation Eagle in court
Thursday 30 June 2011 | Published in Local
Operation Eagle will again be the focus of the Cook Islands High Court at Avarua today when most of the 13 arrested through the drugs bust are due to appear before a Justice of the Peace. Those scheduled to appear, based on decisions made during their last court appearances, are Scott Arlander, Victor Wichman, Dina […]
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