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PIEs a tasty treat for investors
Wednesday 22nd of August 2007
PIEs – portfolio investment entities – are part of the new KiwiSaver tax regime, and the government surprised many people in this year's Budget by allowing a 30% tax rate for PIEs.They are expected to draw a lot of money now in term deposits , says Fundsource general manager Binu Paul.
"There's going to be huge demand from the banking side – there's about $65 billion in term deposits at t...
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