DEATH TAXES
A tax that is imposed by the government on someone’s estate when he or she is dead. These taxes are levied on the beneficiary that receives the property in the deceased's will; the tax amount is based on the property's value at the time of the owner's death. Also called death duties or inheritance tax. The term was first coined in the 1990s to describe estate and inheritance taxes by those who want such taxes eliminated.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 20:00 | Federal Budget Balance | Jun | |
| 00:00 | NZIER Business Confidence | 2 quarter | |
| 00:45 | Visitor Arrivals | May | |
| 01:01 | BRC Retail Sales Monitor | Jun | |
| 02:30 | Westpac Consumer Sentiment | Jul | |
| 03:30 | NAB Business Confidence | Jun | |
| 04:31 | Trade Balance | Jun | |
| 06:30 | Industrial Production | May | |
| 08:00 | Wholesale Price Index | Jun |
