Latest Taxation Headlines

Government in knots on GST

Thu, 30 Jun 2016 16:12:25 +1200 | Booksellers NZ

The Government seems to be tying itself in knots over the collection of GST on small value goods including books bought from overseas online retailers, according to Booksellers NZ.More >>

EY:TPP stamp duties on foreigners may have to apply to Kiwis

Thu, 30 Jun 2016 15:45:41 +1200 | New Zealand Labour Party

The Government’s claim that a TPP-enabled tax on foreign buyers would amount to a ban has been exposed as folly by tax experts, who say that in most cases a tax would apply to Kiwi buyers too, says Labour’s Trade and Export Growth spokesperson ...More >>

GST threshold for online purchases won't lower before 2018

Thu, 30 Jun 2016 14:34:18 +1200 | BusinessDesk

June 30 (BusinessDesk) - The government wants to lower the threshold on online purchases which qualify for GST from mid-2018, but says more work is needed and there will be no change without public consultation.More >>

Government Right to Be Cautious on Border Threshold Changes

Thu, 30 Jun 2016 13:23:30 +1200 | New Zealand Taxpayers' Union

The Government is right to be taking a cautious approach with potential changes to the threshold upon which GST is collected at the border for low value goods, says theTaxpayers’ Union. In response to Customs Minister Nicky Wagner’s comment this ...More >>

More work needed before changing threshold

Thu, 30 Jun 2016 12:36:06 +1200 | New Zealand Government

Customs Minister Nicky Wagner says Customs is continuing to look into different ways of collecting tax effectively for low-value imports before proposing to lower the threshold at which it is collected.More >>

Small rates increase for the coming year

Wed, 29 Jun 2016 17:16:57 +1200 | Thames Coromandel District Council

Our Council is keeping average rates increases District-wide to 1.4% this financial year. At its meeting today, our Council adopted the work programmes and budgets for 1 July 2016 to 30 June 2017.More >>

Minister in cloud cuckoo land

Wed, 29 Jun 2016 16:49:05 +1200 | New Zealand Labour Party

Hekia Parata needs a very big reality check if she truly believes every parent has the choice of sending their child to a private school, Labour’s Education spokesperson Chris Hipkins says.More >>

R&D grants stop companies gaming system to get tax credits

Wed, 29 Jun 2016 12:35:37 +1200 | BusinessDesk

June 29 (BusinessDesk) - New Zealand's research and development grant system administered through Callaghan Innovation stops companies gaming the system by reclassifying spending to qualify for tax credits, Science and Innovation Minister Steven Joyce says.More >>

English's Mistake Shows Need For Independent Policy Costing

Wed, 29 Jun 2016 12:03:55 +1200 | New Zealand Taxpayers' Union

The Taxpayers’ Union is renewing calls for the establishment of an independent policy costing officer of Parliament, following the admission by the Minister of Finance that he got the numbers wrong for Sue Moroney’s private member’s bill ...More >>

Another Week, Another Corporate Welfare Jolly

Tue, 28 Jun 2016 16:31:48 +1200 | Taxpayers' Union

Responding to Steven Joyce’s latest announcement of recipients of taxpayer-funded corporate welfare , Taxpayers’ Union Executive Director, Jordan Williams, says: More >>

Labour on Shewan report: then and now

Tue, 28 Jun 2016 10:47:54 +1200 | ACT New Zealand

“John Key’s decision to appoint John Shewan to review New Zealand’s dodgy foreign trust rules shows a serious lack of judgement . . . A closed door review led by Mr Shewan will not restore our international reputation which has been so ...More >>

Gordon Campbell on the Inquiry into our tax haven rules

Tue, 28 Jun 2016 10:21:12 +1200 | Gordon Campbell

L ike the political equivalent of lithium, Prime Minister John Key is routinely administered to dull any politically dangerous mood swings amidst the general public. Tax havens? Here? Goodness no, our handling of foreign trusts, is, quote, world class, ...More >>

Foreign trusts report positive

Tue, 28 Jun 2016 09:37:46 +1200 | Business New Zealand

The Shewan Report (Government Inquiry into Foreign Trust Disclosure Rules) recommends sensible additional rules to maintain New Zealand’s reputation, says BusinessNZ. More >>

Foreign trusts report positive

Tue, 28 Jun 2016 09:36:59 +1200 | Business New Zealand

The Shewan Report (Government Inquiry into Foreign Trust Disclosure Rules) recommends sensible additional rules to maintain New Zealand’s reputation, says BusinessNZ. More >>

Shewan review gets it right, says academic

Mon, 27 Jun 2016 17:41:58 +1200 | Massey University

John Shewan’s report on the use of New Zealand foreign trusts for illicit purposes has many excellent recommendations, says Massey University tax expert Dr Deborah Russell.More >>

Shewan report delivers rebuke to National

Mon, 27 Jun 2016 17:32:23 +1200 | New Zealand Labour Party

John Shewan’s report into foreign trusts is a rebuke to John Key and the National Party who have protected an industry that has damaged New Zealand’s reputation, says Labour’s Finance spokesperson Grant Robertson.More >>

Government must act on Shewan Review recommendations

Mon, 27 Jun 2016 16:59:44 +1200 | ActionStation

Press Release: Government must act on Shewan Review recommendations - ActionStation Monday 27 July, 2016 FOR IMMEDIATE RELEASE More >>

Govt releases foreign trusts inquiry

Mon, 27 Jun 2016 16:01:55 +1200 | New Zealand Government

The Government today released tax expert John Shewan’s independent Inquiry into Foreign Trust Disclosure Rules, and the steps it is taking to strengthen tax rules as part of its work with the OECD to clamp down on base erosion and profit shifting ...More >>

Report: Inquiry into Foreign Trust Disclosure Rules

Mon, 27 Jun 2016 15:03:23 +1200 | New Zealand Treasury

1.1 The Inquiry is required to examine New Zealand’s foreign trust disclosure rules and to report on whether the rules, and the enforcement of them, are sufficient to ensure New Zealand’s reputation is maintained when considered alongside the country’s ...More >>

MPs Should Pick up Bill for Staff Turnover

Mon, 27 Jun 2016 14:51:14 +1200 | New Zealand Taxpayers' Union

Responding to the report that taxpayers have picked up the bill for an MP’s high staff turnover, Taxpayers’ Union spokesperson, Ben Craven, says: More >>

 

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