Latest Taxation Headlines

Ring-fenced debt a $367.90 rates hike?

Sun, 1 Mar 2015 19:16:19 +1300 | Hastings Against Amalgamation

A targeted rate to pay the Hastings District Council’s $55.7-million public debt over five years, as implied by the Local Government Commission, could mean an extra $367.90 per year per ratepayer, Hastings Against Amalgamation spokesman Mike Butler ...More >>

Crocodile Tears From Members of Parliament

Sat, 28 Feb 2015 10:06:47 +1300 | New Zealand Taxpayers' Union

Despite public comments bemoaning yesterday’s back-dated pay hike, not a single member of Parliament intends to reject their pay rise, according to responses received by the Taxpayers’ Union . This morning the Union emailed every MP asking whether ...More >>

Appointments to Lottery Distribution Committees

Fri, 27 Feb 2015 13:31:45 +1300 | New Zealand Government

Internal Affairs Minister Peter Dunne today announced 13 new members to ten Lottery distribution committees with terms commencing on 2 March 2015. More >>

Will MPs Put Taxpayers' Money Where Their Mouth is?

Fri, 27 Feb 2015 12:48:24 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union is calling the bluff of MPs and has written to each one asking whether they will be accepting the backdated pay increases announced yesterday. Taxpayers’ Union Executive Director, Jordan Williams, says: More >>

Tax changes to help SMEs

Fri, 27 Feb 2015 10:09:43 +1300 | KPMG

KPMG says key changes in the Tax Bill released yesterday will be welcomed by business. The key proposal in the Tax Bill is to allow start-up businesses undertaking R&D to cash up their tax losses. “The proposal, announced in last year’s Budget, ...More >>

SBS Bank delivers healthy result

Thu, 26 Feb 2015 17:10:54 +1300 | SBS Bank

SBS Bank delivers healthy result. SBS Bank today declared a surplus before tax of $20.9 million for the nine months ended 31 December 2014, a 41% increase on the same period in 2013.More >>

English: Auckland Chamber of Commerce and Massey University

Thu, 26 Feb 2015 17:09:14 +1300 | New Zealand Government

Thank you Michael and the Auckland Chamber of Commerce, and Steve and Massey University, for inviting me back to this annual event. More >>

Government GST U-Turn

Thu, 26 Feb 2015 17:08:54 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union is welcoming Revenue Minister Todd McClay’s announcement of a Government U-turn in relation to requiring bodies corporate to register for GST. Taxpayers’ Union Executive Director, Jordan Williams, says: More >>

MP Pay Rise Unjustified

Thu, 26 Feb 2015 16:53:59 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union is sickened with the confirmation that the Remuneration Authority has approved a 5.4 percent annual pay rise for backbench MPs, backdated to July last year, and is calling for changes to the Remuneration Authority. Taxpayers’ Union ...More >>

More Wellington City Council Dummies?

Thu, 26 Feb 2015 15:51:47 +1300 | New Zealand Taxpayers' Union

Responding to the announcement that Wellington City Council is now a UNICEF ‘Child Friendly City’ , Taxpayers’ Union Spokesman, Ben Craven, says: “It’s bad enough that we have a ratepayer funded 'youth council' which is more about photo ...More >>

Pragmatic answer to GST for bodies corporate

Thu, 26 Feb 2015 14:13:32 +1300 | New Zealand Government

Bodies corporate will no longer be required to register for GST following the introduction today of the Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill, Revenue Minister Todd McClay says. Included in the omnibus ...More >>

Alcohol consumption decline a drop in the bucket

Thu, 26 Feb 2015 11:42:02 +1300 | Alcohol Healthwatch

Alcohol Healthwatch Director Rebecca Williams says figures released by Statistics NZ yesterday showing a 2 percent decline in alcohol availability are positive, but that New Zealand still has a long way to go in terms of reducing heavy drinking.More >>

Auckland Council's Ten Very Expensive Tickets

Thu, 26 Feb 2015 09:26:19 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union can reveal that Auckland Council’s economic development agency, ATEED, has gifted $50,000 of ratepayer money to the Remuera Golf Club for the Holden PGANZ Championship. Taxpayers’ Union Executive Director, Jordan Williams, ...More >>

It was all just pillar talk

Wed, 25 Feb 2015 16:43:29 +1300 | New Zealand Labour Party

Steven Joyce’s confession that he can no longer guarantee a pillar-free design for the New Zealand International Convention Centre shows the Government has abandoned its dream of creating an ‘iconic’ ‘world-class’ structure, says Labour Economic ...More >>

KPMG welcomes debt capitalisation tax proposals

Wed, 25 Feb 2015 10:58:07 +1300 | KPMG

KPMG welcomes proposals confirming that shareholders can convert debt to equity funding for insolvent companies. This will provide business with a simple route to rationalise group structures without unwarranted tax effects.More >>

Debt-remission consultation taxpayer friendly

Tue, 24 Feb 2015 12:23:22 +1300 | New Zealand Government

Debt-remission consultation taxpayer friendly Minister of Revenue Todd McClay has said that a consultation paper seeking public feedback on tax rules for related parties’ debt remission will lead to greater certainty and fairness for tax payers. “This ...More >>

Government-Picked Winner Loses Taxpayers' Money

Mon, 23 Feb 2015 11:08:16 +1300 | New Zealand Taxpayers' Union

The Taxpayers' Union can reveal that taxpayers forked out $287,500 in corporate welfare to the failed eHome business that is currently in receivership owing $17.5 million to creditors. More >>

Big Bill After Minister Bypassed Airport Security

Sun, 22 Feb 2015 11:01:09 +1300 | New Zealand First Party

The cost to the taxpayer of the inquiry into former Transport Minister Gerry Brownlee deliberately breaching security at Christchurch Airport is $43,550. More >>

NZ Super Referendum an Easy Choice for Taxpayers

Sun, 22 Feb 2015 10:30:54 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union is backing ACT leader David Seymour’s call for a referendum on New Zealand’s growing superannuation burden. Reacting to Mr Seymour’s speech delivered this afternoon at the Party’s conference, Taxpayers’ Union Executive ...More >>

NZTE Resisted Ateed's Push into London

Sat, 21 Feb 2015 10:33:56 +1300 | New Zealand Taxpayers' Union

The Taxpayers' Union can reveal that New Zealand Trade and Enterprise resisted attempts by Auckland Council's economic development arm to create a new role in London for one of its former executives. Responding to the NZ Herald story published today , ...More >>

 

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