Latest Taxation Headlines

OECD Report Highlights the Folly of Tax Cuts

Tue, 25 Apr 2017 12:27:29 +1200 | Closing The Gap

Income Equality Aotearoa New Zealand Inc. Closing the Gap For Immediate Release Media Release 25th April 2017 OECD Report Highlights the Folly of Tax Cuts New OECD data shows cutting taxes would be a big mistake for New Zealand, which instead needs ...More >>

8 months’ home detention for not declaring income

Fri, 21 Apr 2017 09:47:16 +1200 | Inland Revenue Department

A Silverdale tradesman has been sentenced to eight months’ home detention for not declaring nearly $500,000 in payments for gibstopping jobs over a three-year period. More >>

Fresh charity model makes claiming $60,000 back easy

Thu, 20 Apr 2017 13:02:54 +1200 | One Percent Collective

As a New Zealand taxpayer, if you donate more than $5.00 to a registered charity, and have a compliant receipt, you can claim back one third from IRD on your tax return. More >>

Tax measures in response to flooding

Wed, 19 Apr 2017 14:01:16 +1200 | New Zealand Government

Inland Revenue will waive use of money interest on late tax payments when flooding has prevented people from paying on time, say Lead Minister for Edgecumbe Anne Tolley andRevenue Minister Judith Collins.More >>

Ignore the OECD – New Zealanders are overtaxed

Tue, 18 Apr 2017 14:04:45 +1200 | ACT New Zealand

New Zealand needs to do better than compete with OECD countries on tax rates, says ACT Leader David Seymour. More >>

Gordon Campbell on the costs of cost-cutting

Tue, 18 Apr 2017 11:31:47 +1200 | Gordon Campbell

A s Jesus said, blessed are the poor who almost end up riding in unsafe taxis and school buses, so that others among them may enjoy lower taxes on their investment income. More >>

Taking the Long View: John Key failed coming generations

Tue, 18 Apr 2017 11:28:31 +1200 | Gord Stewart

It’s now five months since John Key hastily resigned as prime minister. Some say he vanished without a trace. But that’s not possible when you hold a position of such power and authority for eight years. What you champion, what you block, basically ...More >>

Don Christie says global IT giants all take, no give

Thu, 13 Apr 2017 17:56:19 +1200 | Digitl

Don Christie writes in the New Zealand Herald Global IT companies are taking profit here and putting nothing back : An organisation I co-chair, NZRise, has been looking at the problem. We represent New Zealand owned digital companies who generate jobs ...More >>

NZ income tax rate second lowest among developed nations

Wed, 12 Apr 2017 12:48:04 +1200 | BusinessDesk

April 12 (BusinessDesk) - New Zealand workers pay the second smallest portion of their income to the government among developed nations and less than half the average ratio of their Organisation for Economic Cooperation and Development peers.More >>

RDRR Rejects Rotorua’s Annual Plan

Tue, 11 Apr 2017 13:57:37 +1200 | Rotorua District Residents and Ratepayers

The RDRR rejects the Rotorua District Council’s proposed Annual Plan 2017/18 because it is unfair, unreasonable and unwise. It is unfair because the general rates increases are proportionately higher on the cheaper properties usually owned by those on fixed ...More >>

Claiming back charitable donations is easy

Fri, 7 Apr 2017 13:41:22 +1200 | One Percent Collective

Any New Zealander who donates more than $5 to a registered charity is able to claim one third of it back from IRD if they have a taxable income and have a donation receipt. More >>

Tax refund season – what consumers and agents need to know

Fri, 7 Apr 2017 11:30:52 +1200 | Commerce Commission

With the end of the financial year upon us, consumers may find a tax agent at their door or on the phone. More >>

New tax bill to reform taxation of employee share schemes

Fri, 7 Apr 2017 11:20:48 +1200 | Minter Ellison Rudd Watts

A new tax bill, introduced into Parliament yesterday, contains a draft of changes designed to modernise aspects of the current tax regime. Included within these changes are reforms to the taxation of employee share schemes – a recent focus for Inland ...More >>

Restaurant owner gets home detention for tax fraud

Fri, 7 Apr 2017 10:22:41 +1200 | Inland Revenue Department

An award-winning Hutt Valley restaurateur has been sentenced to 10 months’ home detention for pocketing cash sales, money laundering and filing false GST and income tax returns.More >>

Only Women Bleed - and Loose out on Education Because of It!

Fri, 7 Apr 2017 09:30:44 +1200 | Graduate Women New Zealand

Only women pay taxes on the products they use to deal with menstruation. Sanitary products such as tampons are taxed as non-essential, luxury items at 5%. So are maternity pads.More >>

Healthy Crown Accounts Should Translate to Tax Relief

Thu, 6 Apr 2017 14:25:47 +1200 | New Zealand Taxpayers' Union

Responding to Treasury’s release of the Crown Accounts to the end of February, posting a $1.41 billion OBEGAL surplus, which almost tripled the half-year forecasted surplus of $498 million, the Executive Director of the Taxpayers’ Union, Jordan ...More >>

Steven Joyce calls your tax bill a ‘dividend’

Thu, 6 Apr 2017 14:11:51 +1200 | ACT New Zealand

“Steven Joyce has today boasted of taking a $3.5 billion more tax in the first eight months of this year compared to last,” says ACT Leader David Seymour. More >>

Tax bill increases fairness, modernises tax system

Thu, 6 Apr 2017 13:22:18 +1200 | New Zealand Government

A new tax bill introduced into Parliament today will help modernise our tax administration while ensuring that the current system works as it should, says Revenue Minister Judith Collins.More >>

Gov't of NZ Financial Statements: 8 months ended 28 February

Thu, 6 Apr 2017 11:39:40 +1200 | The Treasury

The Financial Statements of the Government of New Zealand for the eight months ended 28 February 2017 were released by the Treasury today. The statements are compared against forecasts based on the 2016 Half Year Economic and Fiscal Update (HYEFU) ...More >>

Government Would Be ‘Short Sighted” To Rule Out Visitor Levy

Mon, 3 Apr 2017 16:57:47 +1200 | United Future NZ Party

United Future leader Hon Peter Dunne says that a failure to introduce an overseas visitor levy to help fund conservation infrastructure would be “short-sighted and disappointing.”More >>

 

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