Latest Taxation Headlines

Decisions on transport referendum, development contributions

Thu, 27 Nov 2014 17:35:44 +1300 | Auckland Council

Auckland Council’s Governing Body today made a number of decisions related to the development of its 10-year budget, known as the Long-term Plan 2015-25. Key decisions included:More >>

Property speculators targeted by IRD

Thu, 27 Nov 2014 16:24:18 +1300 | New Zealand Government

Revenue Minister Todd McClay says Inland Revenue’s proactive strategy to track down those attempting to avoid paying tax is showing big dividends. “There are many ways people and companies attempt to avoid paying tax and we are continually ...More >>

Look at the Road, Not the Speedo

Thu, 27 Nov 2014 15:39:21 +1300 | New Zealand Taxpayers' Union

Responding to the Fairfax article that police will be issuing tickets over the summer to anyone driving 1km/h or more over the speed limit, Taxpayers’ Union Executive Director Jordan Williams says: More >>

Chatham Rock Phosphate: Results for announcement

Thu, 27 Nov 2014 12:37:40 +1300 | Chatham Rock Phosphate

Your directors submit the unaudited financial statements of Chatham Rock Phosphate Limited (CRP) for the six months to 30 September 2014. The trading result for the period was a loss of $1,870,507 (2013: loss of $675,788). An analysis of the result ...More >>

Renew your rego to July and save money

Wed, 26 Nov 2014 14:32:19 +1300 | New Zealand Automobile Association

Media Release: 26 NOVEMBER 2014 Renew your rego to July and save money Vehicle owners shouldn’t renew their vehicle licences (“rego”) for 12 months, in order to save money ahead of forthcoming reductions in ACC levies, consumer groups say.More >>

Progress reports released on tax avoidance

Wed, 26 Nov 2014 10:13:01 +1300 | New Zealand Government

Progress reports released on tax avoidance Revenue Minister Todd McClay today released two reports from officials relating to tax avoidance by large multinational companies. The reports provide an update on policy work being undertaken in line with the OECD ...More >>

Councillors Unite to Get Tolling Referendum

Tue, 25 Nov 2014 17:15:37 +1300 | Cathy Casey

Auckland Councillors are uniting to ensure the people of Auckland are given the opportunity by way of referendum on the question of alternative transport funding options, including a motorway network charge. More >>

New Zealand ranked 22nd in ease of paying tax

Fri, 21 Nov 2014 10:17:05 +1300 | PwC

New Zealand is rated 22nd out of 189 economies in its ease of paying taxes, according to Paying Taxes 2015, now in its ninth edition. The unique study by PwC and the World Bank Group is the only piece of research which measures the ease of paying taxes ...More >>

Taxpayer money-go-rounds hampering growth: NZ Initiative

Fri, 21 Nov 2014 06:59:15 +1300 | BusinessDesk

Nov. 20 (BusinessDesk) - Income redistribution schemes such as Working for Families, which pay back money people have often already paid as tax, are a barrier to the economic productivity improvements that could easily overcome projections showing ...More >>

Forsyth Barr Stadium Review Released

Thu, 20 Nov 2014 13:50:52 +1300 | Dunedin City Council

The review states it is clear the Stadium budgets were, and continue to be, too optimistic and there is an ongoing budget shortfall that needs to be addressed. Regardless of the option chosen, additional ratepayer funding will be needed.More >>

Newcore Looks Pretty Rotten for Ratepayers

Thu, 20 Nov 2014 09:44:53 +1300 | New Zealand Taxpayers' Union

Responding to the NZ Herald report that the IT system commissioned by Auckland Council to consolidate the eight systems the Super City inherited from its precursor councils could be facing a budget blowout of $100 million, Taxpayers’ Union Spokesman Ben ...More >>

GST Off Food And Rates Better for Families than Tax Credits

Wed, 19 Nov 2014 16:42:08 +1300 | New Zealand First Party

GST Off Food And Rates Better for Families than Tax Credit Rise New Zealand First’s policy of removing GST from food and rates would do more for struggling families than a slight rise to the family tax credit, says New Zealand First. “Minor increases ...More >>

The Resignation with the Golden Handshake?

Wed, 19 Nov 2014 11:55:52 +1300 | New Zealand Taxpayers' Union

Commenting on the settlement the State Services Commission has reached with former CERA CEO Roger Sutton, Taxpayers’ Union Executive Director, Jordan Williams, says: "Only in the public sector do you receive a payout for ‘resigning’.More >>

Gordon Campbell on Andrew Little’s victory

Wed, 19 Nov 2014 10:25:46 +1300 | Gordon Campbell

So Andrew Little has won the leadership – by the narrowest possible margin – from Grant Robertson, and has already been depicted by commentators as being simultaneously (a) the creature of the trade unions and (b) the most centrist of the four candidates, ...More >>

Auckland Council agrees same rates for same value properties

Wed, 19 Nov 2014 09:11:08 +1300 | Auckland Council

Auckland Council’s Budget Committee has rejected capping rates increases or decreases as part of its proposed rates policy for 2015/16, resulting in a fairer rates distribution among residential ratepayers.More >>

Split Council votes on full increases up to and above 40%

Tue, 18 Nov 2014 16:51:41 +1300 | No More Rates

At today’s Auckland Council Budget Committee several councillors tried to find ways to ease the pain for 126,000 residential ratepayers who face a rate rise of more than 10% next year – including 51,000 who face rises between 15% and 40%+.More >>

Auckland Ratepayers crucified by valuation system

Tue, 18 Nov 2014 11:02:50 +1300 | No More Rates

Rates changes range from increases of more than 40% to decreases of more than 40% All groups of ratepayers in Auckland are facing changes in their rates ranging from increases of more than 40% to decreases of more than 40%. - this huge spread applies ...More >>

Minimum family tax credit to rise next year

Mon, 17 Nov 2014 17:02:01 +1300 | New Zealand Government

Revenue Minister Todd McClay says working families who are eligible for the minimum family tax credit will receive a small increase from 1 April next year. More >>

Employers: Avoid a post-holiday tax headache

Mon, 17 Nov 2014 13:22:14 +1300 | Inland Revenue Department

With summer just around the corner, Inland Revenue is reminding employers to get their tax right if taking on seasonal and casual workers. More >>

Global push against tax avoidance has broad support: English

Sun, 16 Nov 2014 14:59:57 +1300 | BusinessDesk

Nov. 16 (BusinessDesk) - There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders' Summit in Brisbane.More >>


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