Latest Taxation Headlines

Trustees need to be more aware of potential liabilities

Thu, 18 Dec 2014 16:54:36 +1300 | Crowe Horwath

It is important for potential trustees to weigh up the risks compared to the rewards when considering whether or not to accept a role on a trust, says Tony Marshall, Tax Advisory Principal for Crowe Horwarth’s Dunedin office. More >>

“Rate, tax, borrow and toll” budget passes

Thu, 18 Dec 2014 13:22:59 +1300 | Cameron Brewer

“Given the huge level of public dissatisfaction, it’s disappointing that a majority of councillors have voted for a typical centre-left budget which sees the hand coming out for much more money from Auckland households, rather than dialling back pet projects ...More >>

Misleading advertising promoting UK pension scheme transfers

Thu, 18 Dec 2014 11:54:07 +1300 | Financial Markets Authority

The Financial Markets Authority (FMA) is warning people to be cautious of potentially misleading and deceptive advertising about transferring United Kingdom pension scheme entitlements to New Zealand.More >>

Tax assistance agreement to begin next year

Thu, 18 Dec 2014 11:44:01 +1300 | New Zealand Government

From next year a significant new measure for countering tax evasion will become available to Inland Revenue, says Revenue Minister Todd McClay. The Convention on Mutual Administrative Assistance in Tax Matters, signed in 2012, provides for administrative co-operation ...More >>

Ban on Alcohol Advertising Could Cost Taxpayer

Thu, 18 Dec 2014 09:13:50 +1300 | New Zealand Taxpayers' Union

Responding to yesterday's release of the report of the Ministerial Forum on Alcohol Advertising and Sponsorship, Jordan Williams, the Executive Director of the Taxpayers’ Union says: More >>

Reverend who refused help is jailed for tax evasion

Thu, 18 Dec 2014 09:10:45 +1300 | Inland Revenue Department

An Auckland Reverend who deliberately ignored offers of help from Inland Revenue has been jailed after evading more than one million dollars of tax. More >>

Public Submissions - Budget Policy Statement 2015

Wed, 17 Dec 2014 14:20:27 +1300 | Office of the Clerk

Public submissions have been called on the Budget Policy Statement 2015. The closing date for submissions is Monday, 2 February 2015. The Budget Policy Statement 2015 sets out the overarching policy goals that will guide the Government's Budget decisions ...More >>

Fixing GST Loophole Will Help Reduce Deficit – Retail NZ

Wed, 17 Dec 2014 10:13:32 +1300 | Retail NZ

Retail NZ is advising the Government that it will get closer to a fiscal surplus by closing a loophole that gives foreign retailers the ability to sell to New Zealanders without paying GST and duty.More >>

English: National is focussed on achieving surplus

Tue, 16 Dec 2014 17:11:17 +1300 | New Zealand National Party

The Treasury’s latest economic forecasts, released today, anticipate a deficit in the current financial year despite sustained economic growth and more jobs being created.More >>

New Zealand Government signals reversal of fortune

Tue, 16 Dec 2014 15:28:11 +1300 | PricewaterhouseCoopers

The Government’s robust $372 million forecast surplus from Budget 2014 will turn into a $572 million deficit, according to the 2015 Half-Yearly Economic and Fiscal Update and the Budget Policy Statement released today. Imports are cheaper and good ...More >>

NCWNZ Wins Court Case

Tue, 16 Dec 2014 15:26:59 +1300 | Comvoices

ComVoices welcomes and celebrates the news that the National Council of Women of New Zealand (NCWNZ) has won its High Court case against Inland Revenue and the Charities Registration Board.More >>

Cut Taxes + Cut Waste = Surplus

Tue, 16 Dec 2014 14:42:13 +1300 | New Zealand Taxpayers' Union

Responding to the Treasury's Half Year Fiscal and Economic Update, Taxpayers’ Union Executive Director, Jordan Williams, says: More >>

Irresponsible tax cuts lead to seventh successive deficit

Tue, 16 Dec 2014 13:22:02 +1300 | Green Party

National's borrowing to pay for cutting the top tax rate was irresponsible and will likely lead to a seventh successive deficit, the Green Party said today. Treasury have forecast a $572 million deficit this year in its Half Year Economic and Fiscal ...More >>

Half Year Economic and Fiscal Update 2014

Tue, 16 Dec 2014 13:15:39 +1300 | New Zealand Treasury

The Half Year Economic and Fiscal Update (HYEFU) 2014 provides the Treasury's latest economic forecasts and the forecast financial statements of the Government, including the implications of Government financial decisions.More >>

Government focused on surplus in 2014/15

Tue, 16 Dec 2014 13:06:49 +1300 | New Zealand Government

The Government believes an OBEGAL surplus is achievable this financial year, despite Treasury’s latest forecast today predicting a $572 million deficit (0.2 per cent of GDP) for the year to 30 June 2015, Finance Minister Bill English says.More >>

NZ govt shunts out return to surplus to 2016

Tue, 16 Dec 2014 13:01:23 +1300 | BusinessDesk

Dec. 16 (BusinessDesk) - The New Zealand government has pushed out its targeted return to surplus for a year as falling dairy prices and a low inflation environment has kept a lid on its rising tax take, but is still dangling a possible tax cut in 2017, ...More >>

Inland Revenue wants to give you your cash back at Christmas

Tue, 16 Dec 2014 11:38:29 +1300 | Inland Revenue Department

Inland Revenue is encouraging everyone to check its unclaimed monies list this Christmas having successfully reunited more than 3,500 people with their cash this year. Former TV and Radio News Presenter, John Hawkesby said it was a pleasant surprise to receive ...More >>

Government cutting back health services to dangle tax cuts

Tue, 16 Dec 2014 10:13:30 +1300 | New Zealand Council of Trade Unions

The health service is already too stretched, and cutting further into New Zealanders’ health services to fund tax cuts is irresponsible, the CTU said today. Leaked cabinet committee papers have revealed District Health Boards need an additional $440 million ...More >>

MFAT Spends $9 Million on Four Day Conference

Mon, 15 Dec 2014 12:53:07 +1300 | New Zealand Taxpayers' Union

New Zealand taxpayers forked out $9 million to pay for a recent four-day UN conference in Samoa that included hiring the luxury P&O Pacific Jewel cruise liner. New Zealand covered the accommodation and operating costs of September’s Small Island ...More >>

Taxpayers’ Union Annual Review Released

Mon, 15 Dec 2014 09:42:52 +1300 | New Zealand Taxpayers' Union

The Taxpayers’ Union has released its annual review, covering the first 12 months of operations. More >>

 

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