Latest Taxation Headlines

World leading GST system turns 30

Fri, 30 Sep 2016 15:25:58 +1300 | New Zealand Government

Tomorrow we celebrate 30 years of having a GST system that is world leading and simple to apply, says Revenue Minister Michael Woodhouse More >>

Inland Revenue ramping up scrutiny of big business taxpayers

Fri, 30 Sep 2016 13:04:28 +1300 | Inland Revenue Department

Inland Revenue is increasing the number of large companies, including foreign-owned multinationals, that come under close scrutiny to make sure they are paying the right amount of tax. Since 2012, 600 New Zealand and foreign–owned groups have been under ...More >>

Government Still Missing Out on Revenue

Fri, 30 Sep 2016 09:26:42 +1300 | Joint Press Release

New legislation requiring international firms to charge GST when selling digital services to New Zealanders comes into force tomorrow. Retail NZ and Booksellers NZ say that, while this is good news for big tech firms like Spark and Sky TV, the Government ...More >>

35% of offshore speculators paying no tax

Sun, 18 Sep 2016 21:46:58 +1200 | New Zealand Labour Party

Offshore investors are aggressively exploiting tax breaks to pay no tax on their rental properties according to IRD data released by Labour’s Housing spokesperson Phil Twyford. “35% of offshore investors are paying no tax on their properties, ...More >>

Road pricing must not be used as a revenue grab

Thu, 15 Sep 2016 17:17:15 +1200 | ACT New Zealand

Any new revenue raised by road pricing should be offset with reductions in petrol tax, says ACT Leader David Seymour, in response to the Auckland Transport Alignment Project released today .More >>

Gordon Campbell on welfare blackmail, and drugs in sport

Thu, 15 Sep 2016 13:49:39 +1200 | Gordon Campbell

S o, in order to chase up the fathers (and in a few rare cases, the mothers) who may be dodging their responsibility for paying child support… WINZ is evidently willing to blackmail the parent who is doing the actual caring, and thereby push ...More >>

Taxation Bill to Carve Hours Off Provisional Tax Prep

Wed, 14 Sep 2016 11:42:24 +1200 | Xero

WELLINGTON, 14th September, 2016 - Xero, the accounting software provider, today at Parliament made a submission on the Government’s Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill in front of the special Finance & Expenditure ...More >>

Gordon Campbell on the government’s selective lethargy

Tue, 13 Sep 2016 10:16:22 +1200 | Gordon Campbell

W hen it feels so inclined, the Key government can put its foot down hard on the accelerator. Time and again the period for public submissions (and the scrutiny of them by MPs) has been drastically shortened , supposedly so that a busy government ...More >>

Property Institute proposes bold new housing solutions

Sun, 11 Sep 2016 20:58:09 +1200 | New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling for Government, Local Government and the Reserve Bank to work together to introduce a range of new measures to address the Auckland housing crisis.More >>

Current Property Tax Issues Guide

Thu, 8 Sep 2016 12:51:57 +1200 | Simpson Grierson

8 September 2016 Tax Law Current Property Tax Issues Guide Over the past 12 months, the Government has introduced a package of tax reforms targeting land dealing activities. These are:More >>

Binoy Kampmark: Foiling Apple’s Tax Dodge

Tue, 6 Sep 2016 15:10:50 +1200 | Binoy Kampmark

For years, Apple has perfected the art of tax minimisation, hoovering up possibilities in creating an empire built on profit and return. It has cultivated a power that adapts the message of the bribing agent with that of the bully, tempting government ...More >>

Significant income redistribution after tax reforms

Tue, 6 Sep 2016 13:58:33 +1200 | New Zealand Government

New data from the Treasury shows that income redistribution across New Zealand’s income tax and support system continues to increase, with the top 10 per cent of households forecast to pay 37.2 per cent of income tax in 2016/17, compared with ...More >>

BEPS proposals released for consultation

Tue, 6 Sep 2016 10:37:19 +1200 | New Zealand Government

A strategy used by some large multinationals to shift profits overseas and minimise their New Zealand tax is the focus of international tax proposals released for consultation today, says Revenue Minister Michael Woodhouse.More >>

Second consultation on taxation of employee share scheme

Mon, 5 Sep 2016 13:44:42 +1200 | Chapman Tripp

Inland Revenue has released an update on proposals to reform the tax treatment of employee share schemes. Submissions close on 30 September. More >>

IrrigationNZ congratulates irrigators on 100% compliance

Fri, 2 Sep 2016 14:38:57 +1200 | Irrigation NZ

IrrigationNZ congratulates the irrigating community for achieving Environment Canterbury’s 100% target for water metering across Canterbury. More >>

Ireland gave illegal tax benefits to Apple worth up to €13bn

Thu, 1 Sep 2016 10:12:41 +1200 | European Commission

European Commission - Press release State aid: Ireland gave illegal tax benefits to Apple worth up to €13 billion More >>

Gordon Campbell on Apple’s unpaid tax issues

Thu, 1 Sep 2016 10:02:16 +1200 | Gordon Campbell

R eportedly, Apple owes Ireland $US14 billion in unpaid taxes, plus interest. Not that Ireland seems to want the reputational risk involved in the terrifying role that the European Commission has just landed it with. Yikes. In the wake of Brexit, ...More >>

Sugar taxes: Labour should look at evidence

Wed, 31 Aug 2016 16:48:49 +1200 | New Zealand Taxpayers' Union

Taxpayers’ Union Urges Labour Party to Look Closely at the Evidence Before Promoting Sugar Tax More >>

Apple New Zealand Must Now Pay Fair Rate of Tax

Wed, 31 Aug 2016 14:51:39 +1200 | Oxfam

Apple New Zealand Must Now Pay Fair Rate of Tax, Says Oxfam, Following European Ruling More >>

Our Plan to Future-Proof NZ’s Environment

Wed, 31 Aug 2016 12:40:47 +1200 | United Future NZ Party

United Future is today announcing a new environmental policy package aimed at future-proofing New Zealand's environment for generations to come. More >>

 

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