Latest Taxation Headlines

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 >>

Local Government BIM: Rein It in Paula

Fri, 14 Nov 2014 12:22:48 +1300 | New Zealand Taxpayers' Union

Local Government is out of control. That’s the message of the Briefing to the Incoming Minister of Local Government, Paula Bennet, says the Taxpayers’ Union . More >>

IRD joins Corrections in Phillip Smith failure

Fri, 14 Nov 2014 11:50:08 +1300 | New Zealand Labour Party

It is incomprehensible that IRD and Corrections were not able to stop Phillip Smith from rorting the tax system out of $50,000 until it was too late, given that he was a notoriously manipulative prisoner stuck in jail, says Labour’s Revenue spokesperson ...More >>

New Council rates remissions and bylaws passed

Thu, 13 Nov 2014 17:19:11 +1300 | Christchurch City Council

The Christchurch City Council at its meeting today agreed to rates remissions for a number of properties in the Port Hills. It also passed three new bylaws and one amended bylaw, all of which come into force on 1 December 2014.More >>

MfE briefing highlights urgent need for Climate Change Act

Wed, 12 Nov 2014 17:34:22 +1300 | Generation Zero

New greenhouse gas emissions projections revealed today in the Ministry for the Environment’s Briefing to the Incoming Ministers highlight the need for a Climate Change Act with legally binding carbon budgets, says youth climate change organisation Generation ...More >>

Cut Corporate Welfare to Beat the Australians

Wed, 12 Nov 2014 14:29:51 +1300 | New Zealand Taxpayers' Union

Responding to the Fairfax article that IRD have indicated that company tax may need to be reduced next year, should Australia reduce their rate, Taxpayers’ Union Executive Director Jordan Williams says: More >>

Kiwi Income Property Trust result up to 30 September

Wed, 12 Nov 2014 13:16:34 +1300 | Kiwi Income Property Trust

Kiwi Income Property Trust today announced its interim result for the six months ended 30 September 2014, reporting an after tax profit of $23.8 million. The reported after tax profit in the prior comparable period was higher, at $61.9 million, due ...More >>

IRD Services Unavailable Over Weekend

Wed, 12 Nov 2014 10:57:37 +1300 | Inland Revenue Department

Customers are advised Inland Revenue will be changing over all of its mainframe services to a new provider. Work will start at 6am on Saturday 15 November 2014 and continue throughout the following day. During this time all of our services will be unavailable ...More >>

 

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