Latest Taxation Headlines

CORRECT: NZ's biggest companies may face 'compliance burden'

Tue, 6 Oct 2015 11:26:12 +1300 | BusinessDesk

Oct. 6 (BusinessDesk) - Fonterra Cooperative Group is likely to be among some 20 New Zealand companies left dealing with increased red tape to comply with wide-ranging reforms to corporate tax rules proposed by the Organisation for Economic Cooperation ...More >>

Govt should act now on OECD tax changes

Tue, 6 Oct 2015 10:59:59 +1300 | New Zealand Labour Party

National cannot delay timing and implementation of the OCED’s new tax changes and must act now to crack down on multinational tax avoidance, Labour’s Finance spokesperson Grant Robertson says. “The OECD has announced significant proposed changes to base ...More >>

NZ's biggest companies may face 'enormous compliance burden'

Tue, 6 Oct 2015 10:19:23 +1300 | BusinessDesk

Oct. 6 (BusinessDesk) - Fonterra Cooperative Group is likely to be among some 20 New Zealand companies left dealing with increased red tape to comply with wide-ranging reforms to corporate tax rules proposed by the Organisation for Economic Cooperation ...More >>

OECD releases full BEPS action plan

Tue, 6 Oct 2015 07:19:44 +1300 | New Zealand Government

The OECD last night released its final package of actions to address base erosion and profit shifting (BEPS). The Minister of Finance Bill English, and Minister of Revenue, Todd McClay say that the plan, representing two years of intensive work ...More >>

Monthly Economic Indicators September 2015

Mon, 5 Oct 2015 14:08:47 +1300 | New Zealand Treasury

The September Monthly Economic Indicators (MEI) was published today on the Treasury Website at 2:00pm. The report provides a summary of recent economic events. More >>

MTA welcomes consultation on 2016/17 ACC vehicle levies

Fri, 2 Oct 2015 16:39:31 +1300 | Motor Trade Association

The ACC Minister Nikki Kaye today announced the start of ACC’s public levy consultation process. The ACC Board is proposing levy reductions worth $450 million in 2016/17, spread across work, earners’ and motor vehicle levies. For the latter category, ...More >>

Gains on property sales targeted from today

Thu, 1 Oct 2015 16:02:33 +1300 | New Zealand Government

Hon Todd McClay Minister of Revenue 1 October 2015 Gains on property sales targeted from today Revenue Minister Todd McClay says the new bright-line test, which comes into force today, will improve compliance with the current residential land sale ...More >>

NZ In 2015 Open Budget Survey: Results and Event

Wed, 30 Sep 2015 17:38:16 +1300 | Jonathan Dunn

Results for the 2015 Open Budget Survey (OBS) assessing budget transparency and accountability were recently released. The IGPS-hosted dissemination event is scheduled for Monday 5 October . More >>

"Just be honest mate and pay your tax,” say tradies

Wed, 30 Sep 2015 10:07:07 +1300 | Inland Revenue Department

A survey of Auckland tradespeople shows an Inland Revenue campaign highlighting cash jobs has hit home, with four in five believing they’ll get caught if they cheat on their taxes. The survey of nearly 420 tradies followed an advertising campaign ...More >>

New Zealand’s tax system second in the OECD

Tue, 29 Sep 2015 15:42:22 +1300 | New Zealand Government

Hon Todd McClay Minister of Revenue 29 September 2015 New Zealand’s tax system second in the OECD For the second year in a row, New Zealand’s tax system has been judged second only to Estonia as the most competitive tax system in the world. Revenue ...More >>

Can we have more tax please?

Tue, 29 Sep 2015 10:33:16 +1300 | Action On Smoking And Health

Tobacco taxes play an important role in cutting smoking rates in New Zealand. Since 2010 taxes on tobacco products have risen 10% every year with an overall average drop in cigarette sales of 23%. With the last scheduled rise in tobacco tax approaching ...More >>

Capital Gains Tax still the best option for Auckland

Fri, 25 Sep 2015 14:52:52 +1200 | Green Party

A proper Capital Gains Tax remains the most essential immediate option to fix the Auckland housing crisis, the Green Party said. More >>

Council's Financials Even Worse than Expected

Fri, 25 Sep 2015 13:12:59 +1200 | Auckland Ratepayers' Alliance

Today’s release of Auckland Council’s annual report show that the City is in an even worse financial shape than its critics predicted. The report, adopted by the Council yesterday and released today, show that the Council’s total liabilities ...More >>

Public want sugary drinks tax

Fri, 25 Sep 2015 10:33:32 +1200 | University of Auckland

A significant shift in New Zealand public attitudes towards a tax on sugary soft drinks has been identified from recent poll results. More >>

Overcharged drivers must be refunded

Thu, 24 Sep 2015 16:23:28 +1200 | New Zealand Labour Party

The ACC Minister must ensure owners of cars “inconsistently” classified under her flawed risk-rating model are refunded for being overcharged for their motor vehicle registration ACC levy, Labour’s ACC Spokesperson Sue Moroney says.More >>

New ACC legislation: fairer, transparent, more stable levies

Wed, 23 Sep 2015 17:26:25 +1200 | New Zealand Government

ACC Minister Nikki Kaye says the passing today of the Accident Compensation (Financial Responsibility and Transparency) Amendment Bill will deliver greater transparency around levy-setting, and help ensure that levies are more stable over time and fairer, ...More >>

Law Society identifies problems with “bright-line test”

Wed, 23 Sep 2015 13:01:14 +1200 | New Zealand Law Society

The New Zealand Law Society is concerned that the proposed two-year “bright-line test” for sales of residential property will unfairly catch ordinary taxpayers who need to sell property within two years of purchase because of changes in their ...More >>

ACC funding transparency supported

Tue, 22 Sep 2015 12:42:36 +1200 | Business New Zealand

BusinessNZ says the removal of ACC residual levies will be a welcome step towards a more transparent ACC. More >>

Feedback sought on GST rule fixes

Thu, 17 Sep 2015 12:54:35 +1200 | New Zealand Government

Revenue Minister Todd McClay has welcomed the release today of an issues paper that provides options to improve the way certain GST-related rules operate in practice. More >>

Bill Stops Automatic Eligibility to NZ Super

Wed, 16 Sep 2015 07:52:42 +1200 | New Zealand First Party

With New Zealand’s population ageing as revealed in recent population statistics, it’s time to review residence eligibility to NZ Super without altering age eligibility and universality, and without means testing, says New Zealand First.More >>


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