Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Future of Tax seeking public opinion

Future of Tax seeking public opinion

BusinessNZ has welcomed the release of the Tax Working Group background paper The Future of Tax.

BusinessNZ Chief Executive Kirk Hope, a member of the Tax Working Group, wants those in business to read the background paper and to make submissions.

"Tax reviews are infrequent and can bring significant changes for business and the economy.

"This review is particularly important as it comes at a time when technology advances are affecting both business and business revenue gathering.

"I would urge businesses to comment on the background paper and take the opportunity to be heard," Mr Hope said.

The Tax Working Group is seeking public opinion on the overall performance of the tax system, as well as seeking views on specific questions such as:

- How would a capital gains tax affect housing affordability?

- Should corporate tax become progressive, rather than a flat rate across all businesses?

- Should environmental taxes be introduced?

- Should there be GST exemptions?

- Should additional taxes such as stamp duty, financial transaction taxes and wealth taxes be introduced?

The Tax Working Group background paper The Future of Tax can be downloaded here.

Submissions are due on 30 April.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: 'Wellbeing Of NZers At The Heart Of Budget Priorities'

“We want a wellbeing focus to drive the decisions we make about Government policies and Budget initiatives. This means looking beyond traditional measures - such as GDP - to a wider set of indicators of success,” Grant Robertson said. More>>

ALSO:

Short Of 2017 Record: Insurers Pay $226m Over Extreme Weather

Insurers have spent more than $226 million this year helping customers recover from extreme weather, according to data from the Insurance Council of NZ (ICNZ). More>>

Environment Commissioner: Transparent Overseer Needed To Regulate Water Quality

Overseer was originally developed as a farm management tool to calculate nutrient loss but is increasingly being used by councils in regulation... “Confidence in Overseer can only be improved by opening up its workings to greater scrutiny.” More>>

ALSO:

Deal Now Reached: Air NZ Workers Vote To Strike

Last week union members voted overwhelmingly in favour of industrial action in response to the company’s low offer and requests for cuts to sick leave and overtime. More>>

ALSO: