Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

OECD report welcomed - Cullen

Revenue Minister Michael Cullen has welcomed an OECD report on harmful tax practices that gives New Zealand a clean bill of health.

Progress on Identifying and Eliminating Harmful Tax Practices, released today, lists a number of tax havens and discusses harmful tax practices among OECD members.

"The report identifies 35 jurisdictions that technically meet the OECD's tax haven criteria. They include seven Pacific Island countries: the Cook Islands, Marshall Islands, Nauru, Niue, Samoa, Tonga and Vanuatu," Dr Cullen said.

"The OECD hopes they will co-operate with it to remove their harmful tax practice. New Zealand shares that hope.

"The international view is clear that in a community of nations, all countries should meet certain standards of behaviour, and the OECD work is helping to establish these.

"New Zealand has played a significant role in the development of this report as an OECD member. The report does not set out sanctions that will be applied against countries with harmful practices. Instead it discusses a framework by which countries can co-operate to counter harmful tax practices.

"Countries need tax rules that are robust against such practices. New Zealand has such rules but will continue to keep them under review and take any conclusions the OECD reaches into account," Dr Cullen said.

For more information, see www.oecd.org/daf/fa. The OECD's press statement on the report is available on the web site of the Policy Advice Division of Inland Revenue at www.taxpolicy.ird.govt.nz.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Dealing Crackdown, Addiction Support: Government Action On Synthetics

The NZ Drug Foundation has welcomed the Government’s response to synthetic drug deaths. The response strikes a balance between giving law enforcement the tools they need to target criminal networks and changing drug law to make it easier for people to access help when they need it. More>>

ALSO:

Strategy Committee Unanimous: Wellington To Forge Ahead With Convention Centre

The three-storey Cable Street building, with around 18,000-square metres of floor space, will comfortably be able to host 1500 people for conventions. It includes a 1651sq m exhibition area that will attract international exhibitions too big for nearby Te Papa and provide an always-changing visitor attraction. More>>

ALSO:

Surveying The Surveillance: First IGIS Review Of Warrants Under New Act

The report sets out the Inspector-General’s interpretation of the new warrant provisions under the ISA and her expectations of the GCSB and NZSIS when they prepare warrant applications. More>>

SSC: 2018 Public Service Workforce Data Published

State Services Commissioner Peter Hughes has published the 2018 Our People, Public Service Workforce Data , which shows the Public Service is making significant progress in important areas. More>>

ALSO:

Sinking Cap: Auctions, Permanent Forests, Added To ETS

The move to auctions, signalled in an August consultation paper, will help put a cap on the number of emission units available over time. Annual announcements, looking forward five years, will help provide certainty for scheme participants, she said. More>>

ALSO:

Joint Select Committee Report: Achieving Smokefree 2025

In a historic first for select committees, the Māori Affairs Committee and the Health Committee presented their joint report on achieving the Smokefree 2025 goal to the House on Tuesday, 11 December 2018. More>>

"Shared Interests And Democratic Values": Peters To Visit USA

Deputy Prime Minister and Foreign Affairs Minister Winston Peters will travel to Washington D.C. for talks with US Secretary of State Michael R. Pompeo and other senior members of the US Administration. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels