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


Green Tax SOP Protects Funds For Kids

Green Tax SOP Protects Funds For Kids From Violent Families

The Green Party will today be introducing a supplementary order paper on the Taxation (Beneficiary Income of Minors) Bill to protect money set aside for children exposed to domestic violence.

The Taxation Bill is designed to remove a long-term loophole which has allowed family income to be distributed to children to reduce tax payments. In the 1999 income year about 3,000 children under the age of six received beneficiary income exceeding $21 million.

The Green SOP, which has the support of the Government, will create an exception where a protection order is in place as a result of a violent family situation so that any money in trust for the benefit of children will continue to be taxed at the minor's tax rate.

"We support the intention of the bill to stop kids being used as a tax dodge but there are a small group of vulnerable children who are in a different situation and whose rights needed to be protected," said Green MP Rod Donald.

"These children have trusts set up in their name for genuine reasons such as where an abusive parent controls the family assets, and some assets are put aside for a child's future.

"In this case, it would be patently unfair for a child to have to pay the company tax rate because the income is clearly theirs.

"While the number of children involved is tiny, a much higher tax-rate would reduce their chances of a decent start in life. I'm therefore very pleased the Government has agreed to support my amendment," said Mr Donald.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election