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


Tax bill raises maximum charity rebate

14 May 2002

A bill introduced today will raise the maximum rebate for donations to charities from $500 to $630 and will extend the corporate tax deduction to include a wider range of companies.

The legislation will also modernise the tax rules on organisations that manage Maori assets held in communal ownership.

"The present rules date from 1952 and are unnecessarily complex and restrictive so an update is long overdue," Revenue Minister Michael Cullen said.

"The rule changes will affect Maori authorities ranging from small trusts managing blocks of land to the Treaty of Waitangi Fisheries Commission. They will also simplify the income tax requirements for people who derive benefits from these organisations," Dr Cullen said.

Other major features of the Taxation (Annual Rates, Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Bill are:
- Further changes arising from the government's review of the taxpayer compliance and penalty legislation, including a new penalty on promoters of certain tax schemes.
- Further tax simplification measures aimed at small and medium-sized businesses.
- Changes clarifying the GST treatment of cross-border telecommunications.

"The Government had considered including in the bill the proposals arising from the recent issues paper on mass-marketed tax schemes but consultation indicated that further analysis is needed," Dr Cullen said.

Full information on matters in the Taxation (Annual Rates, Maori Organisations, Taxpayer Compliance and Miscellaneous Provisions) Bill is available in the commentary on the bill published on the website of the Policy Advice Division of Inland Revenue at


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Claims About The CPTPP

As a Tufts study usefully explained, some of the basic mechanisms of the original TPP (and the CCTPP is not radically different in this respect) would – in practice – contribute to income inequality, by further tilting the existing imbalance between those reliant on profit-taking as a source of income, and those reliant on wages...

Under the original TPP deal, the Tufts team estimated, 5,000 jobs would have been lost across New Zealand. More>>


Growing The Regions: Provincial Growth Fund Open For Business

The new $1 billion per annum Provincial Growth Fund has been officially launched in Gisborne today by Regional Economic Development Minister Shane Jones. ... More>>


22/2: Earthquake Memorial Service In Christchurch

"The theme of this year's service, 'Keeping their dreams alive" helps us look back at all that we've lost with a sense of hope and aspiration for the future,'' says the Mayor. "It also helps us to recall all those who came to our rescue and those who offered support at our time of need and what that meant to us." More>>


Submissions Closing: Mangroves Bill 'Designed To Bypass RMA'

Forest & Bird is releasing emails which show the Mangroves Management Bill is intended to completely override the safeguards of the Resource Management Act (RMA). More>>


EQC Shakeup: Chair Of Earthquake Commission Has Resigned

The Chair of the Earthquake Commission, Sir Maarten Wevers, has resigned following receipt of a letter from Minister Responsible for the Earthquake Commission, Dr Megan Woods expressing her displeasure with the performance of the Commission ... More>>


NZer Of the Year: Gender Pay Equity Activist, Kristine Bartlett – A Brilliant Choice

National Council of Women (NCWNZ) CEO and Gender Equal NZ Spokesperson, Dr Gill Greer says she’s delighted with news that equal pay champion, Kristine Bartlett, has been named New Zealander of the Year . More>>


Perceived Transparency: New Zealand #1 Least Corrupt Public Sector In The World

New Zealand's public sector is ranked the least corrupt in the world, according to Transparency International's 2017 Corruption Perceptions Index (CPI) released globally today. More>>


Reviews: Three-Year Work Programme For Education

The work programme includes the NCEA review, a review of Tomorrow’s Schools, developing a future-focused Education Workforce Strategy, a continuous focus on raising achievement for Māori and Pasifika learners, an action plan for learning support, an early learning strategic plan, a comprehensive review of school property. More>>





Featured InfoPages