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

 


Dunne: Govt considers Christchurch quake tax issues

Dunne: Govt considers Christchurch quake tax issues

Although Inland Revenue had already put in place a number of urgent measures in response to last month's Christchurch earthquake, the Government is looking at further measures in response to issues raised by the public, Revenue Minister Peter Dunne said today.

"I am very pleased with Inland Revenue's response to the position people found themselves in after the earthquake.

"The flexibility they have shown from immediately after the quake has helped alleviate undue stress and concern on tax matters at least during this terrible time," Mr Dunne said.

He explained that Inland Revenue's response had to date been focused on the plight of business and individual taxpayers, and on its own people and how it operates in Christchurch with its premises closed.

He said Inland Revenue's policy team has been involved in the earthquake support package developed by the Ministry of Social Development, and in ensuring that Inland Revenue's powers to forgive interest are appropriate.

Mr Dunne said that the department had also been helping to facilitate and encourage donations to charities at work in helping Christchurch's post-quake recovery.

"The Christchurch Earthquake Appeal, launched by the Prime Minister in the days after the quake, has been granted donee and tax exempt status. New Zealand donors to the Appeal can therefore claim a tax credit or deduction for donations, while officials are clarifying the tax treatment of donations from overseas with foreign tax administrations," he said.

Mr Dunne said public feedback on what is needed in the wake of the quake would potentially drive some urgent legislative changes.

"I am working through a list of issues compiled by officials and considering possible legislative responses."

Areas identified for consideration to date include:

* Depreciation issues including laws clawing back depreciation from the insurance proceeds on destroyed buildings.
* A number of statutory dates that oblige taxpayers to take action, especially around 31 March.
* The tax treatment of donated goods.
* The redundancy tax credit that expires on 1 April this year.
* The tax treatment of welfare benefits provided by employers (including ex gratia payments).

Mr Dunne said that he would be working on these issues with his ministerial colleagues and expected to be in a position to announce details of decisions in a couple of weeks.

"The tax system can provide valuable help to the people of Christchurch.

"It is important that we do all we canto provide the greatest assistance, while maintaining the integrity of the tax system," he said.

Ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

'Tea Break Bill' Passes: Gordon Campbell On Bad Labour Laws And Poor Safety

By co-incidence, one of the prime dangers of the government’s new employment relations law has been underlined by the release of the death and injury statistics among workers at New Zealand ports. These are highly profitable enterprises for the port owners.

The Port of Tauranga for instance, is expecting its current full-year profit to be between $78 million and $83 million and other ports are enjoying similar boom times – but they are also highly dangerous places for the people who work on or around the port premises. At the Port of Tauranga, there have been 26 serious accidents since 2011, and two deaths. More>>

 

Parliament Today:

No Charges: Outcome Of Operation Clover Investigation

Police have completed a multi-agency investigation, Operation Clover, into the activities of a group calling themselves “The Roast Busters”. The 12 month enquiry focused on incidents involving allegations of sexual offending against a number of girls in the Waitemata Police district and wider Auckland area... More>>

ALSO:

UNICEF Report: NZ Cautioned On "Stagnating" Child Poverty

An international report by UNICEF has found that child poverty rates in New Zealand have barely changed since 2008, despite similar sized countries significantly reducing child poverty during the recent recession. More>>

ALSO:

Funding Report: Two Pathways For Transport In Auckland

Commissioned by Auckland Council, the group was asked to investigate two possible pathways for raising $300 million per year ($12 billion over 30 years) to pay for the improvements needed to help fix Auckland’s transport system. More>>

ALSO:

Pay Equity: Equal Pay Win In Court Of Appeal

CTU: The Court of Appeal has made a historic decision paving the way for a substantial equal pay claim for aged care workers. More>>

ALSO:

Gordon Campbell: On The TPP Finishing Line, And Amazon’s Woes

If the Trans Pacific Partnership trade deal wasn’t such a serious matter, this would be pretty funny… More>>

ALSO:

TV3 Video: Three Die On Roads Over Labour Weekend

The official holiday period ended at 6am Tuesday, with three deaths on the roads during the Labour Day weekend. More>>

Employment Relations Bill: Govt Strains To Get Tea Break Law Through

The Government has been left with egg on its face - failing to get its much-vaunted, but hugely unpopular, meal break law passed in the first week of its new term, Labour spokesperson on Labour Issues Andrew Little says. More>>

ALSO:

Guns: Police Association Call To Arm Police Full Time

"The new minister gave his view, that Police do not need to be armed, while standing on the forecourt of parliament. The dark irony was that the interview followed immediately after breaking news of a gunman running amok in the Canadian parliament in Ottawa..." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news