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

 


Tax conference to address simplification

Hon Todd McClay
Minister of Revenue

17 April 2014

Tax conference to address simplification

Revenue Minister Todd McClay has announced that simplification and modernisation will be the focus of the tax conference to be held in conjunction with Victoria University, on 12 and 13 June.

“The conference, New Zealand’s Tax Administration for the 21st Century, will focus on the simplification of tax administration including PAYE, reducing compliance costs, and will also address issues relating to penalties, debt and enforcement,” says Mr McClay.

“Already we are doing a lot in these areas, for example – myIR and Voice ID make things faster and easier for Inland Revenue’s customers to check personal tax details and file GST returns. Financial reporting changes and the repeal of gift duty help reduce customer’s compliance costs, and we have invested nearly $200 million extra since 2010 on recovering debt and outstanding returns.”

“Around $7.4 billion of debt and outstanding returns were collected in the last two years alone.”

“Business Transformation is an opportunity to modernise and simplify tax administration in New Zealand.”

“It is a chance to review all of Inland Revenue’s processes and policy settings to ensure they are consistent with the objective of making tax compliance simpler and faster for Kiwis.”

“Improvement of tax administration is part of the Government’s Better Public Service agenda. It is critical that Inland Revenue collects and distributes tax in the most cost-effective and efficient manner to meet both the Government’s objectives and our customer’s needs.”

“The conference will bring together academics, business leaders, tax advisors and Government officials to discuss a range of tax administration issues.”

“We are embarking on a once in a generation opportunity to lay the framework for the future administration of the tax system, so we should aim high,” says Mr McClay.

Details of the conference can be found at http://nzpublicfinance.com/tax-administration-conference/.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

CPAG: Government Spends Over $100K Pursuing Beneficiary

For the past fifteen years, Kathryn, now in her fifties and living alone with chronic ill health on a benefit, has been challenging the decision by the MSD that she has to pay back $117,000. She has no assets or savings and cannot afford to pay for fresh food or therapy that would improve her health. More>>

ALSO:

Labour: National’s Cuts Shave $100K Off KiwiSaver By Retirement

New analysis shows National’s constant cuts to KiwiSaver will reduce the average worker’s retirement savings by $100,000 over their working life, Leader of the Opposition Andrew Little says... Since coming to office it has made five separate cuts to the scheme." More>>

ALSO:

Auckland: Transport Operators Switch From SuperGold To AT HOP Cards

Seniors using Auckland’s public transport will need to use their AT HOP cards from today but Auckland Transport has requested its operators to show understanding for those customers yet to complete the switch from SuperGold cards. More>>

ALSO:

Crime Stats: Burglary Up 11.9%

“While burglary rates are still below that of recent years, there has been an increase of more than 10 per cent over the past 12 months, which is of concern to Police and something we are determined to tackle,” says Police Commissioner Mike Bush. More>>

ALSO:

Help: Lifeline Aotearoa Fighting For Survival

Lifeline Aotearoa has announced it only has enough money to run for one more year. By 30 June 2017, all available sustainability reserves and funds from a new mortgage on its Auckland property will be exhausted. More>>

ALSO:

Overseas Investment: Auditor-General To Examine OIO

The Auditor-General is to examine how the Overseas Investment Office collects and manages information following a request from the parliament's finance and expenditure committee. More>>

ALSO:

Gordon Campbell: On Bill English Living In Denial

The working poor have been a direct byproduct of the economic policies in vogue for the past 30 years or more, all over the Western world... That anger was evident in the Brexit vote, and it underlies the support for Donald Trump in the United States. More>>

ALSO:

Final Reading Of Parental Leave Bill: Families With New Babies Victims Of Veto

“For the first time ever, a Bill will have a third reading debate and no vote will be taken at the end because the National Government has used its veto – an extreme measure against families,” says the Bill’s sponsor, Labour MP Sue Moroney. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news