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

 


Job done for Rewrite Advisory Panel

Job done for Rewrite Advisory Panel

Revenue Minister Todd McClay has announced that the Rewrite Advisory Panel is likely to have completed its work and will therefore be disestablished by the end of 2014.

Mr McClay says the Panel has achieved what it set out to do and would complete its work after considering final submissions.

“Over the years the Rewrite Advisory Panel has done a fantastic job to ensure our tax legislation remains consistent with the intention of drafting tax law that is clear enough for taxpayers to understand it,” Mr McClay says.

The Rewrite Advisory Panel comprises representatives from the New Zealand Institute of Chartered Accountants, the New Zealand Law Society, Inland Revenue, and an independent Chair.

The Panel was initially set up in 1995 to help with the progressive rewrite of New Zealand’s income tax law in plain-English. In 2004 the Panel’s role was extended to help deal with any unintended legislative consequences arising from the rewrite process.

“So far the Panel has completed 176 public submissions on unintended legislative changes, with approximately 80 per cent being recommended for legislative correction. A further 500 minor amendments have also been agreed to.”
“People who want their suggestions about unintended legislative changes to be considered by the Panel should submit them by 31 July 2014.”

Later submissions will be administered by Inland Revenue as part of its normal remedial tax work programme.

“I am grateful for the work of the Panel members, their current Chair, David McLay, and past Chairs Colin Blair and Sir Ivor Richardson, for providing an effective vehicle to deal with the remedial issues that have arisen as a result of the rewrite of tax law.

“Inland Revenue will be continuing its consultations with the New Zealand Institute of Chartered Accountants and the New Zealand Law Society on the best way to proceed with future submissions,” Mr McClay says.

Further information on the Rewrite Advisory Panel and its work can be found at www.rewriteadvisory.govt.nz.

ends

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Last Days Of Parliament: Slave Ships Bill To Pass

The House resumed at 9am and MPs agreed to add the third reading of the Fisheries (Foreign Charter Vessels and Other Matters) Amendment Bill to this morning’s business.

The bill requires all foreign owned fishing vessels to fly under a New Zealand flag from May 2016 and obey all New Zealand laws. This includes labour laws...

Last night Opposition MPs accused the Maori Party of blocking the passage of this bill into law in this Parliament, no members of the Maori Party were in the House to answer the accusations though they denied this in a press release. More>>

 

Parliament Today:

Novopayout: Government-Owned Company To Take Over School Payroll

After lengthy negotiations, the Ministry of Education and the existing school payroll provider, Talent2, have settled both on the amounts payable by Talent2 towards the costs of remediating the Novopay service and a new operating model for the school payroll system. More>>

ALSO:

Police: Crewe File Review Released

No new evidence has come to light implicating any specific person as being responsible for the murders of Jeannette and Harvey Crewe... The review identifies there is a distinct possibility that Exhibit 350 (the brass .22 cartridge case) may be fabricated evidence, and that if this is the case, that a member of Police would have been responsible. More>>

ALSO:

Werewolf Issue #49: Gordon Campbell Interviews Laila Harre

For 25 years, Labour and National have been in virtual agreement about the basics of economic policy, and differed mainly on how to go about managing its social consequences. More>>

ALSO:

Greens: Plan To Protect Our Maui’s Dolphins

1. Protect Maui’s from being killed in the sanctuary set up to protect them... 2. Extend fishing protections to the entire Maui’s range... 3. Help protect the livelihoods of affected fishers by supporting them to adopt dolphin-safe fishing methods. More>>

ALSO:

Gordon Campbell: On National’s Electorate Deals

For all the talk yesterday from Prime Minister John Key about National being transparent about its electorate deals in Epsom and Ohariu, that transparency is entirely front-loaded. More>>

ALSO:

Greens: Oil Drilling Face-Off With Labour

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling; 2. Implement compulsory shipping lanes for coastal shipping; 3. Build Maritime New Zealand’s oil spill response capability; and 4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

ALSO:


Nick Smith v Fish & Game:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news