NEWS RELEASE 22 NOVEMBER 1999

INSTITUTE OF CHARTERED ACCOUNTANTS RELEASES COMPARISON OF MAJOR PARTY TAX POLICIES

With just days before the election, the Institute of Chartered Accountants of New Zealand has released a summary of the two major parties’ tax policies.

Institute Tax Director Jeff Owens says the document takes a comparative look at National and Labour’s major business and personal tax policies, and provides an overview of what people can expect.

“As well as contributing to the debate on tax issues, this document also provides an interesting insight into the future tax policy, depending upon the make-up of the new Government,” says Mr Owens.

Mr Owens says tax has naturally been a topic of much debate in the build-up to the election, however nobody has taken an overall look at both party’s policies and documented it in such an easy to understand, informative way.

The document is a result of the Institute’s National Tax Conference, held in Christchurch recently, and attended by more than 240 people, including lawyers and Chartered Accountants specialising in tax.

Dr Michael Cullen was representing the Labour Party, and Associate Minister of Revenue Hon. David Carter discussed the National Party’s taxation policy.

See attachment: National and Labour Tax Policies

ENDS

For further information contact:
Jeff Owens
Tax Director
Institute of Chartered Accountants of New Zealand
DDI: 04-474-7860
Mobile: 025-818-635

Issued by Shandwick New Zealand on behalf of
the Institute of Chartered Accountants of New Zealand

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