PwC welcomes chance to make tax simpler

PwC welcomes chance to make tax simpler

Revenue Minister Todd McClay and Finance Minister Bill English have today officially launched the Government’s public consultation on options for simplifying and modernising New Zealand’s tax administration.

PwC Tax and Private Business Leader Geof Nightingale says, “The proposed changes are fundamental and ambitious, and the direction of travel is a positive one. Opportunities are available for businesses to engage and work together with the Inland Revenue to ensure any changes will be beneficial to them.

"The tax system touches nearly every New Zealander and redesigning the tax system is a huge challenge. It is crucial any changes are well considered and implemented as seamlessly as possible. Small businesses in particular would feel compliance costs in coping with the changes falling on them disproportionately in the shorter term. However, New Zealand businesses will be better off in the longer term, with the changes set to save them costs and time,” he says.

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