Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Stay focused on fair and efficient tax policy

For immediate release
9 October 2017

Stay focused on fair and efficient tax policy, Chartered Accountants ANZ advises coalition negotiators

Chartered Accountants Australia and New Zealand (CA ANZ) today called on coalition negotiators to avoid ad hoc changes to the tax system as part of their talks.

“Political objectives should not override the principles of good tax policy such as fairness, efficiency, sustainability and coherence,” said CA ANZ’s New Zealand Tax Leader John Cuthbertson.

“Doing so is likely to lead to a less effective tax system and cause for regret.”

Cuthbertson warned that rushed policy design and implementation will lead to unclear legislation and undercut the certainty taxpayers desire.

“The negotiators should also remember that pressure on the current overall tax base will only increase as the number of retirees grows and government spending increases over time whilst New Zealand’s workforce and income tax base decrease,” Cuthbertson said.

Read our tax advice for the next New Zealand government - Taxing Times


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Westpac NZ: Warns About Sophisticated New Scam
Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus.
The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery... More>>



Campaign For NZ Coastal Tankers : Says Fuel Security At Risk

Three unions representing New Zealand shipping crews are mounting a united campaign to protect New Zealand’s fuel security and save New Zealand coastal tankers... More>>



Tourism: Travel Bubble With Cook Islands Resumes

Cook Islands tourism restarts today, ending a five-month border closure due to COVID-19. Graeme West, General Manager Australasia for Cook Islands Tourism Corporation, said today’s first flight of quarantine-free travel from New Zealand to the Cook Islands is very significant... More>>


Insurance Council of New Zealand: September South Island Windstorm Cost $36.5 M Raises 2021 Extreme Weather Claims Total To $321.6 M

Gale force winds and storms between 9 and 13 September 2021 resulted in insurers supporting communities to the tune of $36.5 m. This is a significant rise, of $16.7 m, on preliminary figures for the event and lifts the end of year total for all extreme weather events in 2021 to $321.6 m... More>>


Statistics: Building Consents Hit New Highs In November
There were a record 48,522 new homes consented in the year ended November 2021, Stats NZ said today. This was up 26 percent compared with the year ended November 2020... More>>

Fonterra: Revises Milk Collection Forecast
Fonterra Co-operative Group Limited today revised the forecast for its 2021/22 New Zealand milk collections to 1,500 million kilograms of milk solids (kgMS), down from its opening forecast of 1,525 million kgMS... More>>