Celebrating 25 Years of Scoop
Special: Up To 25% Off Scoop Pro Learn More

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

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.