Scoop has an Ethical Paywall
Tax Law Committee Stage Completed
Tax law covering the purchase of residential land by foreigners has completed its committee stage.
The Taxation (Land Information and Offshore Persons Information) Bill progressed with the support of all parties except NZ First and was reported with amendment.
The bill brings into effect the Government’s Budget announcements around the purchase of residential land for speculative profit and requires offshore persons to provide IRD numbers and bank account details when purchasing residential investment properties.
Labour and the Greens supported the bill saying it was a step forward but was inadequate and messy.
MPs then returned to the interrupted committee stage of the Gambling Amendment Bill (No 3).
**
ParliamentToday.co.nz is a breaking news
source for New Zealand parliamentary business featuring
broadcast daily news
reports
Binoy Kampmark: The Australian Defence Formula, Spend! Spend! Spend!
Ian Powell: New Hospital Building Trumps ‘Yes Minister’ Hospital Without Patients
Mike Treen: Prices Are Still Rising - It's A Cost Of Living Crisis
Gordon Campbell: On When Racism Comes Disguised As Anti-racism
Peter Dunne: Newshub And TVNZ Tip Of Media Iceberg
Harry Finch: Austerity – For And Against