Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Tax Law On Maori Organisations To Be Revamped

"The income tax rules applying to Maori organisations and businesses that manage Maori assets need to be simplified and updated," Revenue Minister Michael Cullen and Maori Affairs Minister Parekura Horomia said today.

They were commenting on the release of a discussion document on proposed tax law changes that will affect a broad range of Maori authorities, including marae, runanga, land trusts, trust boards and incorporations.

"The rules were last revised 50 years ago. They are confusing, sometimes result in double taxation, and impose unnecessarily high compliance costs," Dr Cullen said.

Mr Horomia said the government was inviting feedback on three options based on income tax law but modified to take account of the specific characteristics of Maori organisations.

"They would be able to choose whether to be taxed under the Maori authority rules or the ordinary income tax rules," he said.

Dr Cullen said the definition of 'Maori authority' would be clarified to ensure that only Maori organisations and businesses that administered Maori property in common ownership could apply the special rules.

The review also proposed changes to the charitable status requirements for an exemption from income tax so that an entity would not cease to be eligible simply because its purpose was to benefit a group of people connected by blood ties or whakapapa.

"To assist the consultations, officials are holding information workshops around the country during this month and next. We hope all those interested will take this opportunity to help shape policy," the Ministers said.

Taxation of Maori organisations is available at Bennett's Government Bookshops and at www.taxpolicy.govt.nz or at www.treasury.govt.nz.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Why The Public Doesn't Always Do As Told, Even In 24 Languages


Today we were told that the Covid vaccines available to New Zealand are both halal and kosher. Good to know. And good to officially recognise that we’re no longer living in a monoculture. Reportedly, the government is putting its Covid messages in 24 different languages on its website. Yet according to its critics that’s not enough. Supposedly, we could have avoided the need for the latest lockdowns entirely if only the government had shown better communications skills... More>>


 


Government: Next Stage Of COVID-19 Support For Business And Workers

The Government has confirmed details of COVID-19 support for business and workers following the increased alert levels due to a resurgence of the virus over the weekend... More>>

ALSO:




Government: PHARMAC Review Announced

The Government is following through on an election promise to conduct an independent review into PHARMAC, Prime Minister Jacinda Ardern and Health Minister Andrew Little announced today... More>>

ALSO:


Government: Main Benefits To Increase In Line With Wages

All measures of child poverty were trending downwards, prior to the COVID-19 lockdown, across the two years since year ended June 2018, Stats NZ said today. The COVID-19 lockdown in late March 2020 affected Stats NZ’s ability to collect data from households ... More>>


Covid-19: Auckland Back To Alert Level Three After One New Community Case Revealed

Auckland will move to alert level three for a week at 6am tomorrow morning after two new Covid-19 community cases announced this evening could not be directly linked to earlier cases, the Prime Minister has confirmed.
The rest of the country will move to level two.... More>>

NZ Initiative: New Report Highlights How Our Housing Crisis Could Worsen If We Don’t Act Now

If New Zealand politicians thought the housing crisis in 2020 was bad, the worst is yet to come, warns a new report by The New Zealand Initiative. In The Need to Build: The demographic drivers of housing demand , Research Assistant Leonard Hong ... More>>

Parliament: Kiwi MPs Among The “Most Educated In The World”

New analysis of MP qualifications reveals New Zealand’s Parliament is one of the most educated and highest qualified in the world, and significantly more educated than Australia’s. The research, by Mark Blackham of BlacklandPR and Geoffrey Miller ... More>>

The Dig: An Illogical Ideological Struggle

Dig beneath all the trade wars and the arguments to the effect that the USA should not permit China to achieve economic and technological superiority, or even parity, and you find the real reason behind the conflict... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels