Parliament

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

 

Feedback sought on GST cross-border neutrality proposals

Hon Peter Dunne
Minister of Revenue

Tuesday 23 August 2011 Media Statement

Feedback sought on GST cross-border neutrality proposals

A discussion document released today for public consultation seeks feedback on options for addressing issues relating to goods and services tax (GST) as it applies to businesses trading with each other across borders.

Revenue Minister Peter Dunne welcomed the discussion document.

“GST is a tax on consumption and should be a neutral tax for businesses, whether they are resident or non-resident. By addressing the current limitations on non-resident businesses claiming back New Zealand GST, we can help level the playing field for local businesses as they compete internationally,” said Mr Dunne.

Mr Dunne says that he is aware of cases where New Zealand’s GST represents a real cost to non-resident businesses significantly compromising New Zealand companies’ competitiveness in global markets.

“For example, the aviation training industry provides training services to overseas airlines. As the GST is a business-to-business cost, the outcome under the proposals in the discussion document would allow the overseas entities to register and claim back the GST,” Mr Dunne said.

The discussion document looks at changes that could be made to the GST system that would move towards non-resident businesses being treated in a similar way to their New Zealand counterparts.

Submissions close on 7 October 2011.

The discussion document is available on Inland Revenue’s tax policy website www.taxpolicy.ird.govt.nz

ENDS


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Populism’s Changing Of The Guard, Plus A Soul Music Playlist

The weekend’s Newshub/Reid Research poll results - Act up to 11.1%, National up 1% but still sitting at only 28.7%, Labour down to 43%, the Greens up to 8.5% - shows that the combined centre right vote is still languishing nearly 12 points behind the combined centre-left vote, 45 months after the last centre-right government was voted out... More>>



 
 


Finance: Finance Minister And RBNZ Governor Agree To Update MOU On Macro-prudential Policy

Finance Minister Grant Robertson and Reserve Bank Governor Adrian Orr have updated the Memorandum of Understanding (MoU) on macro-prudential policy to further protect the financial system and support the Government’s housing objectives... More>>

Government: Offers Formal Apology For Dawn Raids
Prime Minister Jacinda Ardern has today formally apologised to Pacific communities impacted by the Dawn Raids in the 1970s.

Between 1974 and 1976, a series of rigorous immigration policies were carried out that resulted in targeted raids on the homes of Pacific families... More>>


Government: Bill Introduced To Protect Against Conversion Practices

Legislation has been introduced to Parliament to protect against practices intended to change or suppress someone’s sexual orientation, gender identity, or gender expression... More>>

ALSO:




Human Rights Commission: Successive Governments Responsible For Massive Breaches Of The Right To A Decent Home

Te Kahu Tika Tangata / Human Rights Commission has today launched Framework Guidelines on the Right to a Decent Home in Aotearoa and announced that it will hold a national inquiry into housing... More>>



NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels