Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Budget Tax Reduction Extended to Maori Authorities

Budget Tax Reduction Extended to Maori Authorities

A reduction in the Maori Authority tax rate included in new amending legislation passed under urgency in Parliament has been welcomed by the Federation of Maori Authorities.

The change will reduce the current tax rate for the majority of Maori Authority members from 19.5 per cent to 17.5 per cent to align it with the lower personal tax rates announced in the 2010 Budget .

Maori Authorities are taxed as a proxy for their members and the reduction will apply from the 2011–12 income year, the same effective date as the similar company tax rate decrease.

“The change is the fulfilment of a promise FOMA made to its members at the time of the Budget,” says FOMA Chief Executive Ron Mark. “ We are pleased and appreciative that the Government has acted so promptly to address what was an unintended anomaly and oversight in the Budget.”

“However, while we are very happy with the 2 per cent adjustment, there is still a case for a further reduction as most shareholders of Maori Authorities are pensioners on miniscule incomes and they should only be taxed at the minimum rate of 12.5 per cent,” said Mr Mark.

“The positive response FOMA received to its request for the adjustment is another demonstration of the Government’s understanding of the importance of the role Maori authorities are playing in the economy and its willingness to work with us for the benefit of the whole community,” said Mr Mark


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why Herd Immunity Isn’t A Valid Option, And What’s With Our Reluctance To Wear Masks?

Herd immunity has recently bounced back into the headlines as a tool for managing Covid-19, and as a supposed alternative to lockdowns. In the US, a group of scientists was recently brought together in the town of Great Barrington, Massachusetts by a think tank funded by the Koch brothers. The assembled scientists signed the so called Barrington Declaration, which promotes herd immunity as a rational means of re-opening US public schools and the economy at large... More>>


Gordon Campbell: On National Being Shafted By Its Own Creation

As it licks its wounds, let’s hope the National Party can still find time to look back with some pride at what it has achieved in Epsom. The Act Party’s nationwide success on Saturday night has been a tribute to National’s foresight, and to its ... More>>


Green Party: 'Fruitful Discussions ... Further Discussions To Have'

The Green Party says there is a negotiation going on with the Labour Party, but there are more discussions to be had. More>>


Border: No Changes To Border Exemptions After Fishing Crew Test Covid-19 Positive

The cases were detected after routine day three testing but the immigration minister and air commodore agree there's no need to change border exemptions. More>>

PSA: Labour-Led Government Has Mandate For Transformation, Equality And Transparency

The Public Service Association welcomes the progressive electoral landslide New Zealand voters delivered on Saturday, and the union says its members look forward to implementing policies that reduce poverty and inequality, support affordable housing ... More>>


Stats NZ: New Report Shows Significant Changes To New Zealand’s Climate

Climate change is already happening in New Zealand and could have a profound impact on future generations of New Zealanders, a new report from the Ministry for the Environment and Stats NZ says. Our atmosphere and climate 2020 , released today, includes analysis ... More>>


Judith Collins: Obese People Must Take Responsibility For 'personal Choices'

National Party leader Judith Collins has described obesity as a weakness and says people should not 'blame systems for personal choices'. More>>

Māori Party: Poll Reveals Tamihere On Cusp Of Historic Māori Movement Election Victory

John Tamihere’s election campaign is on the rise and on track to return the Māori Party to parliament, a new Māori TV poll has revealed. The poll released on 11 October during the seventh and final Māori TV Maori Electoral campaign coverage has Tamihere ... More>>

Gordon Campbell: On Four-Year Terms Of Parliament, And On How The US Courts Are Dismantling Democracy

Last week, the issue of four-year parliamentary terms surfaced again. Infuriatingly, it is being discussed purely in terms of its convenience for political parties. They’d get so much more time to enact their policies, free of scrutiny or sanction by voters ... More>>





InfoPages News Channels