Taxation System Consultancy Group Set Up

May 8, 2009 New Zealand Taxation  No comments

An assistance group for the Government has been set up, with the aim of advising the government on the taxation system decisions and planning.

It was announced by Finance Minister Bill English and Revenue Minister Peter Dunne that the “Tax Working Group” has been established and will assist the Government with policy decision changes. While the newly formed group will not have direct input into the decision making process for the Government, it will still be influential in its actions. Primarily the group will conduct a number of meetings in the time space between June and November, along with publishing a number of papers which will directly address issues faced by the Government. The product of the meetings and conclusions of the meetings will be used as references for any decisions made.

Statements made by Bill English and Peter Dunne indicate that the Tax Working Group’s primary concern will center in the medium-term decisions facing the Government. Ideally the group is aimed at providing unbiased pros and cons research into key issues. The group is headed by Victoria University’s Centre for Accounting, Governance and Taxation Research and is comprised of academics, private sector figures, along with representatives from both the Treasury and Inland Revenue.