Sep 22, 2009
The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has passed through the final stages of New Zealand Parliament. The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill was first introduced to parliament in March, 2008. It was intended to be a far reaching Bill, encompassing and amending many areas. Peter Dunne, Revenue [...]
The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has passed through the final stages of New Zealand Parliament.
The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill was first introduced to parliament in March, 2008. It was intended to be a far reaching Bill, encompassing and amending many areas.
Peter Dunne, Revenue Minister, stated in regards to the bill "The reforms are aimed variously at reducing tax costs for businesses, bringing tax law up to date with today's commercial environment, protecting ... Read More
Sep 17, 2009
Labour Party Leader Phil Goff has made a myriad of promises to New Zealand in regards to his party’s future taxation ideas. On the 12th of September at a Labour Party conference in Rotorua, Phill Goff, Labour Party leader vowed that if Labour were to be re-elected there would be no rise in personal taxation, [...]
Labour Party Leader Phil Goff has made a myriad of promises to New Zealand in regards to his party’s future taxation ideas.
On the 12th of September at a Labour Party conference in Rotorua, Phill Goff, Labour Party leader vowed that if Labour were to be re-elected there would be no rise in personal taxation, GST or introduction of Capital Gains tax.
The concession on the capital gains tax remains that it applies exclusively to first homes and not investment and rental properties. It ... Read More
Sep 14, 2009
John Key has voiced his feelings opposing the idea of introducing Capital Gains Tax in New Zealand. In a speech given on the 14th of September it was made adamantly clear by the comments of John Key, New Zealand Prime Minister, that he does not support the idea of introducing Capital Gains Tax into the [...]
John Key has voiced his feelings opposing the idea of introducing Capital Gains Tax in New Zealand.
In a speech given on the 14th of September it was made adamantly clear by the comments of John Key, New Zealand Prime Minister, that he does not support the idea of introducing Capital Gains Tax into the New Zealand taxation system.
Capital Gains Tax and the feasibility and benefits of their possible introduction is being investigated be the Tax Working Group. Previously, John Key had been ... Read More
Sep 11, 2009
Statements made by Alan Bollard indicate a possible creation of a property speculation tax. In a statement on the 10th of September, Alan Bollard, Reserve Bank Governor stated that he would support the introduction of a property speculation tax in New Zealand. He provided no firm mechanics on any such possible system, but a brief [...]
Statements made by Alan Bollard indicate a possible creation of a property speculation tax.
In a statement on the 10th of September, Alan Bollard, Reserve Bank Governor stated that he would support the introduction of a property speculation tax in New Zealand. He provided no firm mechanics on any such possible system, but a brief overview of the idea was described. Levies could be imposed on owner unoccupied housing, possibly immediately or if sold within a preset time period. The idea behind such ... Read More
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