Auckland tagged posts
March 13, 2009 New Zealand Taxation
Some indications have surfaced that point to the government’s planned hike in Auckland’s regional fuel tax might be scrapped.
As current plans stand, Auckland region will see a 2 cent increase in petrol tax on the 1st of July. This will be followed by further increase which will see the level of tax rise to 9.5 cents per liter by 2011. This is topped also by an increase of 1.5 cents to the national fuel tax every year until 2012.
Transport Minister Stephen Joyce has voiced his concern about the pressure of these rises upon the economy. Although the money from the tax rises has already been earmarked for the electrification of Auckland’s railway system...Read More
March 3, 2009 New Zealand Finance
Manukau man, Kineloti Tahaafe was found guilty on the 26th of February for over 300 charges of tax fraud.
Kineloti Tahaafe committed tax fraud by helping 97 different people claim various tax credits. The fraud would involve forging fake donations to churches and in some cases fake housekeeping expenses. Kineloti Tahaafe would forge fake documents for the people he was helping, he would also assist them in filling out and completing the appropriate forms. Although not always, Kineloti Tahaafe would charge between $50 and $100 for his services.
According to the Inland Revenue Department (IRD), Kineloti Tahaafe has made a total of $256,975 in false claims from the activities he was charged with...Read More
February 17, 2009 New Zealand Taxation
The Land Tax paid by all Aucklanders who own land is decreasing this year to 2%.
The tax charged upon anyone in the Auckland region who owns land is set to only increase by two percent this year. The original estimate for the 2009 year was set at 5%. Deputy Mayor David Hay said that by easing this pressure for people, the council is easing pressure on people in this economic climate.
This news must be welcomed warmly by the likes of Reserve Bank Governor Alan Bollard, who has openly voiced his concern in regards to local competition providers like city council and the fees that they impose on people. In 2008 council rates were one of the upward pushing contributors to inflation. Auckland City council charged a 5.7% increase in rates, while inflation was measured at 3.4%.Read More
October 2, 2008 New Zealand Taxation
New petrol taxes are likely to be approved within the next two weeks according to Finance Minister Michael Cullen.
The new petrol taxes are specifically budget to pay for the electrification of Auckland’s rail network. Any surplus that might present itself will be budgeted for further road construction projects. The proposed taxing scale will see an extra 1c added to each liter of petrol on the 30th of June, 2009. A subsequent rise to 3c is scheduled to occur in the winter of 2009 and lastly a raise to 5c in 2011.
While the new petrol tax is not set in concrete yet, Finance Minister Michael Cullen appears confident in it reaching government approval within the fortnight. He went so far as to say that “The Government sees in effect the current electrification as a lock-down certainty...Read More