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PM Encourage Tax Cut Donations

March 20, 2009 New Zealand Taxation  No comments

New Zealand Prime Minister John Key has suggested that if people are in a position to, that they donate their upcoming tax cuts to charity.

In an effort to foster what he calls an “American giving culture”, Prime Minister John Key has said that those who could not bring themselves to spend the new tax cuts, or are otherwise unlikely to need it survive, should consider donating it to charity. He also pointed to a figure claiming that almost 60% of those donating in any given year are likely to not know about the tax rebate that they are automatically entitled to.

While at the moment only a third of what you donate to charity can be claimed as a tax rebate, there have been other suggestions surfacing in regards to possible new rebates...

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