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

The National promised tax cuts came into effect on the 1st of April, 2009. As of the first of April, 2009, a number of changes are taking place in the New Zealand taxation system both in regards to business and personal taxation. To the everyday individual, most noticeable amongst these will be the introduction of the Independent Earners Tax Credit, which will deliver a net $520 ($10 per week) to those earning between $24,000 and $44,000. This decrease at 13 cents per ... Read More

The Government has proposed a $50 tax to be enforced upon anyone who commits a crime. The national-led Government is set to bring forward for discussion a new tax which will be levied on anyone coming to court and being charged with a crime. The new tax will be charged regardless of seriousness of offence, extending from murder to traffic offences. The collected $50 is aimed at repaying victims of crimes. It will be collected alongside other court fees and is reputed to ... Read More

The new government released their new personal tax plan on Tuesday 9th of December, featuring altered tax levels and earning brackets. The new personal tax plan is set to come into effect on the 1st of April 2009, with changes on the same date of each of the next three subsequent years. The first year saw will see the earnings brackets change to $0 to $14,000, $14,001 to $48,000, $48,001 to $70,000 and above $70,001. The personal tax rates will become 12.5%, 21%, 33% ... Read More