The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes [...]

The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes burden faced by an average working family “unfair and inequitable.” According to the Minister the root of the problem resides in the current definition of income and ... Read More

In its latest Tax Outturn report, the New Zealand Government has revealed that the total unconsolidated tax revenues for the seven months to January 2010 were 9 percent lower than the same period last year, and 0.1 percent below previous forecasts. On March 5th the New Zealand Government made public its Tax Outturn data for [...]

In its latest Tax Outturn report, the New Zealand Government has revealed that the total unconsolidated tax revenues for the seven months to January 2010 were 9 percent lower than the same period last year, and 0.1 percent below previous forecasts. On March 5th the New Zealand Government made public its Tax Outturn data for the seven months to January 2010, which it claimed is one of the earliest indicators available to judge the economic conditions of the country. The data shows that ... Read More

The New Zealand Business Council for Sustainable Development (NZBCSD) is encouraging New Zealander’s to focus on the long-term positive effects of tax changes and not the “day-one impacts” of any Government reform propositions. In a press release issued on February 12th the NZBCSD has stated that they are in full support of equating top personal, [...]

The New Zealand Business Council for Sustainable Development (NZBCSD) is encouraging New Zealander’s to focus on the long-term positive effects of tax changes and not the “day-one impacts” of any Government reform propositions. In a press release issued on February 12th the NZBCSD has stated that they are in full support of equating top personal, corporate and trust tax rates, along with lowering across the board personal rates and broadening the tax base, while raising taxes on consumption, as proposed by Prime Minister ... Read More

Putting an end to months of waiting, Prime Minister John Key made his first statement to the Parliament, on February 9th, outlining the Government’s intentions for the tax system, economic growth, along with making the long awaited response to the Tax Working Group Report. With the countries recent focus on the tax system and possible [...]

Putting an end to months of waiting, Prime Minister John Key made his first statement to the Parliament, on February 9th, outlining the Government’s intentions for the tax system, economic growth, along with making the long awaited response to the Tax Working Group Report. With the countries recent focus on the tax system and possible reforms, John Key initiated his speech by disclosing the Government’s plans for the taxation landscape. He indicated that investigations are currently being held around the feasibility of ... Read More