resource tax tagged posts

Labour Proposes Water Tax

August 7, 2014 New Zealand Taxation

water taxThe Labour Party is looking to use targeted taxes to encourage farmers to make better use of waterways for irrigation.

Earlier this week the spokesperson for water of the Labour Party Meka Whaitiri announced a proposed initiative aimed at cleaning the nation’s waterways, lakes and rivers by charging a tax on the use of water resources for irrigation of farms.

In its statement the Labour Party stated that the tax will be a resource rental “on any large water takes for irrigation”, with the collected revenues to be used for funding to “..support proposals for water storage and irrigation schemes provided they have a broad consensus from their communities.”

It is expected that levying a tax on water will encourage farmers to make more efficient use of resources, and may push for a...

Read More