Rewrite Advisory Panel tagged posts

Feedback Sought on Tax System

July 26, 2010 New Zealand Taxation

FocusIn an effort to create a “world-class” tax system, the Government is seeking public feedback on concerns taxpayers currently have with older legislations.

The New Zealand Rewrite Advisory Panel (RAP) requires public comment legislations surrounding the taxation of beneficiary income of trusts and the issue of Available Subscribed Capital on corporate reorganizations. The request was raised by Peter Dunne, Revenue Minister of New Zealand, late last week.

The two issues are the initial cases that will be investigated by the RAP its new role as a consulting independent body to the Government on remedial tax issues. The RAP was originally created to investigate unintended changes arising during the rewrite of the Income Tax Act 1994...

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