New Zealand Prime Minister John Key has given indications that the New Zealand Government will continue to investigate the viability of personal tax cuts in 2010. At his first press conference for 2010 John Key summarized the Government’s goals for the new year, and said that "Shoring up the tax base and ultimately lowering personal tax rates are important”. Though he provide no further details, John Key said that further explanations on the Government’s economic position will be provided on February 9th, at ... Read More

Labour Party Leader Phil Goff has made a myriad of promises to New Zealand in regards to his party’s future taxation ideas. On the 12th of September at a Labour Party conference in Rotorua, Phill Goff, Labour Party leader vowed that if Labour were to be re-elected there would be no rise in personal taxation, GST or introduction of Capital Gains tax. The concession on the capital gains tax remains that it applies exclusively to first homes and not investment and rental properties. It ... Read More

The 2010-2011 eleven National Party promised personal tax cuts could be faced with a delay. In an interview with Newstalk ZB, New Zealand Prime Minister John Key stated that the idea o cancelling the upcoming promised tax cuts would certainly not be an idea that he would support, although the option of delaying the cuts would be acceptable to him. It seems from John Key’s comments that much effort was expanded in either keeping the level of funding for entitlements equal or even raised. ... Read More

Planned income-tax cuts are looking progressively more unlikely, and New Zealanders seem relieved. As the Government is facing an ever growing disparity between December predicted Treasury surpluses and the grim reality of the actual situation, New Zealand Prime Minister John Key has begun signalling that planned future income-tax cuts might not go ahead. While this is pending on future tax income and government budgets, if the decreasing tax income and growing debt are any indicator, the scrapping seems more than likely. According ... Read More