Dec 2, 2009
Within days of the 2025 Taskforce releasing their report to the New Zealand Government and the Tax Working Group’s conference, intense debate has arisen around the changes that need to be made in New Zealand’s taxation system, bringing into question set goals and the methods behind them. Amid a global financial crisis and worldwide climate [...]
Within days of the 2025 Taskforce releasing their report to the New Zealand Government and the Tax Working Group's conference, intense debate has arisen around the changes that need to be made in New Zealand's taxation system, bringing into question set goals and the methods behind them.
Amid a global financial crisis and worldwide climate of tax changes, the New Zealand Government has created two research groups with the common goal of improving the country's financial standing. The 2025 Taskforce was charged with ... Read More
Oct 21, 2009
The Government established Tax Working Group has come into question by the Green Party. According to a Green Party press release published on the 21st of October, Dr Russel Norman, Green party co-leader, has said that the government instituted Tax Working Group is “hopelessly compromised” and not an accurate representation of New Zealand society as [...]
The Government established Tax Working Group has come into question by the Green Party.
According to a Green Party press release published on the 21st of October, Dr Russel Norman, Green party co-leader, has said that the government instituted Tax Working Group is “hopelessly compromised” and not an accurate representation of New Zealand society as a whole.
Dr Russel Norma's objection centers primarily around the panel's inclusion of John Shewan, a former Westpac Bank advisor. According to Dr Norman “The recent outcome ... Read More
Aug 26, 2009
The idea of introducing a land tax has been proposed in New Zealand. The Government commissioned Tax Working Group has raised another idea to aid the New Zealand Government’s coffers, a land tax. As it is envisioned and researched by the Tax Working Group at the moment, the land tax will be levied at 0.1% [...]
The idea of introducing a land tax has been proposed in New Zealand.
The Government commissioned Tax Working Group has raised another idea to aid the New Zealand Government's coffers, a land tax. As it is envisioned and researched by the Tax Working Group at the moment, the land tax will be levied at 0.1% of the unimproved value of land without considering the worth of the buildings on it.
Average households will see a total tax liability of $214 annually, which will raise ... Read More
Aug 10, 2009
The debate of capital gains tax has yet again been brought forward for New Zealand. Craig Elliffe, Auckland University tax policy and law professor, has brought forward the proposal that Government should implement a capital gains tax system. This comes as a counter-action to the proposal from the government established taxation working group which has [...]
The debate of capital gains tax has yet again been brought forward for New Zealand.
Craig Elliffe, Auckland University tax policy and law professor, has brought forward the proposal that Government should implement a capital gains tax system. This comes as a counter-action to the proposal from the government established taxation working group which has recently endorsed the raising of Goods and Service Tax (GST) from 12.5% to 15%.
Craig Elliffe criticized the nature of GST, under which those on a lower income would ... Read More
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