Tax Working Group

Tax Revenue Down by $1.4 Billion

Tax revenues in New Zealand are continues to be below forecast, although the government believes that there will be some improvement.

IRD to Share More Taxpayer Info

The IRD and Ministry of Social Development are improving their info sharing capabilities in order to cut down the occurrence of benefit fraud in New Zealand.

Maori Party Wants Higher Tobacco Taxes

The Maori Party is campaigning for the government to announce even further increases to tobacco taxes in the Budget announcement later this month.

Governments Stills Aims for Surplus in 2014

Despite the recent reduction in the forecast for the New Zealand budget, John Key has repeated the government’s goal of reaching a surplus within the next three years.

Reserve Bank Maintains 2.5% OCR

Due to the country’s positive economic performance and acceptable levels of inflation, the Official Cash Rate in New Zealand will not be changed this month.

May 8, 20090

Taxation System Consultancy Group Set Up

Categories: New Zealand Taxation

An assistance group for the Government has been set up, with the aim of advising the government on the taxation system decisions and planning. It was announced by Finance Minister Bill English and Revenue Minister Peter Dunne that the “Tax Working Group” has been established and will assist the Government with policy decision changes. While the newly formed group will not have direct input into the decision making process for the Government, it will still be influential in its actions. Primarily the group ... Read More

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