The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes [...]

The New Zealand personal-tax system lacks integrity and is unfair for many New Zealand families, and the upcoming budget promises to address the issue, said Bill English, New Zealand Minister of Finance. Confirming the Tax Working Group’s analysis of the New Zealand tax system, Bill English delivered a speech on March 23rd calling the taxes burden faced by an average working family “unfair and inequitable.” According to the Minister the root of the problem resides in the current definition of income and ... Read More

Putting an end to months of waiting, Prime Minister John Key made his first statement to the Parliament, on February 9th, outlining the Government’s intentions for the tax system, economic growth, along with making the long awaited response to the Tax Working Group Report. With the countries recent focus on the tax system and possible [...]

Putting an end to months of waiting, Prime Minister John Key made his first statement to the Parliament, on February 9th, outlining the Government’s intentions for the tax system, economic growth, along with making the long awaited response to the Tax Working Group Report. With the countries recent focus on the tax system and possible reforms, John Key initiated his speech by disclosing the Government’s plans for the taxation landscape. He indicated that investigations are currently being held around the feasibility of ... Read More

The Human Rights Review Tribunal has ruled that the In-Work Tax Credit does not breach the Bill of Rights or Human Rights Acts. On the 3rd of June, 2008 a trial headed by the Child Poverty Action Group (CPAG) against the Crown sought to find whether the In-Work Tax Credit aspect of the Government’s Working-for-Families [...]

The Human Rights Review Tribunal has ruled that the In-Work Tax Credit does not breach the Bill of Rights or Human Rights Acts. On the 3rd of June, 2008 a trial headed by the Child Poverty Action Group (CPAG) against the Crown sought to find whether the In-Work Tax Credit aspect of the Government’s Working-for-Families package broke human rights. The crux of the argument lay on the fact that to receive the $60 tax credit, a sole parent was required to be in ... Read More

From the 1st of October, individual tax level faced by New Zealanders will be lowered. This is the first of the three tax cuts put forward by Finance Minister Michael Cullen. The effect of this will be most felt with those in the $38,001 – 40,000 taxable income bracket, with a drop from a tax [...]

From the 1st of October, individual tax level faced by New Zealanders will be lowered. This is the first of the three tax cuts put forward by Finance Minister Michael Cullen. The effect of this will be most felt with those in the $38,001 - 40,000 taxable income bracket, with a drop from a tax rate of 33% to 21%. Earners in the $14,001 - 38,000 bracket will see no change, while $9,501 - 14,000 will see a drop of 8.5% to a ... Read More