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Tax

Gift tax ends for the rich and starts for the poor

Gift tax ends for the rich and starts for the poor
Child Poverty Action Group says the definition of 'family scheme income', which came into force on 1st April goes too far.

Tax on speculation could be blocked under TPPA

Tax on speculation could be blocked under TPPA
Tax Justice supports the NZ Not For Sale campaign, which is opposing the National-led government's behind-the-scenes negotiation of the Trans-Pacific Partnership Agreement (TPPA).

Discussion on capital gains tax would make housing affordability inquiry more productive

Discussion on capital gains tax would make housing affordability inquiry more productive
Political parties need to bite the bullet on capital gains taxes, the National Distribution Union said today, as the new Productivity Commission gears up to review housing affordability.

Reverse tax cuts for millionaires and leave our public services alone

Reverse tax cuts for millionaires and leave our public services alone
The Maritime Union of New Zealand says New Zealand workers have to get ready for a serious and long term battle to defend public services.

Children forgotten in earthquake tax relief measures

Children forgotten in earthquake tax relief measures
In announcing further tax relief measures for Christchurch residents and businesses, Mr Dunne talks about "common sense, flexibility and pragmatism." Child Poverty Action Group calls on him to amend his policies so the same principles work to maintain the necessary support of children.

Regional fuel tax is a highway to hell - Gull

Regional fuel tax is a highway to hell - Gull
Independent fuel retailer Gull New Zealand today slammed plans by the Auckland Council to levy a regional fuel tax which it says is one of the options to fund further investment in Public Transport but in reality is a "Highway to Hell."

Euro MPs vote for Financial Transaction Tax

Euro MPs vote for Financial Transaction Tax
"The massive vote in support of a Financial Transaction Tax by MPs in the European Parliament is good news for the campaign in New Zealand," says Vaughan Gunson, Tax Justice campaign coordinator.

Tax the speculators to help rebuild Christchurch

Tax the speculators to help rebuild Christchurch
"Now more than ever New Zealand needs Tax Justice," says Vaughan Gunson, Tax Justice campaign coordinator.

Six month core Crown tax revenue 0.7 pct above forecast

Six month core Crown tax revenue 0.7 pct above forecast
Core Crown tax revenue was 0.7 percent above forecast at $25 billion in the six months to December, Treasury says.

Top tax rate to remain below Australia's -- Labour MP

Top tax rate to remain below Australia's -- Labour MP
A Labour MP has told a Grey Power meeting that the top personal income tax rate will remain below Australia's under a Labour government. Party leader Phil Goff has said the top rate would increase under Labour to help pay for its proposed tax freeze on the first $5000 of income.

$1.2 million 'honest mistake' to go to court

$1.2 million 'honest mistake' to go to court
A Levin church is being taken to court by Inland Revenue which is chasing a $1.2 million tax bill -- something the church says is an honest mistake.

Most people haven't noticed tax cut, survey shows

Most people haven't noticed tax cut, survey shows
A survey of 1000 voters has shown 70 percent of them haven't noticed any benefit from the October tax cuts, which Prime Minister John Key is finding difficult to understand. The TV3 poll asked voters: Have you noticed your tax cut and what are you doing with it?

Govt tactics an abuse of Parliament, opposition MPs say

Govt tactics an abuse of Parliament, opposition MPs say
Opposition MPs complained tonight that parliamentary process was being abused when the Government inserted a new, 70-page section into a tax bill.

Tax help offered after mine tragedy

Tax help offered after mine tragedy
Wellington, Dec 10 NZPA - Inland Revenue is offering respite for people and businesses having difficulties meeting their tax obligations following the Pike River Coal mine tragedy.

Tax law changes will increase fairness, ministers say

Tax law changes will increase fairness, ministers say
Wellington, Dec 7 NZPA - Changes are going to be made to tax laws so people can't structure their incomes and inflate their entitlements, the Government says.

Govt signs double tax agreement with Hong Kong

Govt signs double tax agreement with Hong Kong
Wellington, Dec 1 NZPA - New Zealand and Hong Kong have concluded a double tax agreement, the Government said today. Finance Minister Bill English and Hong Kong's Financial Secretary John Tsang signed the agreement in Auckland.

Use-of-money interest rates to change

Use-of-money interest rates to change
Wellington, Nov 23 NZPA - Use-of-money interest rates on underpaid and overpaid tax are to change, Revenue Minister Peter Dunne announced today.

Poor people focus on survival, not voting - Labour

Poor people focus on survival, not voting - Labour
Wellington, Nov 22 NZPA - Labour has seized on a poll showing most people feel they are worse off after tax changes as evidence that low-income voters have more pressing problems than voting in a by-election.

Majority feel worse off after tax changes

Majority feel worse off after tax changes
Wellington, Nov 21 NZPA - More people are unhappy with tax changes than are pleased, a new poll shows. On October 1, the Government increased GST from 12.5 percent to 15 percent, increased benefits and reduced personal income tax rates.

Tax credit for low income families to increase by $1k

Tax credit for low income families to increase by $1k
Wellington, Nov 16 NZPA - The minimum family tax credit for poorer families will be increased from next April to make up for the GST increase and inflation.

Dunne mortified over for Coleman speech mix-up

Dunne mortified over for Coleman speech mix-up
Wellington, Nov 10 NZPA - Revenue Minister Peter Dunne has accepted blame for an embarrassing mix-up which led to Broadcasting and Immigration Minister Jonathan Coleman delivering a two-year-old speech in Parliament last night.

Wrong speech, minister

Wrong speech, minister
By Peter Wilson of NZPA Wellington, Nov 9 NZPA - It is easy for MPs to become confused about tax legislation, and none more so than Jonathan Coleman.

NZ keen for review of British flight tax hikes

NZ keen for review of British flight tax hikes
Wellington, Nov 2 NPZA - A backlash against big spikes in departure tax for people travelling on long-haul flights from Britain has gone global, and the Government here hopes a review of the situation might lessen the impact.

New tax bill introduced

New tax bill introduced
Wellington, Oct 26 NZPA - A bill introduced to Parliament today will bring New Zealand's international tax rules into line with those of other countries, Revenue Minister Peter Dunne says.

WIll New Tax Rates Give You More money In Your Pocket?

WIll New Tax Rates Give You More money In Your Pocket?
You are no doubt aware that the personal income tax rates dropped on October 1st. The new rates are: $0 – $14,000 is now 10.5% down 2.5%$14,001 – $48,000 is now 17.5% down 4.5%$48,001 – $70,000 is now 30% down 3%Over $70,000 is now 33% down 5%

Winegrowers want retailers to pay alcohol excise

Winegrowers want retailers to pay alcohol excise
Wellington, Oct 7 NZPA - The nation's grapegrowers and winemakers are asking the Government to switch its $145 million collection of alcohol excise from wineries to retailers. "Excise is the major profitability issue on the domestic market," New Zealand Winegrowers said today.

Commerce Commission gets more than 30 GST complaints

Commerce Commission gets more than 30 GST complaints
By Paloma Migone of NZPA Wellington, Oct 4 NZPA - More than 30 complaints against businesses using the GST hike as an excuse to ramp up prices have been lodged with the Commerce Commission since the 2.5 percentage point increase kicked-in on Friday.

Public will now judge tax cut-GST merits

Public will now judge tax cut-GST merits
Wellington, Oct 1 NZPA - All the arguments about the pros and cons of tax cuts and GST rises have been had and now it will be up to households to decide whether they are better off or not. Today the Government's tax package kicked in and GST went up from 12.5 percent to 15 percent.

Union not celebrating tax reforms

Union not celebrating tax reforms
Wellington, Oct 1 NZPA - As some people count the extra dollars in their pay packets resulting from tax reforms starting today, a union has taken the opportunity to organise a rally at a retail chain against the reforms' GST component.

Tax reforms proportionately fair, says English

Tax reforms proportionately fair, says English
Wellington, Sept 30 NZPA - When tax reforms are fully implemented, all income groups will broadly receive about the same proportionate increase in disposable income, says Finance Minister Bill English.

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