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Tax Cut Cancellation Law Passed By Parliament

Tax Cut Cancellation Law Passed By Parliament
Wellington, May 29 NZPA - Legislation to scrap tax cuts has been passed in Parliament.

Key Says Tax Ads Were Cheap Compared With Labour's

Key Says Tax Ads Were Cheap Compared With Labour's
Labour has attacked the Government for advertising the $10-a-week independent earner tax credit which starts tomorrow but Prime Minister John Key says it was cheap compared with Labour's taxpayer-funded messages while it was in power.

Future Of Tax Cuts In May Budget: English

Future Of Tax Cuts In May Budget: English
Taxpayers will get an indication in the May 28 budget on whether the scheduled 2010 and 2011 tax cuts will go ahead, Finance Minister Bill English said today.

Tax Cuts Will Deliver "Shot In The Arm" For Economy - Ministers

Tax Cuts Will Deliver "Shot In The Arm" For Economy - Ministers
Tax cuts that come in on Wednesday will deliver a billion dollar a year boost to the economy while changes to the business tax regime will help companies get through the recession, ministers said today.

Bill To Help Small Businesses Completes Next Stage

A bill aimed at making life easier for small and medium sized businesses has been reported back to Parliament. The Taxation (Business Tax Measures) Bill is part of the Government's response to the recession and its provisions come into force on April 1.

Labour Offers Support If Tax Cuts Deferred

Labour leader Phil Goff has offered his party's support to the Government should it change its stance on tax cuts.

Key Not Guaranteeing Ongoing Tax Cuts

Key Not Guaranteeing Ongoing Tax Cuts
Prime Minister John Key "believes" tax cuts for 2010-11 and will go ahead, but he stopped short of guaranteeing them today.

Govt Defends Recession Package

The Government's attempts to bolster the New Zealand economy against recession have been defended by Prime Minister John Key as balanced and effective.

Govt's Recession Package Meets With Warm Response

The latest steps to insulate the economy against the chill of economic recession has been met with a warm, but muted response. Prime Minister John Key today outlined a "Jobs and Growth Plan" intended to make life easier for small to medium sized businesses.

Tax Changes Worth $480m To Help Businesses

Tax Changes Worth $480m To Help Businesses
Tax changes worth $480 million over four years targeted at small and medium business were announced this morning. The 11 tax changes were part of a package aimed at promoting growth and jobs as the Government reacts to an international finance crisis and recession at home.

The Tax Changes - In Depth

The Tax Changes - In Depth
The first pieces of the Government's Jobs and Growth Plan were announced this morning. They included tax changes worth $480 million over four years targeted at small and medium business.

Business Tax Relief To Be Unveiled Tomorrow

Hundreds of millions of dollars in tax relief for businesses to help them through the recession will be unveiled tomorrow by Prime Minister John Key. Mr Key will outline policies aimed at helping out small and medium sized enterprises.

Key Cagey Over Cost Of Business Tax Relief

Prime Minister John Key said tax changes to help business will cost hundreds of millions of dollars. Parliament will sit under urgency so the tax changes -- to be announced tomorrow -- can come into effect by April 1.

Parliament To Sit Under Urgency To Pass Business Tax Relief

Parliament To Sit Under Urgency To Pass Business Tax Relief
Parliament will sit under urgency next week to pass laws giving tax relief to business, Prime Minister John Key said today.

SME's To Get Help From Govt

SME's To Get Help From Govt
Prime Minister John Key is to make a speech on Wednesday outlining measures to help small and medium businesses. He told Breakfast on TV One this morning there would be a range of initiatives aimed at taking pressure off the sector which employs 95 percent of New Zealand workers.

Tax Agent Escapes Jail In $45,000 Ird Fraud Case

Tax Agent Escapes Jail In $45,000 Ird Fraud Case
Whakatane, Jan 14 NZPA - A former Whakatane tax agent who defrauded $45,000 from Inland Revenue narrowly escaped a prison sentence when she appeared in Whakatane District Court today.

Rules For Troubled Companies Facing Tax Bills To Change

Rules For Troubled Companies Facing Tax Bills To Change
The Government is going to fix a law to prevent already troubled finance companies being hit with an immediate one-off tax bill.

Govt Passes Tax And Kiwisaver Legislation

The National-led Government has passed its first major legislation -- enshrining tax cuts and KiwiSaver changes into law. The Taxation (Urgent Measures and Annual Rates) Bill passed its third reading this morning by 68 votes to 52.

Parliament Close To Passing Tax Cuts Bill

Parliament is close to passing the Government's tax cuts legislation, with the Labour Party fighting the bill to the last minute.

Labour Claims Tax Cuts Would Hit Low Income Earners

Labour said last night it had forced the Government to admit low income workers would be worse off under its tax cuts than they would have been if the previous government's long-range package had been left alone.

Govt's Tax Bill Prompts Strong Debate

The Government brought a bill to Parliament last night to enact its tax cuts programme and it provoked the first serious conflict with Labour since the election.

Key Won't Call On Nzers To Spend For Country's Sake

Prime Minister John Key is not going to copy his Australian counterpart and urge people to start spending windfalls to save the economy.

Cabinet Approves Double Tax Agreement With US

Cabinet Approves Double Tax Agreement With US
Cabinet has approved a double tax agreement with the United States, Prime Minister John Key said today. He said the protocol would reduce withholding tax on interest, dividends and royalties between the two countries.

Parker Critical Of Delay In Emissions Scheme

Parker Critical Of Delay In Emissions Scheme
Labour is accusing National of turning away job-rich investments by dithering over the Emissions Trading Scheme (ETS).

Key Open To Carbon Tax Option

Prime Minister-elect John Key today indicated National was willing to consider supporting a carbon tax.

War Of Words Rages Over National's Tax Cuts

War Of Words Rages Over National's Tax Cuts
The Government is waging a war of words and figures as it pulls apart National's tax cuts.

Kiwisavers' Bank Balances Worse Under Nats - Cullen

The overall bank balances of anyone in KiwiSaver will be worse off under National's economic and tax plan than under Labour's policy, Labour's finance spokesman Dr Cullen said today.

Leaders Clash Over Tax Cuts

Prime Minister Helen Clark and National leader John Key today traded blows over his party's tax package as each sought to sell their economic credentials to voters.

Clark And Key Head-to-head On Tax Cuts

Is it "a dog of a package" or a cautious, responsible programme to help New Zealand through difficult times? Prime Minister Helen Clark and National's leader John Key couldn't be further apart if they tried.

National Gives With One Hand And Takes With The Other

National has unveiled an economic and tax package that gives with one hand and takes with the other. Party leader John Key revealed a slightly pared down tax cut package that puts more in people's pocket's next April, but offers less than planned.

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