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Tax

Last chance for SMEs to support provisional tax changes

Businesses are being encouraged to support proposed changes to the provisional taxation system before the initial consultation period closes on Monday.

Latest measure to help combat BEPS welcomed

Revenue Minister Michael Woodhouse says the recent signing of the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports will help ensure large multinationals pay their fair share of tax by providing for increased sharing of information between revenue authoritie

'National should stop pretending it stands for lower taxes'

The Taxpayers’ Union is fuming that Finance Minister Bill English has ruled out tax cuts as part of this month’s Budget, and has suggested to a business audience in Wellington that the oft-flaunted reductions in tax may be some years off.

Taking tax cuts off the table the right move - Greens

Taking more tax cuts off the table was the right move for Bill English to make in his pre-Budget speech today, the Green Party said.

Govt must broaden inquiry into tax avoidance - Greens

The Government must urgently broaden its limited review of foreign trusts in light of new revelations of the extent of New Zealand’s involvement in the global tax avoidance industry, the Green Party said today.

Government should stop defending tax evasion - Greens

The Prime Minster today should have come out and promised he’d throw everything he’s got at cleaning up foreign trusts, and stamping out the tax avoidance industry, the Green Party said today.

Tax Bill to improve, strengthen tax rules - Woodhouse

A wide-ranging tax Bill introduced today proposes technical changes to improve, strengthen and update our tax rules so they continue to work well for taxpayers, says Revenue Minister Michael Woodhouse.

TMNZ happy with govt's revamp of business tax

The chief executive of New Zealand’s largest tax pooling intermediary, Tax Management NZ (TMNZ), has applauded the New Zealand Government for its decision to be more lenient on how it will apply interest on provisional tax in the future.

Foreign trusts review a charade - Little

A review into offshore trusts must involve more than one tax advisor behind closed doors if it is to have any credibility or salvage New Zealand’s international reputation, Opposition Leader Andrew Little says.

NZ's role in tax avoidance 'shameful', says academic

A Massey University taxation specialist says the loopholes in New Zealand’s trust law, highlighted by the so-called ‘Panama Papers’, makes this country "complicit in schemes to avoid tax".

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