Petrol tax should be invested in public transport

Press Release – Green Party

The Green Party is urging the Government to invest revenue, raised by their increase in petrol tax, on public transport in light of evidence that car traffic volumes are decreasing. Read more »

Tax Evasion results in community service

Press Release – Inland Revenue Department

A Hamilton man has been sentenced to 280 hours community service after admitting a charge of tax evasion. Read more »

The Bogus Surplus – Massaging the Figures

Press Release – New Zealand Labour Party

The 2014/15 surplus is not wafer thin, it comes from massaging from the numbers, rather than growth, Labours Revenue and Associate Finance Spokesperson David Cunliffe said. Read more »

‘Budget 2013: Delivering progress and optimism’

Speech – New Zealand Government

There has been a lot of talk since Budget 2013 was handed down yesterday about the new initiative where seriously defaulting student loan borrowers will be stopped at the border. Read more »

2013 Budget Tool – Introducing the Tax Tracker Web App

Press Release – Maxim Institute

Did you know that your tax pays more towards subsidising tertiary education than for the Police and foreign aid combined? Read more »

Budget 2013 – functional, not flashy

Press Release – Chapman Tripp

Finance Minister Bill English’s approach to Budget 2013 was “to spend well, not to spend up”. Flashy, no. Functional, yes. If last year’s budget had an edgy feel as the Government tried (successfully) to keep the ratings agencies at bay, this year’s … Read more »

Budget missed an opportunity – Booksellers NZ

Press Release – Booksellers NZ

Booksellers NZ is disappointed the Government did not make a budget statement of intent to clean up the $400 million loophole in the collection of GST. Read more »

Govt sticks to its guns on tax, focuses on expenditure

Press Release – Institute of Chartered Accountants

New Zealand Institute of Chartered Accountants (NZICA) General Manager Tax Peter Vial ACA says: The lack of major tax reform in todays Budget is not a surprise as the Governments focus is on constraining spending increases and rebuilding … Read more »

Tax change for multinationals

Press Release – PwC

The Government confirmed today in the Budget it will push ahead with changes to the thin capitalisation rules that invest in New Zealand. Read more »

Blackhole expenditure relief

Press Release – PwC

In the Budget today, the Government announced its intention to provide tax deductions for six types of expenditure that previously fell in a tax blackhole – that is the costs were not deducible upfront or depreciable over time. Read more »

A fiscally expected Budget, yet with some nice surprises

Press Release – PricewaterhouseCoopers

Minister of Finance of Bill English’s fifth budget reconfirmed the Government’s track to a surplus of $75m in 2015. Read more »

Bill English: Full Budget Speech 2013

Speech – New Zealand Government

I move that the Appropriation (2013/14 Estimates) Bill be now read a second time. Read more »

Budget provides tax relief to certain R&D expenditure

Press Release – Deloitte

The Budget includes an announcement that small, innovative businesses will be able to cash up tax losses on R&D up to a certain limit, says Deloitte CEO Thomas Pippos. Read more »

Budget provides relief to certain ‘black hole’ expenditure

Press Release – Deloitte

It is refreshing to see the Government move to deal with a number of categories of much-maligned black hole expenditure, says Deloitte CEO Thomas Pippos. Read more »

Property investment focus to return $45m a year

Press Release – New Zealand Government

Hon Peter Dunne Minister of Revenue 16 May 2013 Property investment focus to return $45m a year Read more »

Budget tax relief for ‘black hole’ expenditure

Press Release – New Zealand Government

Budget 2013 will provide relief for six areas of black hole business expenditure, bringing in tax deductibility on items where it previously has not applied, Revenue Minister Peter Dunne says. Read more »

R&D tax-break proposal to boost start-ups

Press Release – New Zealand Government

Small, innovative businesses are set to benefit from proposed changes that will allow them to claim tax losses on research and development, Revenue Minister Peter Dunne says. Read more »

Multinational investors – paying fair share of tax

Press Release – New Zealand Government

Hon Peter Dunne Minister of Revenue 16 May 2013 Multinational investors paying fair share of tax Changes to the thin capitalisation rules will help ensure multinational companies investing in New Zealand pay their fair share of tax, Revenue Minister … Read more »

Govt to minimise FATCA business costs

Press Release – New Zealand Government

The Government is aware of financial institutions compliance concerns about the FATCA tax information exchange agreement being negotiated with the United States and is looking at options to help alleviate some of these concerns, Revenue Minister … Read more »

Dunne: Govt to minimise FATCA business costs

Press Release – New Zealand Government

The Government is aware of financial institutions compliance concerns about the FATCA tax information exchange agreement being negotiated with the United States and is looking at options to help alleviate some of these concerns, Revenue Minister … Read more »

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