Business Scoop


Relief from secondary tax burden assists hard-working PSA

Press Release – PSA

The passage of a new law to relieve workers subject to what the government recognised as “unnecessary” secondary tax is going to make a meaningful difference to PSA members from 1 April – particularly members in low paid jobs. Read more »

House price growth sentiment positive despite CGT proposal

Press Release – Colliers International

Residential property price growth expectations remain broadly positive despite the Tax Working Groups proposal for a wide-ranging capital gains tax, new Colliers International research shows. Read more »

Government’s excuses over OIA inaction are astonishing

Press Release – New Zealand Taxpayers’ Union

Andrew Littles claim that reform of the Official Information Act may no longer be necessary thanks to the openness of his Government is astonishing, says the New Zealand Taxpayers Union . Read more »

Nash acting like Minister Against Small Business

Press Release – New Zealand National Party

Stuart Nash seems oblivious to the harm a Capital Gains Tax would cause small business owners, Nationals Small Business spokesperson Jacqui Dean says. Read more »

Commercial property investors positive despite possible CGT

Press Release – Colliers International

Commercial property investors remain positive about the market despite the potential impacts of a proposed capital gains tax, new Colliers International research shows. Read more »

An end to unnecessary secondary tax

Press Release – New Zealand Government

Workers who are paying too much tax because of incorrect secondary tax codes are in line for relief with the passage of legislation through Parliament late last night. Read more »

NZ First Applauds Changes to Remove Burden of Seconary Tax

Press Release – New Zealand First Party

New Zealand First has celebrated the introduction of legislation that will stop tax overpayments, through secondary tax. Read more »

Eric Watson Cullen Group ordered to pay IRD more than $112m

Article – BusinessDesk

March 12 (BusinessDesk) – Eric Watsons Cullen Group has been ordered to pay Inland Revenue $112 million plus penalties and costs after the group was found to have avoided paying tax for which it was liable. Read more »

High Court delivers decision on Cullen Group case

Press Release – Inland Revenue Department

Inland Revenue has won a High Court case against Eric Watsons Cullen Group over a nearly $52 million tax debt. Read more »

Govt won’t rule out taxing the family home

Press Release – New Zealand National Party

The Government is providing no certainty to home owners, despite claiming the family home would be exempt from a Capital Gains Tax, because it wont say whether a home-based business or flatmates would trigger the tax, Nationals Finance spokesperson Amy … Read more »

CGT valuations would pile on costs, benefit no-one

Press Release – New Zealand National Party

Valuing every single business, farm, rental property or family bach to comply with a Capital Gains Tax regime would impose billions of dollars of costs on New Zealanders while benefiting no-one apart from valuers, Leader of the Opposition Simon Bridges … Read more »

PM must release Cabinet Office advice on Jones issue

Press Release – New Zealand Taxpayers’ Union

The Prime Minister must release advice given by the Cabinet Office to Shane Jones regarding his conflict of interest, says the New Zealand Taxpayers Union . Read more »

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