New ACC legislation: fairer, transparent, more stable levies

Press Release – New Zealand Government

ACC Minister Nikki Kaye says the passing today of the Accident Compensation (Financial Responsibility and Transparency) Amendment Bill will deliver greater transparency around levy-setting, and help ensure that levies are more stable over time and fairer, … Read more »

Law Society identifies problems with “bright-line test”

Press Release – New Zealand Law Society

The New Zealand Law Society is concerned that the proposed two-year bright-line test for sales of residential property will unfairly catch ordinary taxpayers who need to sell property within two years of purchase because of changes in their … Read more »

ACC funding transparency supported

Press Release – Business New Zealand

BusinessNZ says the removal of ACC residual levies will be a welcome step towards a more transparent ACC. Read more »

Feedback sought on GST rule fixes

Press Release – New Zealand Government

Revenue Minister Todd McClay has welcomed the release today of an issues paper that provides options to improve the way certain GST-related rules operate in practice. Read more »

Bill Stops Automatic Eligibility to NZ Super

Press Release – New Zealand First Party

With New Zealands population ageing as revealed in recent population statistics, its time to review residence eligibility to NZ Super without altering age eligibility and universality, and without means testing, says New Zealand First. Read more »

Hawkes Bay result a victory for local democracy

Press Release – No More Rates

With the rejection of amalgamations in Wellington and Northland, and now Hawkes Bay, it is now clear that New Zealand has had enough of SuperCity style local government. Read more »

Climate uncertainty hurting business – Treasury

Press Release – Green Party

The Treasury has told Finance Minister Bill English that the current regulatory uncertainty around climate is hurting business, the Green Party said today. Read more »

Local Authority Statistics: June 2015 quarter

Press Release – Statistics New Zealand

This release provides the latest data on the performance of core non-trading activities of local authorities. See Local Authority Statistics: June 2015 quarter tables on our website. From this release onwards, we will only publish tables for these … Read more »

Paper addresses loss grouping tax issues

Press Release – New Zealand Government

Revenue Minister Todd McClay says that a consultation paper released today focusing on the question of loss grouping and imputation credits could remove obstacles to business growth and provide greater investment opportunities for mum and dad investors. Read more »

Ratepayers Don’t Need a Len Brown ‘Ministry of Information’

Press Release – Auckland Ratepayers’ Alliance

The Auckland Ratepayers Alliance is shocked that Auckland Council is set to announce a new mobile app and online news service the cost of which is unknown. Jo Holmes, a spokesperson for the Ratepayers Alliance , says: Read more »

Wellington’s “congestion issues” detracts from real problems

Press Release – Property Council Of New Zealand

Property Council believes calls to implement a congestion or road toll charges for Wellingtons CBD are a knee-jerk reaction. Read more »

RESEND: IRD not resourced to fix demerger tax

Article – BusinessDesk

RESEND: Government tells investors IRD has no resources to fix unfair tax on demerger shares Read more »

IRD doesn’t have funds to fix unfair demerged shares tax

Article – BusinessDesk

NZ government tells investors IRD has no resources to fix unfair tax on demerger shares Read more »

Property rules strengthened by Taxation Bill

Press Release – New Zealand Government

Revenue Minister Todd McClay and Land Information Minister Louise Upston say people buying and selling property for profit will now be unable to avoid paying their fair share of tax. Read more »

Report on DHB’s Charging Millions for Patients to Park

Press Release – New Zealand Taxpayers’ Union

Research by the New Zealand Taxpayers Union reveals that District Health Boards have raked in more than $44 million in parking charges at New Zealands public hospitals in the last three years alone. Information compiled from Official Information … Read more »

City Council Lights Out… And Nobody’s Home

Press Release – New Zealand Taxpayers’ Union

The Taxpayers Union is questioning the procurement practices of Invercargill City Council which has flown three council staff to China for six days to purchase new Christmas lights for the city. Taxpayers Union Executive Director, Jordan Williams, … Read more »

Auckland chief economist needs to sound his OCR warning

Press Release – Auckland Councillor Cameron Brewer

While many are egging on the Reserve Bank to cut the Official Cash Rate this week and again in late October, Auckland Councils chief economist needs to make his warning for the Auckland region much better known and quickly, says Cameron Brewer … Read more »

Government to review tax rules on closely held companies

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The government is moving to tighten and simplify tax rules for closely held companies of five or fewer shareholders, one of most common vehicles used in New Zealand, and to simplify rules for non-corporate shareholders to receive … Read more »

Closely held companies tax rules examined

Press Release – New Zealand Government

Revenue Minister Todd McClay says a paper released today for public feedback aims to make the current tax rules for closely held companies more workable. Read more »

Kia Calls Foul on ACC Levy System, Offers Customers Rebate

Press Release – Kia Motors

Kia Motors New Zealand today announces its disagreement with current ACC levy system as well as a rebate for Kia Sportage customers affected by ACC classification errors. Read more »

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