Local authorities’ operating deficit increases

Press Release – Statistics New Zealand

Local authorities operating deficit increased in the September 2014 quarter compared with the previous quarter, as expenditure continued to exceed income, Statistics New Zealand said today. Read more »

IRD/Police Proposals Breach Taxpayers’ Fundamental Rights

Press Release – New Zealand Taxpayers’ Union

The Taxpayers Union shares the New Zealand Law Societys concerns with proposed amendments to the Information-Sharing Agreement between Inland Revenue and the New Zealand Police which, according to the Society, limits taxpayers fundamental rights … Read more »

NZ government deficit exceeds forecast on Solid Energy

Article – BusinessDesk

Dec. 10 (BusinessDesk) – The New Zealand government’s operating deficit was wider than expected in pre-election forecasts as income tax lagged forecast and an indemnity for financially stricken coal miner Solid Energy weighed on the expense line. Read more »

Below forecast revenue highlights challenge

Press Release – New Zealand Government

Government revenue continues to grow more slowly than forecast in the Budget, again highlighting the challenge of returning to surplus this year, Finance Minister Bill English says. Read more »

Financial Statements of the Government: 31 October 2014

Press Release – New Zealand Treasury

The Financial Statements of the Government of New Zealand for the four months ended 31 October 2014 were released by the Treasury today. These statements are compared against forecasts based on the Budget Economic and Fiscal Update (BEFU 14) released … Read more »

Trickle Down Economics’ Doesn’t Exist

Press Release – New Zealand Taxpayers’ Union

The key message of the OECDs report on inequality, released today, is investment in education and is not a prescription for higher taxes, says the Taxpayers Union. Read more »

Max Rashbrooke: New Zealand performs poorly on inequality

Press Release – Bridget Williams Books

A major OECD report out today provides new evidence that growing income gaps damage economic growth – with New Zealand singled out as the country whose economy has suffered most. Read more »

Foreign Investors Rip the Welcome Mat From Kiwis

Press Release – New Zealand First Party

New Zealand cannot blame foreign residential investors for taking advantage of New Zealands lax investment rules, despite New Zealanders being either shunted out or finding it harder to buy property, says New Zealand First. Read more »

Time for Auckland Ratepayers to Have a Recall Option

Press Release – New Zealand Taxpayers’ Union

The Taxpayers’ Union is calling on the Government to give local communities the ability to petition for recall elections, after Len Brown’s latest snub to ratepayers has hit the headlines . The Herald on Sunday is reporting that Len Brown has had … Read more »

Mayor’s latest CRL plan will lead to huge rate increases

Press Release – No More Rates

Mayors latest CRL plan will lead to huge rate increases, early start means Government pays less Read more »

Auditor-General rightly kills off Mayor’s gung-ho attempt

Press Release – Auckland Council

Im pleased for Auckland ratepayers that the Audit Office has now stepped in and overridden the Mayor on his gung-ho attempt to push through the City Rail Link as soon as possible without the Government and without any funding certainty. Advancing … Read more »

KiwiSaver tax credits’ Bill has first reading

Press Release – New Zealand Government

Building and Housing Minister Dr Nick Smith and Revenue Minister Todd McClay today welcomed the next important step in the Governments HomeStart package for first home buyers with the first reading of the Taxation (KiwiSaver HomeStart and Remedial … Read more »

Inland Revenue – making tax simple

Press Release – New Zealand Government

Revenue Minister Todd McClay says Inland Revenue winning best Government website for the 8th time in the NetGuide Awards this week is a demonstration of the Governments commitment to make tax simple. The Inland Revenue website has more than 20 million … Read more »

PQ 9. Tax Fraud—Prevention

Press Release – Office of the Clerk

9. ALASTAIR SCOTT (NationalWairarapa) to the Minister of Revenue : What information has he received about the Governments action against tax fraud? Read more »

IRD doubles number of fraudsters caught

Press Release – New Zealand Government

Revenue Minister Todd McClay says Inland Revenue has doubled the number of people caught committing tax fraud in 2014, compared to the previous year. We have long signalled that we will not tolerate people trying to rip off the system. We have … Read more »

Plain English Tax Panel disestablished

Press Release – New Zealand Government

Plain English Tax Panel disestablished Revenue Minister Todd McClay has today announced that the Rewrite Advisory Panel of public and private sector tax experts has been disestablished. The Rewrite Advisory Panel comprised representatives from the New … Read more »

Investor group welcomes IRD targeting property speculators

Press Release – NZ Property Investors Federation

“It is good news that Inland Revenues strategy to track down property speculators who avoid tax is showing big dividends.” says NZ Property Investors Federation Executive Officer, Andrew King. Read more »

Overseas student loans collection hits $150m

Press Release – New Zealand Government

Overseas student loans collection hits $150m The Government initiative aimed at encouraging overseas student loan debtors to start repaying their loans has now netted $150 million in additional payments, and the pace of collection is picking up. Read more »

Chapman Tripp Announces Two New Partners

Press Release – Chapman Tripp

Chapman Tripp is pleased to announce the promotion of two new partners within its Corporate and Tax teams, effective 1 December. Rachel Dunne is a Corporate partner in Auckland and David Patterson is a Tax partner in Wellington. Read more »

Decisions on transport referendum, development contributions

Press Release – Auckland Council

Auckland Councils Governing Body today made a number of decisions related to the development of its 10-year budget, known as the Long-term Plan 2015-25. Key decisions included: Read more »

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