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 »

Updated Budget 2013 app goes interactive

Press Release – New Zealand Government

The Government will launch an update of its Budget app for smartphones and tablets on Thursday with interactive features that allow users to see how much tax they pay and how their tax dollars are spent, Finance Minister Bill English says. Read more »

TRC confirms 1.5% rates increase

Press Release – Taranaki Regional Council

The Taranaki Regional Council has confirmed a 1.5% rates increase for the 2013/2014 financial year. Read more »

Luxury rest home rooms for whose mates?

Press Release – New Zealand Labour Party

A proposal that could see the government subsidising luxury retirement homes is just another example of National looking after its mates, Labours Aged Care spokesperson Kris Faafoi says. Read more »

Greens Reveal Major Imbalances In NZ Economy

Press Release – Green Party

An economic report commissioned by the Green Party shows that the National Governments stated objective of rebalancing the economy has failed and reveals major underlying vulnerabilities. Read more »

Inland Revenue welcomes sharing of tax haven information

Press Release – Inland Revenue Department

Inland Revenue has welcomed the decision by the tax authorities in the United Kingdom, United States and Australia to share data on those involved with international tax havens. Read more »

Budget centrepiece a sign of failure

Press Release – New Zealand Labour Party

Rampant Auckland house prices are a symptom of Nationals poor economic management, says Labours Finance spokesperson David Parker. Under National, rising inequality combined with out of date tax policy, and ineffective monetary policy have resulted … Read more »

Auckland residential rates explained

Press Release – Auckland Council

Auckland is in the second year of a three-year transition to a new single rating system, required by the government as part of the move to one council. A single rating system means properties in Auckland of equal value must pay equal rates, no matter … Read more »

Businesses getting extra cash in their pockets

Press Release – NZ Industrial Fuel Duty Agency

Excise duty tax is built into fuel costs to help with the upkeep of NZ roads therefore if businesses are using fuel for off road purposes they will be entitled to a fuel duty refund. Read more »

Issues paper on GST and bodies corporate released

Press Release – Inland Revenue Department

Inland Revenue is releasing an issues paper discussing the GST treatment of bodies corporate registered under the Unit Titles Act 1972 or the Unit Titles Act 2010. Chief Tax Counsel, Martin Smith, said that there has been some uncertainty about … Read more »

Budget For John’s Mates Not Your Mates

Press Release – New Zealand Labour Party

John Key is spending more time looking after vested interests than the interests of hard-working New Zealanders who arent able to get ahead under National, says Labour Leader David Shearer. Read more »

Tauranga’s low rates increase applauded

Press Release – Employers And Manufacturers Association

Tauranga Councils new financial strategy has allowed it to keep this years rates increase at a decades-low average of 0.66 per cent, said Employers and Manufacturers Associations (EMA) executive officer Peter Atkinson at the Councils Annual … Read more »

Government books show they can afford to do more for jobs

Press Release – New Zealand Council of Trade Unions

The last financial statements of the government before the Budget show it has room to do more on creating jobs and address New Zealands high unemployment rate, says CTU Economist Bill Rosenberg. Read more »

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