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Viewing entries tagged with 'Tax'

Workplace Savings NZ Submission on the Taxation Bill

10 February 2010

Workplace Savings NZ has today submitted the following response to the Finance & Expenditure Select Committee on the Taxation (Annual Rates, TransTasman Savings Portability, KiwiSaver, and Remedial Matters) Bill.  Click to read more.

PM signals tax reform changes

9 February 2010

In his Statement at the opening of Parliament today, Prime Minister John Key said measures to reform the tax system would be introduced as part of the Budget in May. Any changes would be based on "equity and fairness". Mr Key has signalled changes to the way property is taxed, changes to personal income tax rates and says further work will be done on whether the rate of GST should be increased. He also said the Government had ruled out developing any proposals for a land tax, a general capital gains tax or a risk-free return method for taxing residential investment properties.

Overhaul of tax system possible - English

3 February 2010

The budget will be delivered on May 20 but New Zealanders may get a better idea about the Government's plans for the tax system next week, Finance Minister Bill English said yesterday. 

Tax reform set to be radical but 'fairer'

20 January 2010

Property investors face higher taxes and company taxes could fall as the Government considers radical options for reform. A tax working group, led by Victoria University professor Bob Buckle, will today issue its 70-page report outlining options for change.

Tax Act receives Royal assent

6 October 2009

Legislation introduced in the Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has been enacted. The bill, introduced in July 2008, passed its final stages in Parliament last month and received Royal assent today.

The 2008 Tax Bill

18 September 2009

The Taxation (International Taxation, Life Insurance, and Remedial Matters) Bill has passed its final stages in Parliament.

Govt to align investment and income tax rates

7 July 2009

The Government is proposing to introduce legislation to align resident withholding tax (RWT) rates on interest and portfolio investment entities (PIE) tax rates with recent changes to personal income tax rates and the 30% company tax rate, Revenue Minister Peter Dunne announced today.

New Australia-NZ double tax agreement signed

29 June 2009

The introduction of a new double tax agreement between Australia and New Zealand took a major step forward with the signing today of an agreement that, once in force, will replace the existing 1995 double tax agreement.

Dunne: many investing in overseas companies better off under FDR rules

1 April 2009

Recent media reports have revealed confusion about how individual investors in overseas companies are taxed under the new fair dividend rate (FDR) rules that came into force in 2007, Revenue Minister Peter Dunne said today.

Scrooge on KiwiSaver, Santa on tax

10 December 2008

Promised tax cuts are on the way as the Government pushes them through Parliament under urgency but Prime Minister John Key is under fire for being a Christmas grinch as KiwiSaver and workplace law changes bite.