Tax can be confusing – it seems to have its own special language, and politicians have a habit of saying things quickly and authoritatively about it that might not make much sense. So let’s clear that up – and see how New Zealand stacks up. The biggest tax promise from a major party so far … Read more
New Zealand’s narrow tax base benefits the wealthy and punishes the poor, says taxation academic Jonathan Barrett – and neither major party seems to want to do anything about it. Ability to pay is the basic principle of tax fairness: people in a similar financial position should pay similar amounts of tax; people who can … Read more
Expected to be the most significant in a generation, Thursday’s budget will reveal how the government will offset the monstrous cost of Covid-19. Terry Baucher explores the likelihood of tax changes. As usual, the finance minister is not lacking for advice in the run-up to this week’s budget. It ought to be something of a … Read more
From the reemerging debate around capital gains tax to the increasing reach of tax authorities, Terry Baucher, writing for interest.co.nz, looks at a number of implications the coronavirus pandemic could have on the tax system. “There are decades when nothing happens and there are weeks when decades happen,” Lenin is said to have remarked, possibly … Read more
Good morning and welcome to The Bulletin. In today’s edition: Creative accounting around the ETS explored, Ardern goes to ground on Peters, and ACT criticised for keeping donation from extremist. Often when reporting on technical and thorny pieces of legislation, it helps to have a specialist reporter looking into it. Stuff’s Charlie Mitchell has come out with … Read more
Along with no CGT, the Labour government is left with other tax headaches like what to do about sugar consumption, the environment, and tax thresholds that haven’t changed in a decade, writes Terry Baucher. Perhaps the Tax Working Group was fatally compromised from the outset when the taxation of the family home was excluded from … Read more
‘A mangy dog’, ‘an assault on the Kiwi way of life’ and ‘yesterday’s cold porridge’: Business groups and opposition politicians are less than flattering about the proposed new tax. The business community is unsurprisingly less than impressed that the Tax Working Group (TWG) has recommended by a majority of eight to three that New Zealand … Read more
Budget 2018: If it walks like a duck and quacks like a duck, it’s probably a tax, says Grant Thornton’s Dan Lowe. Budget day is fast approaching and the predictions are coming thick and fast. Many will be watching with keen interest, not just because it’ll be Prime Minister Jacinda Ardern’s first budget since being … Read more