Prime Minister Jacinda Ardern has issued a stark warning ahead of the May 17 Budget, saying the Government had discovered the budget situations in Health and Education were much worse than she expected when in Opposition.
In today's email we discussed what has happened overnight, and over the weekend.
Newsroom technology columnist Richard MacManus looks behind the IRD's guidance on cryptocurrencies. He finds confirmation that trading profits can be taxed, but vagueness remains on ICOs, utility tokens and whether to pay GST.
Inland Revenue revealed today that its advice to Government on the “bright-line Test,” New Zealand’s watered-down capital gains tax, was it should only apply to properties sold within two years of being purchased, not five years which the Labour party promised to implement during the election.
The new Government wants New Zealand to become a world leader in targeting 'wellbeing' with its Budgets, starting in 2019. Thomas Coughlan explains what that might mean.
New Zealanders increasingly think we're moving to a cashless society. So why has the amount of cash held in New Zealand more than trebled in the last 20 years? Lynn Grieveson looks at whether criminals, tradies or abusers of migrants are responsible.
Bernard Hickey looks through the terms of reference for the new Tax Working Group and sees the potential for a tax switch where a new land tax helps pay for tax breaks for pensions.
The Government’s new tax working group chaired by former Finance Minister Sir Michael Cullen is not an attempt to “grab revenue”, Finance Minister Grant Robertson says.
In today's email we look into Labour's fiscal plan.
Labour has promised to collect an extra $200 million a year in tax from multinationals and has threatened to introduce a British and Australian-style diverted profits tax if companies such as Google, Facebook and Apple don't increase their tax payments here.