Compliance with the two year bright-line test could be as low as 66 percent - and getting worse - according to documents released by the IRD, Thomas Coughlan reports.
Public debt is back in the spotlight with Opposition accusations of a 'toilet tax'. Thomas Coughlan finds something's off within the debate over off balance sheet borrowing.
A coalition commitment to introduce a royalty on bottled water exports appears to have stalled, with the Government still trying to find a workaround that won’t breach its free trade deals. Sam Sachdeva reports.
The OECD has endorsed New Zealand’s crackdown on multi-national tax evasion, despite significant criticism from local businesses that it departs from OECD standards, Thomas Coughlan reports.
Tax hikes imposed or announced under the Labour Government have hurt the poorest the most, and it is planning more regressive taxes in the years to come, Thomas Coughlan reports.
The government says political considerations about New Zealand's relationship with China aren't the reason why it chose not to tax Chinese steel imports, as local steel producer New Zealand Steel attempts to have that decision overturned in the High Court.
Treasury reported the Government's surplus was $910 million better than expected in the nine months to March 2018, largely because solid economic growth drove higher corporate tax receipts, higher income taxes and higher GST receipts. Treasury said tax revenues were $1.1 billion better than it forecast in December and this was expected to hold for the rest of the financial year.
Online retailers will soon have to collect GST for sales to New Zealanders, but a sizeable chunk of them are expected to opt out, Thomas Coughlan reports
Finance Minister Grant Robertson said this morning that the Government had found an extra $1.4 billion over the next four years from cost savings and extra tax revenues to help it fund its plans.
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.