Articles tagged tax

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.

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.

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.

Updated

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.