Canterbury tax relief and GST loophole closed in changes to tax legislation

Revenue Minister Stuart Nash has confirmed Parliament will extend tax relief for Canterbury businesses affected by issues relating to depreciation following the earthquakes.

Package of options needed for local tourism infrastructure - LGNZ

LGNZ President Dave Cull has at this morning’s Quarterly Media Briefing congratulated the government on recognising that tourists should contribute to the costs of the infrastructure they use, however LGNZ says the proposed border levy is only part of the solution.

Easy fix for avalanche of wage claims - Social Credit

By Chris Leitch

The government could head off the avalanche of wage claims that is coming at them like a runaway freight train by scrapping GST and replacing it with a transactions tax.

New Augusta property trust has Xero as it's main tenant

Augusta Funds Management’s latest offering will enable smaller investors to share in the ownership of a brand new premium grade Auckland commercial property which has fast growing accounting software company Xero as its anchor tenant.

AIM's early adopters experience simpler provisional tax

More than 1,100 customers have opted for more certainty around their provisional tax obligations by signing up for the new Accounting Income Method (AIM).

"AIM is a cash-flow game changer," says Inland Revenue Customer Segment Leader Richard Owen.

Treasury release Government financial statements

The Financial Statements of the Government of New Zealand for the eleven months ended 31 May 2018 were released by the Treasury today. The statements are compared against forecasts based on the 2018 Budget Economic and Fiscal Update (BEFU 18) published on 17 May 2018.

Vehicle scrappage programme suggested to ease burden of record fuel prices

Inequities caused by the new regional fuel levy will see some of the heaviest commercial road users avoid additional costs; while others who don't operate a vehicle at all will be paying even more towards roading projects, according to an industry expert.

Tourism businesses support a border tax - with conditions

A majority of tourism businesses are prepared to support a new border tax on international visitors, as long as it is spent where there is the greatest need, says Tourism Industry Aotearoa.

'Act Now and Age Later' says white paper on ageing workforce - EMA

An ageing population, a declining birth rate and a deepening skills shortage means a perfect storm is brewing on how New Zealand manages its ageing workforce.

CPAG welcomes Working for Families increases on July 1

Child Poverty Action Group (CPAG) welcomes the long overdue increases to Working for Families (WFF) rates coming in this Sunday. But after six years of no adjustment for average wage and cost increases, the changes signify little more than an overdue catch-up.