Category Archives: NZ Taxation

Kiwis Left in the Dark over Interest Deductibility Rules — The BFD

The new rules relating to mortgage interest deductibility, cunningly renamed the Interest Limitation Rules, are due to come into force on 1 October without a proper explanation of how they will even work in practice, National’s Shadow Treasurer Andrew Bayly says. “Over the past year the only information shared with New Zealanders about how the…

via Kiwis Left in the Dark over Interest Deductibility Rules — The BFD

Kiwis Should Be Frustrated with Labour’s Spending Priorities — The BFD

The projects Labour is choosing to spend hard earned taxpayer money on speaks volumes around its priorities, National’s Finance spokesperson Michael Woodhouse says. “Kiwis across the country dealing with potholes and unsafe roads, and Aucklanders sitting in deadlocked traffic, would’ve questioned the reasoning behind investing $785 million on a cycle bridge that will only benefit…

via Kiwis Should Be Frustrated with Labour’s Spending Priorities — The BFD

Labour’s Car Tax Another Tax Grab — The BFD

Transport Minister Michael Wood has reluctantly admitted that while he plans to halt his car subsidy if too much money is paid out, he has no similar measure to make sure his policy doesn’t turn into a tax grab, National’s Transport spokesperson Michael Woodhouse says. “How is it fair that under Labour’s Car Tax the…

via Labour’s Car Tax Another Tax Grab — The BFD

PM Admits There’s No Alternative to Utes — The BFD

David SeymourACT Leader Jacinda Ardern yesterday told Parliament she knows that farmers and tradies have no alternative to using utes, but she’ll tax them anyway. Last week Ardern questioned whether some people are using utes for “legitimate use.” Even if they are by her definition of “legitimate,” it doesn’t matter, she and Grant Robertson will tax…

via PM Admits There’s No Alternative to Utes — The BFD

Hey Jacinda is this a legitimate ute user? — Kiwiblog

Newshub reports: But Ardern confirmed she’s ruling out exemptions for utes. “We did discuss that because we recognised that there is a lag in the technology right now. But after discussing it, debating it and working it through, it was going to be very difficult to operationalise,” she said. “A large number of those buyers of those…

via Hey Jacinda is this a legitimate ute user? — Kiwiblog

NZ Gov waste and a dead turtle — Iowa Climate Science Education

Check out the amazing sequence of events at the New Zealand Taxpayers’ Union Inc Could this be another “failure of capitalism”. via Errors in IPCC climate science https://ift.tt/33qlE7B May 9, 2021 at 03:25AM

via NZ Gov waste and a dead turtle — Iowa Climate Science Education

Greens Call for Wealth Taxes — The BFD

Now that they are not an actual coalition partner in the new government, the Greens are using this opportunity to become unmuzzled. They have decided to go back to the idea of wealth taxes. Perhaps James Shaw is blowing his wealth tax horn because of his massive gaffe over the green school; whatever the reason,…

via Greens Call for Wealth Taxes — The BFD

Labour’s priority – put up taxes before Christmas! — Kiwiblog

Stuff reports: The Government’s income tax changes will be legislated before Christmas and come into force on April 1 next year.Labour campaigned on creating a new tax bracket for income earned over $180,000. The party proposed to tax income earned above $180,000 at 39 per cent. New Zealand is still in a recession and Labour’s priority…

via Labour’s priority – put up taxes before Christmas! — Kiwiblog

Guest Post: Solving Wellington City Council at a fraction of the cost without a facilitator — Kiwiblog

Faced with a divided and dysfunctional Wellington City Council, Mayor Andy Foster, who campaigned on his ability to bring councillors from across the political spectrum together, has shown the benefits of his recent $30,000 leadership course by decisively hiring an external facilitator to try to bring councillors from across the political spectrum together, all at…

via Guest Post: Solving Wellington City Council at a fraction of the cost without a facilitator — Kiwiblog

Bridges botches tax plan accouncement — Your NZ

Simon Bridges launched an economic plan today that was high on rhetoric but low on specifics. The lack of detail left a vacuum that has been quickly filled with a focus on a sloppy (at best) statement on average earnings tax rates. In his speech: National’s economic plan for 2020 We will announce our full […]

via Bridges botches tax plan accouncement — Your NZ

TAKE the NZ First Tobacco Tax Survey — The BFD

 

New Zealand First has invoked the ‘Agree to Disagree’ provisions of the Coalition Agreement because it cannot support the announced 11.46 percent increase in the tobacco excise from 1 January 2020. We believe it causes more crime, targets the poor, and simply isn’t effective at reducing numbers of people who smoke nzfirst.org.nz/survey_tobacco_tax Take the NZ…

via TAKE the NZ First Tobacco Tax Survey — The BFD

It Is NOT the Petrol Companies Doing the ‘Fleecing’ — The BFD

 

When the Government justifies its petrol taxes as essential for transport infrastructure it could be seen as a legitimate vindication for the horrendous gouging of the motorists’ wallets. After all, if we want good safe roads they come at a cost. At least that’s the line of BS we are expected to swallow. Of course,…

via It Is NOT the Petrol Companies Doing the ‘Fleecing’ — The BFD

The fleecer in chief — Kiwiblog

HDPA writes: And, since the PM told us we’re being fleeced, it’s added more tax with a 3.5 per cent increase in the petrol tax this year.So, it’s hard to believe, isn’t it?If we’re really being fleeced, then surely a government that really felt that would alleviate the pain and drop away some of that…

via The fleecer in chief — Kiwiblog

Ditching the CGT — The BFD | Media

Listening to the respective Party leaders’ reaction to the ditching of the Capital Gains Tax a while back was a depressing experience. Not one of them came close to showing real leadership. What they illustrated was that it was all about politics. Jacinda Ardern said she still believed in it but the country did not.…

via Ditching the CGT — The BFD | Media

More Bad News for Landords — WOBH | Media

 

If you thought compulsory insulation, compulsory kitchen and bathroom fans and compulsory fixed heaters were enough, you are going to be disappointed. More than a year ago, the government announced that rental losses were going to be ringfenced. This has now passed into law… not that you would know about it. I have looked everywhere…

via More Bad News for Landords — WOBH | Media

That’s Not a Hit Job, It’s a Slap Over the Hand With a Wet Bus Ticket — WOBH | Media

 

The National party attempted a hit job on Labour’s car tax policy and FAILED miserably. Let me count the ways that this hit job is a BIG fail on National’s part: The subsidies on EVs only apply up to $80,000 so the Porsche Cayenne falls outside of this. There’s another problem: the “electric Porsche Cayenne”…

via That’s Not a Hit Job, It’s a Slap Over the Hand With a Wet Bus Ticket — WOBH | Media

Motorists paying more tax for less spend on roads — Kiwiblog

Stuff reports: Petrol taxes and road user charges rise on Monday – the second of the Government’s three planned increases in this term.Petrol is up 3.5c a litre – around 4c when GST is included – and road user charges are up 5.5 per cent.The rises were first announced by Transport Minister Phil Twyford in June 2018.…

via Motorists paying more tax for less spend on roads — Kiwiblog

Digital services tax proposals to target multinationals — Your NZ

The avoidance of paying tax by multinational companies is well known, but an effective solution is difficult to come up with. The Government has proposed two options. Ensuring multinationals pay their fair share of tax Finance Minister Grant Robertson and Revenue Minister Stuart Nash today proposed two broad options to ensure offshore digital companies no […]

via Digital services tax proposals to target multinationals — Your NZ

Robertson ‘surprised’ by reaction to CGT capitulation – yeah, right — Your NZ

Minister of Finance Grant Robertson has belatedly tried to defend the decision of Cabinet to drop any plans for a Capital Gains Tax, and the decision of Jacinda Ardern to rule out trying to bring in a CGT at any time under her leadership. A CGT had been a prominent Labour Party policy, and was […]

via Robertson ‘surprised’ by reaction to CGT capitulation – yeah, right — Your NZ

Government response to the Tax Working Group recommendations — Your NZ

Most of the attention on the Government response to the recommendations from the Tax Working Group report was on the scrapping of plans for any new type of Capital Gains Tax. See CGT backdown, everyone claims victory. But the report also covered a number of other tax changes. Beehive: Govt responds to Tax Working Group […]

via Government response to the Tax Working Group recommendations — Your NZ

Two thirds of CGT revenue would come from inflation! — Kiwiblog

The Herald reports: The bulk of the revenue expected to be gathered from the proposed Capital Gains Tax will come because the Tax Working Group has not made allowances for inflation.This is according to lobby group the Taxpayers’ Union, which this morning released a report which took aim at the proposed tax’s failure to adjust…

via Two thirds of CGT revenue would come from inflation! — Kiwiblog

Poll – most people against Capital Gains Tax — Your NZ

A Business New Zealand/Reid Research poll has found that most people are opposed to a Capital Gains Tax. Labour has found in the past that a CGT was unpopular with the electorate. CGT should be a priority for the Government? No – 65% Yes – 22.8% Has CGT harmed the Government? No – 33.1% Yes […]

via Poll – most people against Capital Gains Tax — Your NZ

‘Tax Justice Aotearoa’ pushing for Capital Gains Tax — Your NZ

A group linked to an international tax reform movement, but seemingly light on tax expertise, is launching a campaign to push for a Capital Gains Tax, plus tax cuts for low income earners and increases for high earners. It seems to be late in the tax reform process, with Cabinet due to announce what it […]

via ‘Tax Justice Aotearoa’ pushing for Capital Gains Tax — Your NZ

The data behind CGT — Kiwiblog

Troy Bowker writes: The Tax Working Group (TWG) used an unreliable survey by the Department of Statistics as the basis for its argument that the majority of the proposed capital gains tax (CGT) will be paid by the top 20 per cent of households measured by wealth.Repeatedly, since the final report was published, Sir Michael…

via The data behind CGT — Kiwiblog

Ax This Tax — Kiwiblog

 

The Taxpayers’ Union has announced: The New Zealand Taxpayers’ Union today formally launches a major campaign to fight the unfair capital gains tax, proposed by Dr Michael Cullen’s Tax Working Group. The Union is encouraging New Zealanders to go to axethistax.nz and use the email tool to tell Jacinda Ardern and Winston Peters how the…

via Ax This Tax — Kiwiblog

Face of the day — Whale Oil Beef Hooked | Whaleoil Media

Parliamentary library reveals Tax Working Group chairman’s former dismissive stance on CGT […] The 84 pages of research included every reference Cullen ever made in the House in reference to a CGT between 1987 and 2008. Stuff The post Face of the day appeared first on Whale Oil Beef Hooked | Whaleoil Media.

via Face of the day — Whale Oil Beef Hooked | Whaleoil Media

From one trougher to another — Whale Oil Beef Hooked | Whaleoil Media

Employment minister Willie Jackson knows how to keep his own snout fully submerged in the public trough because he’s been doing it for long enough. But endorsing another trougher goes beyond the pale. It emerged recently that Finance Minister Grant Robertson quietly retained the services of Sir Michael Cullen after the Tax Working Group had…

via From one trougher to another — Whale Oil Beef Hooked | Whaleoil Media

CGT on the family home? — Whale Oil Beef Hooked | Whaleoil Media

 

This government is a slow motion trainwreck. In spite of a taxation policy that is being slammed from all directions, Jacinda is now refusing to commit to the recommendation that any revenue collected by CGT should be tax neutral. This comes as no surprise, as a Labour government almost never cuts taxes. True to form,…

via CGT on the family home? — Whale Oil Beef Hooked | Whaleoil Media

Labour needs to pass Euthanasia Bill for CGT — Whale Oil Beef Hooked | Whaleoil Media

 

In an excellent article to be published in the Listener on 16 March 2019, Jane Clifton (partner of the Speaker of the House, Trevor Mallard) looks at the current Capital Gains Tax fiasco. Jane outlines a public relations programme that would ensure that any policy proposal would be declared ‘dead on arrival’. Quote. Capital Gains…

via Labour needs to pass Euthanasia Bill for CGT — Whale Oil Beef Hooked | Whaleoil Media