Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Future of Tax seeking public opinion

Future of Tax seeking public opinion

BusinessNZ has welcomed the release of the Tax Working Group background paper The Future of Tax.

BusinessNZ Chief Executive Kirk Hope, a member of the Tax Working Group, wants those in business to read the background paper and to make submissions.

"Tax reviews are infrequent and can bring significant changes for business and the economy.

"This review is particularly important as it comes at a time when technology advances are affecting both business and business revenue gathering.

"I would urge businesses to comment on the background paper and take the opportunity to be heard," Mr Hope said.

The Tax Working Group is seeking public opinion on the overall performance of the tax system, as well as seeking views on specific questions such as:

- How would a capital gains tax affect housing affordability?

- Should corporate tax become progressive, rather than a flat rate across all businesses?

- Should environmental taxes be introduced?

- Should there be GST exemptions?

- Should additional taxes such as stamp duty, financial transaction taxes and wealth taxes be introduced?

The Tax Working Group background paper The Future of Tax can be downloaded here.

Submissions are due on 30 April.


ends

Advertisement - scroll to continue reading

Are you getting our free newsletter?

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines

 
 
 
 
 
 
 
 
 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.