Details

  • Service: Tax, International Corporate Tax, International Executive Services
  • Type: Regulatory update
  • Date: 2/3/2012

New Zealand - Tax briefing is released to new government 

February 3:   The New Zealand Inland Revenue released its briefing to the “new” government, following the November 2011 general election. The Briefing for the Incoming Minister of Revenue – 2011 outlines Inland Revenue’s view of the key issues and challenges for the tax system in the short-to-medium term, and how they may affect the new government’s fiscal and economic priorities. It also outlines the key pressure areas for Inland Revenue in administering the tax system.

On the tax policy front, while Inland Revenue supports the present “broad based low rate” taxation framework, the briefing acknowledges that alternative tax models are available. These generally have lower tax rates on capital income. The New Zealand Treasury, in its briefing, has highlighted the appropriate taxation of savings and capital remains an important economic issue.


To read a February 2012 report prepared by the KPMG member firm in New Zealand: Tax briefing to new government released




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