Hon Grant Robertson
Minister of Finance
Hon Stuart Nash
Minister of Revenue
17 April 2019PĀNUI PĀPĀHO
Govt responds to Tax Working Group report
The Coalition Government today released its response to the recommendations of the independent Tax Working Group report.
The report found that on the whole New Zealand’s tax system was working well, but made a number of recommendations to
improve fairness, balance and structure.
The Government is not adopting any of the recommendations on capital gains taxation and has agreed no further work is
necessary on that aspect of the report.
“The final report covered all aspects of the tax system, and a number of the recommendations will now be considered for
inclusion in the Government’s Tax Policy Work Programme,” Grant Robertson said.
“That includes exploring options for targeting land speculation and land banking.
“We intend to direct the Productivity Commission to include vacant land taxes within its inquiry into local government
funding and financing,” Grant Robertson said.
“Officials have been directed to prioritise work on the TWG’s recommendations on ways to encourage investment in
significant infrastructure projects and improve the integrity of the tax system to crack down on tax dodgers,” Stuart
A refreshed tax policy work programme will be released mid-year.
The Coalition Government reiterated it will not introduce resource rentals for water or a fertiliser tax in this term of
Other priorities for the Government this year include progressing legislation for research and development tax
incentives; GST on low-value goods from offshore suppliers; a discussion document on a digital services tax, and further
work to ensure multinationals pay their fair share of tax.
Grant Robertson and Stuart Nash thanked the Tax Working Group members for their work
A summary of the Government’s responses to the recommendations is attached.