INDEPENDENT NEWS

Tax Working Group Report

Published: Wed 17 Apr 2019 02:36 PM
Rt Hon Winston Peters
New Zealand First Leader
17 April 2019
New Zealand First Statement Regarding the Coalition Government’s Decision on Tax Working Group Report
New Zealand First Leader Winston Peters has welcomed Cabinet’s decision not to implement an extension of capital gains taxation, following the Prime Minister’s statement in response to the Tax Working Group Report.
“This decision provides certainty to taxpayers and businesses. We in New Zealand First wanted first and foremost for New Zealanders to have time to discuss and debate the contents of the report,” stated Mr Peters.
“During that time we have listened very carefully to the public.
“There is already an effective capital gains tax through the Bright Line test brought in by the last National Government and New Zealand First’s view is that there is neither a compelling rationale nor mandate to institute a comprehensive capital gains tax regime,” said Mr Peters.
“We also welcome the announcement that the coalition government will be urgently exploring options with the Inland Revenue Commissioner, in concert with central and local government, for taxing vacant land held by land bankers and reviewing the current rules for taxing land speculators. Tightening these rules was a priority for New Zealand First.
“Current tax policy, rigorously enforced by an Inland Revenue Department properly resourced will by itself 1) improve the administration of existing tax policy, and 2) target those multi-nationals not paying their fair share of tax,” Mr Peters said.
ENDS

Next in New Zealand politics

PM's Post-Cab 27/5/19: Mental Health Inquiry and the Budget
By: The Scoop Team
New service for young people leaving care
By: New Zealand Government
Too many youths on remand being held in secure facilities
By: RNZ
NZ On Air and RNZ launch new Local Democracy Reporting
By: NZ On Air
On coal’s negative message to today's school protest
By: Gordon Campbell
Police officer should not have engaged in pursuit
By: Independent Police Conduct Authority
Targets overlook the 174000 children living in worst poverty
By: Child Poverty Action Group
Barnardos praises Budget 2019 youth investment
By: Barnardos
The PSA welcomes transition support package
By: Public Service Association
State of Care: Supporting young people on remand
By: Office of the Children's Commissioner
NZ Maori Council comes out swinging
By: New Zealand Maori Council
Almost 200 youth offenders held in police cells
By: RNZ
Students stage “lie in” before strike
By: School Strike 4 Climate
Youth groups collaborate to Elbow Elders for climate action
By: Generation Zero
NZEI Te Riu Roa supports student action on climate change
By: New Zealand Educational Institute
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media