3 Bullets dodged but there is still a round in the breach!
posted Sunday, Feb 28, 2010
Withers Tsang on Tax
John Key's statement to Parliament has sent a relatively clear signal of his intentions in their drive to overhaul the tax system.
He confirms that specific measures will be announced in the May budget.
Specific announcements for now include:
Confirmation that personal tax cuts will be across the board;
Changes to property tax will be made but many of the dreaded suggestions put forward by the Tax Working Group are 'off the table'. These include: land tax, a co...
posted in: Finance, Accounting, Taxation
A Tax System for New Zealand's Future
posted Friday, Feb 12, 2010
Extract from the Tax Working Group Report: The aims of the Tax Working Group (TWG) were to (1) identify concerns with the current taxation system, (ii) describe what a good tax system should be like, (iii) consider options for reform, and (iv) evaluate the pros and cons of these options. Due to New Zealand's current fiscal circumstances, we accepted the constraint to consider tax reform on a fiscally neutral basis, and primarily focused on revenue raising taxes. New Zealand's tax system is ...
Tax Changes
posted Tuesday, Feb 02, 2010
APIA feels that while much has been written by the media on the recommended tax changes, not all of the issues have been considered. What this article is all about These include the impact on property investors of what is recommended, what has been talked about in the past and not proposed, and what we as property investors should be doing to minimise the impact of the changes by using our collective voice in Auckland and with other PIA’s throughout New Zealand. What are the recommended change...
posted in: Finance, Capital Gains Tax , Investment Advice, Taxation
How much will the proposed tax changes actually affect you?
posted Sunday, Jan 31, 2010
Withers Tsang on Tax
Following the release of the tax working groups report into the potential tax changes, many clients are understandably worried about the specific impact that proposed changes will have on their personal positions. Before you look to make wholesale changes to your affairs, be they to buy or to sell, you should look to quantify the specific impact of the changes that are being proposed as they relate to your personal circumstances. An understanding of the actual impac...
posted in: Finance, Accounting, Taxation
Political and Regulatory Report for December 2009
posted Monday, Jan 11, 2010
RESIDENTIAL TENANCIES AMENDMENT BILL - 2nd READING COMMENCED
The Government commenced the second reading debate of the Residential Tenancies Amendment Bill on 8th December. This process basically menas that Parliament is asked to adopt the bill as reported back, with amendments from the Social Services Select Committee.
As previously reported, the Committee's key recommendations to improve the bill included changes to the following provisions:
Cleansing orders - Omitting clause 9(1) requ...
posted in: Governmental & Regulatory, Residential Tenancies Act, Thomas Chin Report, Taxation