Since becoming Revenue Minister, one thing I have learned very quickly is that a tax system that comprises good tax policy supported by good administration is an essential part of a competitive and growing economy.
Revenue Minister Todd McClay today welcomed the passing of the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill which will contribute to a fairer and more accessible tax system.
Revenue Minister Todd McClay has introduced changes to the Taxation (Annual Rates, Foreign Superannuation, and Remedial Matters) Bill to provide greater choice to individuals who decide to transfer their foreign superannuation before 1 April 2014.
The Student Loan Scheme Amendment Bill (No 3), which changes repayment obligations for overseas-based borrowers and tougher measures for persistent non-payers, passed its second reading in Parliament today.
“It’s becoming ever harder to avoid or evade tax” Revenue Minister Todd McClay said today announcing that New Zealand has now taken the final procedural step for ratification of the multilateral Convention on Mutual Administrative Assistance in Tax Matters.
Measures to clarify the tax treatment of certain employee allowances and reimbursements included in a tax bill introduced to Parliament today will be welcome news for employers and employees involved in Canterbury earthquake recovery work, say Canterbury Earthquake Recovery Minister Gerry Brownlee and Revenue Minister Todd McClay.
An omnibus tax bill introduced today by Revenue Minister Todd McClay proposes changes to bring greater clarity to the tax rules and make them easier for businesses and other taxpayers to understand and comply with.
Minister of Revenue Todd McClay announced the release today of an Inland Revenue tax policy officials’ paper which seeks public feedback on the minimum financial reporting requirements that should apply for most companies.
The Government is to include changes to the tax treatment of employee allowances, reimbursements and employer-provided accommodation in a tax bill to be introduced to Parliament later this month that will bring clarity for many taxpayers.
Science and Innovation Minister Steven Joyce and Revenue Minister Todd McClay today released a Government consultation document, Black hole R&D expenditure, which seeks feedback on proposals to resolve problems around the tax deductibility of certain types of business-related research and development expenditure.
In welcoming today’s launch of Inland Revenue’s Compliance Focus, Revenue Minister Todd McClay said that it is important for a strong economy that businesses, large and small, continue to receive the help they need to get it right.
An Inland Revenue report released today by Revenue Minister Todd McClay strongly endorses measures outlined in an OECD action plan dealing with the taxation of multinational companies in relation to base erosion and profit shifting (BEPS) concerns among OECD member countries.
Japan and New Zealand today exchanged diplomatic notes, for a new double tax agreement which will make it much easier to do business between the two countries, Revenue Minister Todd McClay announced today.