NZ Government Tax Review

Tax Working Group Secretariat
PO Box 3724
Wellington 6140
New Zealand

Read the paper prepared by the Tax Working Group Future of Tax: Submissions Background Paper.

Submissions should include a brief summary of major points and recommendations. They should also indicate whether it would be acceptable for the Tax Working Group and the Secretariat to contact those making the submission to discuss the points raised, if required.

Submissions close 30 April 2018.

https://taxworkinggroup.govt.nz/have-your-say-future-tax?gclid=EAIaIQobChMIhcy3rJSJ2gIVzyMrCh2-HwVTEAMYASAAEgK1-fD_BwE

The Working Group will consider changes that would improve the structure, fairness and balance of the tax system,” says Grant Robertson. “This Government is committed to a fair and progressive tax system. It is important that New Zealanders have confidence in their tax system and know that everyone is paying their fair share.”

“At the moment the tax system appears unfair – for example, it doesn’t treat income from speculation in housing as it does income from work. We want to consider how we can create a better balanced system and can encourage a shift to investment in the productive economy.

“Individual wage-earners, businesses, asset owners and speculators should pay their fair share of tax. Right now we don’t think that is happening. This working group is not about increasing income tax or the rate of GST, but rather introducing more fairness across all taxpayers.

The Working Group will also consider how the tax system can contribute to positive environmental outcomes and the impact of likely changes to the economic environment, demographics, technology and employment practices over the next decade.“As former Minister of Finance from 1999 to 2008, Sir Michael’s credentials are impeccable and he will be a huge asset to the Working Group.” “Final recommendations to Ministers are expected by February 2019. As promised before the election, any significant changes legislated for from the Group’s final report will not come into force until the 2021 tax year. “It is important to ensure that all sectors of the New Zealand economy can feed into the Working Group’s processes and that all relevant perspectives are considered.”“As we promised during the election campaign, certain areas will be outside the scope of the review, including increasing any income tax rate, the rate of GST, inheritance tax and changes that would apply to the family home or land beneath it,” Grant Robertson says.

Govt’s Tax Working Group features 11 members including Auckland University’s Craig Elliffe, Business NZ’s Kirk Hope & ex-IRD Deputy Commissioner Robin Oliver

 

Finance Minister Grant Robertson and Revenue Minister Stuart Nash have announced the members of the Government’s Tax Working Group.

Tax Working Group members announced

Along with chair Sir Michael Cullen, the Working Group members being appointed are:

·Professor Craig Elliffe, University of Auckland

·Joanne Hodge, former tax partner at Bell Gully

·Kirk Hope, Chief Executive of Business New Zealand

·Nick Malarao, senior partner at Meredith Connell

https://taxworkinggroup.govt.nz/your-submissions

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