Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Topic: Victoria University Tax Working Group

18 February 2010

Minister of Finance Bill English's economic update to a Massey University and Auckland Chamber of Commerce business lunch today included comment on a number of options the Government is considering for the reform of New Zealand's tax system. The Minister also said the Government had decided to retain the imputation system and that the alignment of the company tax rate, top personal rate and the trustee rate remained the Government's medium-term goal. For more information see the speech.

20 January 2010

Victoria University's Tax Working Group today released its final report which considers the main challenges facing New Zealand's tax system in the medium-term and suggests possible options to address them. For more information see the report (PDF 696KB) and media statement.

25 November 2009

Papers prepared for the consideration at the fifth session of the Tax Working Group, held on 9 November, were released today. They include "The Distortionary Costs of Taxation" and "The Elasticity of Taxable Income", both by Prof John Creedy of the University of Melbourne, and "The Tax System and Housing Demand in New Zealand" by the Reserve Bank. The papers are available at www.victoria.ac.nz/sacl/cagtr/twg/session-five.aspx.

21 October 2009

Background papers prepared for consideration at the fourth session of the Tax Working Group were released today. The fourth session, held on 9 October, dealt with corporate taxes and tax integrity. For more information see the papers:

19 October 2009

In his speech to NZICA's 2009 tax conference on 17 October, Finance Minister Bill English explained the Government's economic plan, some of the challenges it faces, and the role that tax policy will play in the recovery. The Government would respond early next year to the options put forward by the Tax Working Group, which is expected to report in December, he said. For more information, see the media statement and speech.

16 October 2009

In a speech today to the 2009 NZICA Tax Conference, Revenue Minister Peter Dunne commented on recent tax policy developments and those expected over the next year. Future developments include re-negotiation of DTAs with Canada and the UK, a review of the scope of gift duty, and consultative documents on child support, income splitting, and the second stage of the reform of New Zealand's international tax rules. A bill to be introduced in November will give effect to trans-Tasman portability of certain retirement savings. For more information, see the Minister's speech.

2 October 2009

Background papers prepared for consideration at the third session of the Tax Working Group were released today. The third session, held on 16 September, dealt with revenue raising options. For more information see the individual papers:

18 August 2009

Background papers prepared by policy officials for consideration at the second session of the Tax Working Group were released yesterday. The second session, held on 31 July, dealt with personal taxes, GST and transfers. For more information see the individual papers:

8 May 2009

The Government today welcomed the establishment of a Tax Working Group of private sector and academic experts and tax policy officials that will assist it in considering the key tax policy challenges facing New Zealand. The Working Group, which is co-ordinated by Victoria University's Centre for Accounting, Governance and Taxation, will consider the medium-term direction of the tax system, including assessing policy options. For more information see the media statement.