Tag: Jeremy Wilkinson and Megan Gattey

Post-cabinet press conference: Online purchase GST and TPPA

Article – Jeremy Wilkinson and Megan Gattey Applying GST to online purchases was the main focus of this afternoons post-cabinet press conference in Wellington.Post-cabinet press conference: Online purchase GST and TPPA Photo: Jeremy Wilkinson Applying GST to online purchases was the main focus of this afternoon’s post-cabinet press conference in Wellington. Currently purchasers of online goods only have to pay GST if their order is more than $400. “I think you should have to pay for online services. There are about 12 jurisdictions around the world that do that, including Europe. I completely understand why people want to buy online. I just think it should be even and fair with New Zealand retailers.” In simple terms, Key said paying GST in advance meant there would be no reason for items to be held up at the border. The government would like to be able to apply GST to both services and goods, but it will take longer to implement the goods aspect because the officials need to work through the logistics, he said. “We want to ultimately be able to apply GST to services and goods. Netflix and iTunes users will soon be charged GST for the services, but Key said this could not be called a “new” tax. “New Zealanders have always paid GST. The only change is that the purchasing is happening online.” Key also discussed the...

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Post-Cab Presser: Foreign buyers register, TPP and SERCO

Article – Jeremy Wilkinson and Megan Gattey At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco.Post-Cabinet Press Conference on foreign buyers register, TPP and SERCO At a press conference today in Wellington, John Key discussed the foreign buyers register as well as the TPP and Serco. Key was questioned whether a stamp tax might be a tool to deal with foreign buyers. “That would depend on the country involved and the fair trade agreements (FTA) we have in place there, or a double tax agreement.” “It is a tool we have available in some cases, but not in all.” He said more information would need to be collected as to how information in a foreign buyers register would be sampled before looking at options such as a stamp duty. “Dealing with non-resident taxpayers is different from dealing with actual residents,” Key said. Key also said he was not opposed to the foreign buyers register, but noted that different people’s definitions of a what a register contains would vary. “If it is truly a register, you would have to record when it was on-sold.” Key said he would not support a ban on foreign buyers. “It is not justified nor terribly effective.” If New Zealand really wanted to stop non-tax residents buying property, Key said a far more...

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