Tag: Taxation

Budget 2016 – Scoop Full Coverage

Article – The Scoop Team Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version. Budget 2016 – Scoop Full Coverage Parliament Live – LIVE Video Of Budget 2016 from 2pm The 2016 New Zealand Budget will be delivered on Thursday 25 May. Scoop will be updating this page with Budget announcements, reaction and analysis once the Budget is released at 2pm. Hit reload to see the latest version. <!– CLICK TO JUMP TO SCOOP BUDGET COMMENTARY AND REPORTS CLICK TO JUMP TO THE BUDGET PRESS RELEASES CLICK TO JUMP TO BUDGET REACTION CLICK TO JUMP TO BUDGET PREVIEWS For the latest headlines and reaction see.. PARLIAMENT WIRE…, POLITICS WIRE…, BUSINESS WIRE…, EDUCATION WIRE…, HEALTH WIRE… –> RELATED LINKS: For the full text (when released) of the budget see… TREASURY BUDGET 2016 WEBSITE See also the BEEHIVE BUDGET PAGE For previous budgets see… BUDGET 2015 – BUDGET 2014 – BUDGET 2013 – BUDGET 2012 – BUDGET 2011 – BUDGET 2010 – BUDGET 2009 – BUDGET 2008 – BUDGET 2007 – BUDGET 2007 – BUDGET 2006 – BUDGET 2005 – BUDGET 2004 – BUDGET 2003 – BUDGET 2002 – BUDGET 2001 & BUDGET 2000 BUDGET 2016 PREVIEWS & REACTION Parliament Today – Ministers Turn Focus to Budget 2016 Parliament Today – Questions & Answers...

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Gordon Campbell on how class colours Panama Papers reactions

Column – Gordon Campbell Not many heroes so far in the Panama Papers saga, but any number of villains. Those villains happen to include: criminals laundering their ill gotten gains, terrorists funding their nefarious activities, and shadowy figures guilty of varying levels … Gordon Campbell on how class colours the reactions to the Panama Papers Not many heroes so far in the Panama Papers saga, but any number of villains. Those villains happen to include: criminals laundering their ill gotten gains, terrorists funding their nefarious activities, and shadowy figures guilty of varying levels of larceny stashing their wealth in bolt-holes, offshore. Much of the talk about the need for greater “transparency” and “reputational risk” is about whether New Zealand is aiding and abetting such people – either (a) consciously for gain (b) carelessly or (c) via an ideological reluctance to regulate the foreign trust sector. In the murkier, moral grey zone however, reside the lawyers and lobbyists and enablers who profit from this trade – some of which is legal, and some of which isn’t. There are also the pliable politicians, and the lobbyists out to influence them. In addition, there are the investors hiding money from the taxman quite legally – and apparently feeling few pangs of conscience about being social parasites. So far, the policy response to the Panama Papers revelations has reflected the differences – and...

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Questions & Answers – 3 May 2016

Press Release – Office of the Clerk 1. JAMES SHAW (Co-LeaderGreen) to the Prime Minister : On what dates did he discuss with the Minister of Revenue his conversation with Ken Whitney on foreign trusts, and what specifically did he say to the Minister?Prime Minister—Overseas Trusts 1. JAMES SHAW (Co-Leader—Green) to the Prime Minister: On what dates did he discuss with the Minister of Revenue his conversation with Ken Whitney on foreign trusts, and what specifically did he say to the Minister? Rt Hon JOHN KEY (Prime Minister): There is no record of when I spoke to the Minister...

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Questions & Answers – 3 May 2016

Press Release – Office of the Clerk 1. JAMES SHAW (Co-LeaderGreen) to the Prime Minister : On what dates did he discuss with the Minister of Revenue his conversation with Ken Whitney on foreign trusts, and what specifically did he say to the Minister?Prime Minister—Overseas Trusts 1. JAMES SHAW (Co-Leader—Green) to the Prime Minister: On what dates did he discuss with the Minister of Revenue his conversation with Ken Whitney on foreign trusts, and what specifically did he say to the Minister? Rt Hon JOHN KEY (Prime Minister): There is no record of when I spoke to the Minister of Revenue, but it would have been between 27 November 2014, when the New Zealand Herald story first appeared, and 2 December 2014, when Mr Whitney emailed the Minister. I informed the Minister that there had been an approach by Mr Whitney, who acts for me in my personal capacity; that Mr Whitney was part of an industry group working in the New Zealand foreign trust industry; and that I had told Mr Whitney I was unaware of the issue in the New Zealand Herald story that he had raised, and his group should meet with the Minister. James Shaw: Did he tell the revenue Minister to expedite his meeting with the foreign trust industry? Rt Hon JOHN KEY: No. James Shaw: Did he tell the revenue Minister to ditch...

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Government should just ban foreign speculators

Press Release – New Zealand Labour Party The Prime Ministers musings about a land tax on non-resident buyers is just more tinkering, and the Government should just ban foreign speculators as the Australian Government has done, says Labours Housing spokesperson Phil Twyford.26 April 2016 Government should just ban foreign speculators The Prime Minister’s musings about a land tax on non-resident buyers is just more tinkering, and the Government should just ban foreign speculators as the Australian Government has done, says Labour’s Housing spokesperson Phil Twyford. “This is classic John Key. Just enough to get the issue off the front page. Just enough to make it look as if he is doing something. “The overwhelming majority of Kiwis support Labour’s policy. It is simple, it is clean, and in Australia the requirement for foreign investors to build new homes has channelled $30 billion into new home construction in the past year. “The Prime Minister is a day late and a dollar short. He has been rubbishing Labour’s policy for the past three years, and denying that foreign speculators are even a problem. He refused to even try to negotiate a carve-out for a ban in the TPPA. And now he has some complicated land tax idea that would apply to Kiwis who happen to be working or living overseas. “John Key needs to reflect on the number of young Kiwi...

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