More tax, flat spending good news for debt level
Two-thirds of the way through the Government's financial year tax revenue is running 6.3 per cent above the same period last year, while spending is flat.
Two-thirds of the way through the Government's financial year tax revenue is running 6.3 per cent above the same period last year, while spending is flat.
The Government might reconsider plans to tax employers on inner-city carparks they provide to employees if it finds the additional costs on businesses would outweigh the revenue raised, Finance Minister Bill English said yesterday.
In the second column examples were given on the strategies used by some American multinational companies to reduce their profitability in Britain.
The debate around the level of tax paid by multinational corporations, and where they pay them, has morphed into a drama involving protagonists.
Draft legislation aimed at introducing fringe benefit taxes on staff carparks is broader than expected and contains some "nasty fish hooks to look out for".
New Zealand is going to find it increasingly difficult to tax multinational companies like Google and Facebook, says a specialist tax consultant.
An Auckland accountant has been struck off and ordered to pay more than $31,000 after he used 60 clients to get tax rebates on donations for his own benefit.
NZ's highest earners have paid less tax overall since 2001 tax changes that raised the top personal income tax rate.
The breakfast food giant doesn't pay company tax because of its owner's charitable status.