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Tax tightening covers asset sales shortfall: Dunne
IRD's clampdown on tax avoidance and loopholes will bridge the gap left by the planned sell-down of the SOE energy companies, says Peter Dunne.
IRD's clampdown on tax avoidance and loopholes will bridge the gap left by the planned sell-down of the SOE energy companies, says Peter Dunne.
A combination of Kiwis living longer and large numbers of baby boomers retiring in the next two decades means the country needs to consider a new retirement option, warns the Financial Services Council.
The New Zealand Government took in $772 million more tax than expected in the first 10 months of the fiscal year.
Last week's Budget saw a tightening of tax rules for holiday homes, boats and planes. Iain Craig, tax partner at BDO explains the changes.
Households are being placed under intolerable pressure by rates rises that substantially exceed the rate of inflation.
Compared to the Australian superannuation system, even the original KiwiSaver tax incentives looked anaemic, now the contrast is startling.