
How tax avoidance hurts the poor
High profile companies and boards have lobbied for decades for favourable tax benefits, now it's hurting the poor and could destroy capitalism altogether.
High profile companies and boards have lobbied for decades for favourable tax benefits, now it's hurting the poor and could destroy capitalism altogether.
COMMENT: Just like Australia, New Zealand has rampant property prices, and our tax system allows negative gearing.
Properties linked to the Masala restaurant empire, restrained under the country's biggest ever asset seizure, have been pulled from mortgagee sale.
Inland Revenue says the latest telephone phishing scam is unusual because it's still generating 200 complaints a day.
IRD yet to decide if it will oppose a bid from Graeme Hart's auto parts business to have its US bankruptcy protection recognised here.
A High Court judge has thrown out a defence put up by two Masala restaurant bosses to a liquidators' claim.
The Prime Minister was too quick to declare his confidence in this country's treatment of foreign trusts following the "Panama papers".
New Zealand is not a tax haven, says the man who reviewed the country's foreign trust regime in the wake of the Panama Papers document dump.
Liam Dann writes the 2016 Budget is the greens before the treats, but Bill English has delivered his promise of boring and stable.
The average Kiwi tax refund has increased 23 per cent over the past three years, research has found.
COMMENT: Tax cuts seem off the table for now, and I think they should stay that way, writes Mark Lister.
COMMENT: It's time for Bill English to announce a crackdown on multinational tax avoidance in New Zealand.
We should be reducing debt faster while the good times last, not talking about tax cuts.
COMMENT: Last week Bill English poured cold water on the idea of tax cuts, writes Barry Soper. This week John Key tells a different story.
COMMENT: The Panama Papers big reveal proved better in prospect than reality.
COMMENT: Foreign trusts don't come without a cost, writes Rachel Smallley. Don't kid yourself by thinking no-one loses from this. Millions lose. If people don't pay tax, economies suffer.
COMMENT: Imagine how much investment there would be if their returns were taxed entirely away. Who would be the losers? The multinationals? Or Kiwis?
COMMENT: It is amazing how often a Prime Minister who totally dominates his government seems to have been left out of the loop when crucial issues are decided, writes Bryan Gould.
COMMENT: The time has come for the New Zealand Government to take similar action to close the profit-shifting loopholes that these corporations are exploiting in our country.
Tax officials formally scheduled a review of NZ's foreign trusts regime a month before the PM's lawyer began lobbying, the Labour Party says.
The New Zealand branch of the pharmaceutical giant Pfizer sent tens of millions offshore while paying virtually no tax.
COMMENT: Now that the Prime Minister has let the land tax genie out of the bottle we should all have a good close look to see which version suits us best.
PM John Key this week proposed a new tax on offshore purchases. Could the Government be doing more?
We need data on the activity and influence of foreign property investors before committing to the risks and costs associated with a selective land tax, says Bob Buckle.