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.

Facebook's "tiny" and "barely believable" tax bill this year makes a mockery of New Zealand's tax loopholes for multinationals, says the Labour Party.

The Law Commission wants to crack down on the "injustice" that allows the use of trusts to protect property during disputes.

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.