Category Taxation in Asia-Pacific

Possible Charity Fraud Uncovered in New Zealand

June 15, 2017 Taxation in New Zealand

Tax CrimeWELLINGTON – Investigations by New Zealand officials may have unveiled a multi-million dollar tax fraud scheme using charities.

The Department of Internal Affairs of New Zealand has released a report, following an official information request, showing that local charities may be being used for international tax evasion or money laundering.

The report centres around Operation Timepiece, an investigation conducted by the Department of Internal Affairs on three entities registered in New Zealand as charities.

The three entities have made some donations in New Zealand, but, according to records, funnel the majority of their funds into a single entity registered in Switzerland.

The three entities have now been de-registered, but the professionals behind their organisation and operations claim ...

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Ministers Face Taxation in Samoa

June 6, 2017 Taxation in Samoa

Church tax in SamoaAPIA – The clergy of Samoan churches may soon have to pay tax on the monetary gifts that they are given, despite protestation from the churches and members of the public.

The government of Samoa has now approved legislation which will force church ministers in the country pay taxes.

Currently, personal donations made to the ministers by people within their congregation are not taxed on personal donations made to them due to their work in the church.

The government hopes to tax such donations, as it sees the funds as being an income and believes that all individuals in the country should pay their share of the national tax burden.

The government has allowed a tax-free threshold to be implemented, with ministers who earn less than USD 7 500 being allowed to forego paying taxes in the offer...

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Bed Tax Coming to New Zealand

June 1, 2017 Taxation in New Zealand

Hotels in AucklandAUCKLAND – Tourists coming to New Zealand’s biggest city will be forced to pay taxes to help the city host concerts and sports events.

On June 1st the Finance and Performance Committee of Auckland, New Zealand, voted on, and approved a proposed bed tax to be levied on retail accommodation in the city.

The new tax will be paid by businesses in the accommodation industry, at a rate of NZD 3 to NZD 6 per night per customer for hotels, and NZD 1 to NZD 3 for motels.

The tax is intended to raise as much as NZD 135 million per year, with the funds earmarked for payment of the costs associated with hosting international events in the city.

The tax was passed with 11 votes in support and 8 votes in oppositions, however two of the council members abstained from voting.

The tax has been a long-d...

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New Zealanders Payout $1.5 Million Tax in Life

May 22, 2017 Taxation in New Zealand

WELLINGTON – New Zealanders are spending 15 years per household to pay off their tax obligations.

On May 22nd the New Zealand taxpayer advocacy group the Taxpayers’ Union published a new report showing that an average household in the country pays as much as NZD 1.48 million in tax over the course of its lifetime.

The total amount of tax paid is calculated based on an adjusted salary of NZD 98 818.

Based on the calculations, the average New Zealand household pays out approximately 15 years of earnings in the form of taxes.

For the average family, the total amount of taxes paid is made up of approximately NZD 826 000 in income taxes, NZD 375 000 in GST, NZD 121 000 local council rates, and NZD 40 000 petrol taxes.

Any households that fall significantly far from the average earner, eith...

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Taxes Could Curb Obesity in Australia

May 22, 2017 Taxation in Australia

obesity in AustraliaBRISBANE – Doctors in Australia are calling on the government to introduce new measures aimed at curbing the spread of obesity.

At a conference held in Brisbane recently, a leading endocrinologist Prof John Prins called for greater tax measures to discourage the spread of obesity in Australia.

The doctor said that the currently proposed tax measures such as fat taxes and sugar taxes are overly simplistic and do not cover the extent and intricacies of the issue of obesity.

He suggested that along with the already proposed tax measures, the government could also investigate the feasibility of reducing GST on healthy foods, such as fruits and vegetables.

Further, he called for extra disincentive measures to be applied, such as increased health and life insurance premiums, raised prices for...

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