Category Taxation in New Zealand

NZ Researchers Say Double Tax Hikes on Cigarettes

August 2, 2017 Taxation in New Zealand

Smokefree NZWELLINGTON – New Zealand needs to double-down on its fight against smoking, if it wants to reach its goal of a smoke-free nation.

The result of joint research conducted by the University of Otago in New Zealand and the health advocacy group H?pai te Hauora have led to a push for a doubling of the tax hikes on tobacco products sold in New Zealand.

Currently, the tax rate on tobacco in New Zealand is scheduled to be increased by 10 percent per year on January 1st, until 2020.

The hikes are part of the government’s “Smokefree 2025” strategy, which is intended to see a reduction in smoking rates in the country, to the point where less than 5 percent of New Zealanders are smokers by 2025.

The researchers are now claiming that in order to meet the goal, the government will need to incre...

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New Zealanders Mull Tourist Tax

July 25, 2017 Taxation in New Zealand

Tourism Tax in New ZealandWELLINGTON – New Zealanders are looking to tax incoming tourists in order to help pay for the maintenance of national parks, reserves, and huts.

The results of a new survey released in New Zealand on July 24th has shown that local taxpayers support the prospect of a new tax to be paid by tourists.

Approximately 64 percent of respondents said that they would support a so-called “tourist tax” which would be paid by international tourists upon arrival to the country.

The funds from the proposed tax would be diverted to the national Department of Conservation, for the development of national reserves, huts, and for conservation efforts.

The public call for a tourist tax comes as the government funding for the Department of Conservation continues to dwindle, while the number of tourists c...

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Bracket Creep Strikes Thousands in New Zealand

July 10, 2017 Taxation in New Zealand

Taxes in New ZealandWELLINGTON – An increasing number of taxpayers in New Zealand are being forced to pay the highest tax rate in the country, despite not being particularly wealthy or affluent.

In a new press release issued on July 10th, the New Zealand tax advocacy group the Taxpayers’ Union claimed that approximately 659 000 taxpayers in the country now pay the country’s top marginal tax rate, despite the fact that the national population numbers just under 4.8 million.

The number of taxpayers paying the top marginal tax rate is equivalent to 18.1 percent of the population.

The Union claims that in the UK the number of people paying the highest tax rate is only 364 000, even though the UK has 14 times the population of New Zealand.

It was also claimed that the number of people paying the top rate is ...

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NZ Needs Sugar Tax, Says Jamie Oliver

June 29, 2017 Taxation in New Zealand

Jamie OliverWELLINGTON – Jamie Oliver is saying the New Zealand government could see an increase in revenues while also improving the health of children in the country by imposing a tax on sugar.

The internationally recognised chef Jamie Oliver has struck out at the New Zealand government over its inaction towards implementing a tax on the sale of sugary drinks.

Jamie Oliver’s criticism was delivered via a video which was recorded especially for the Fizz Symposium, which was held in Auckland on June 26th to discuss the possibility and practicality of a potential tax on sugary drinks.

It was claimed by Jamie Oliver that the new tax would be “new money for the children of New Zealand”.

He stressed that if a tax on sugary drinks was implemented, the newly raised funds should be earmarked and used...

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More Tax Cuts on Way in New Zealand

June 26, 2017 Taxation in New Zealand

Bill English tax cutsWELLINGTON – New Zealand’s Prime Minister has made a campaign promise of more tax cuts, on top of the tax cuts that are already planned to come into effect in April next year.

In a speech over the weekend, the Prime Minister of New Zealand Bill English indicated that if his party is re-elected in the coming election, taxpayers across the country could look forward to another round of tax cuts.

Currently, the National Party, which is led by Bill English, has promised that from April next year, a series of tax cuts will reduce the weekly tax burden of 1.3 million households by approximately NZD 26 each.

Some critics have criticised the cuts by saying that wealthy individuals and households will enjoy a disproportionately greater tax benefit, though supporters of the cut have said that the t...

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