Why Labour may propose an inheritance tax stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Press Release – New Zealand Taxpayers’ Union The Taxpayers Union is slamming Revenue Minister David Parker for his indication that he wants to clamp down on fringe benefit tax due to the proliferation of double-cab utes and says that having already added on its tax to subsidise inner …
The
Taxpayers’ Union is slamming Revenue Minister David Parker for his indication that he wants to clamp down on fringe benefit tax due to the “proliferation” of double-cab utes and says that having already added on its tax to subsidise inner city electric vehicles, the Government should leave ute owners alone.
Union spokesman Jordan Williams says “This is yet another tax grab on kiwi farmers and tradies and so-called ‘illegitimate’ ute owners.”
Press Release – New Zealand Taxpayers’ Union The Taxpayers Union is slamming Revenue Minister David Parker for his indication that he wants to clamp down on fringe benefit tax due to the proliferation of double-cab utes and says that having already added on its tax to subsidise inner …
The
Taxpayers’ Union is slamming Revenue Minister David Parker for his indication that he wants to clamp down on fringe benefit tax due to the “proliferation” of double-cab utes and says that having already added on its tax to subsidise inner city electric vehicles, the Government should leave ute owners alone.
Union spokesman Jordan Williams says “This is yet another tax grab on kiwi farmers and tradies and so-called ‘illegitimate’ ute owners.”
Govt is looking at whether it should clamp down on ute drivers shirking tax
Govt is looking at whether it should clamp down on ute drivers shirking tax Tue, 6 Jul 2021, 6:10PM
Double-cab ute owners might be getting an unexpected call from Inland Revenue to see if they are paying the right amount of tax, after Revenue Minister David Parker said he was considering a clampdown on the fringe benefit tax rules relating to utes.
Owners of double-cab utes famously pay very little fringe benefit tax (FBT), which is designed to make sure that employees pay tax on their work perks such as using a work car for personal use.
That minimum tax rule will prevent multinationals making use of tax havens and is expected to result in an additional US$150b (NZ$215b) of tax being collected by tax authorities each year, globally. A second rule will allow countries to claim a share of any excess global profits earned by the world’s very largest multinationals, even in situations where they only exported products or services to that country and would not normally be subject to local taxation.
British chancellor Rishi Sunak hailed the multinational tax plan as one that would bring fairness when it was endorsed by the G7 last month.