Latest Tax News

Apple avoided at least $3.5 billion in US federal taxes in 2011 (Reuters)

Apple avoids paying billions in tax

Apple employs a group of companies located outside the US to avoid paying billions of dollars in US income taxes.

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Chester Borrows

Govt defends benefit fraud crackdown video

The Government says its crackdown on benefit fraudsters hasn't come at the expense of catching white-collar criminals.

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Student loan changes will be hard for some (file)

Student loan, Kiwisaver changes hard for some video

The Government's increased thresholds for compulsory student loan repayments and KiwiSaver contributions come into affect today.

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Earners squeezed by tax changes

Tax changes coming into effect today are set to squeeze the pay packets of student loan borrowers and Kiwisaver members.

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Linda Clark, Guyon Espiner and Duncan Garner

Hosts preview TV3's new show, The Vote video

TV3's new current affairs show The Vote kicks off tonight with a debate about whether to tax unhealthy foods.

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Car parks for employees will remain exempt from fringe-benefit tax

Govt U-turns on car park tax

Cabinet met today and decided against pursuing the new measure, which would have taxed employers who give car parks to their employees.

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Although the proposal seems to have the support it needs from Bill English, he has given himself some wriggle room

Backlash against parking tax video

The Finance Minister is backing a controversial move to make company car parks subject to fringe benefit tax.

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Court backs taxman in Alesco dispute

Western Australian-based Alesco Corp has lost its legal challenge over a dispute with Inland Revenue.

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You may soon get taxed for using your work smartphone at home

Gadget tax could hurt small businesses video

If your job supplies you with a smart phone, then Inland Revenue (IRD) is looking at taxing your personal calls.

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Sam Stanley

Call for Christchurch flat tax video

A leading economist has called for a flat tax in the Canterbury area to attract businesses and assist with the rebuild.

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Revenue Minister Peter Dunne

Dunne looks for ways to tax multinationals

Some big multinational companies don't pay tax anywhere and bringing them into the net is a complicated global problem, the Government says.

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The Govt says it's upping tax on petrol to pay for more roads

Petrol price hike covering 'cracks' in Govt's books video

Labour says the Govt's decision to raise petrol excise duty is to make sure it can achieve a budget surplus.

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Brownlee says increases are required to pay for the Govt's roads of national significance

More petrol tax to pay for motorways

Petrol excise tax and road user charges will be hiked over the next three years to help pay for the Govt's motorway plans.

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Call to end debate on tax credits

Commissions in both New Zealand and Australia want their governments to settle a long-running tax dispute.

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Unhealthy food tax on the agenda video

Taxing fatty foods and fizzy drinks and subsidising fruit and vegetables could improve the diet and health of the nation.

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The so-called "tax haircut" could be worth around $25m to the Inland Revenue Department

Aussie banks clipped for 'tax haircut'

The Reserve Bank has rejected submissions from banks for relief from new rules to guard against bank failures.

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Revenue Minister Peter Dunne

Pressure mounts for multi-nationals' taxes video

Labour's putting the pressure on multi-nationals to pay more tax in New Zealand and it wants the Government to turn up the heat.

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Companies like Google and Facebook are taking advantage of New Zealand tax laws (Reuters)

Govt considers tightening tax laws video

The Government's considering whether New Zealand needs to toughen its tax laws.

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Tax treaties are built around "bricks and mortar" companies, not the internet

Facebook not cheating on tax - expert

Facebook and Google aren't cheating the system by paying tiny tax bills, an international tax expert says.

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In 2010, Facebook's New Zealand tax bill was just $5,238 (AAP/Martin Keene/PA Wire)

Govt slammed over tax loophole video

Facebook's New Zealand arm paid less than $14,500 in tax last year.

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