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Tax news

Inland Revenue raises capital gains tax questions
The department has been addressing whether the country needs a new form of tax.

Dr Bryce Wilkinson: Spending cuts versus wealth taxes
OPINION: Labour’s own fiscal profligacy has brought this problem forward.

IRD gives thousands of taxpayers' details to social media platforms for ads
Hashing slammed as a mass 'betrayal' of taxpayers.

'Swallowed by household bills': Budgeting service doubts tax cuts will go far
"I think it will help pay for those things that are already risen."

What will tax cuts mean for households?
From July 31, new tax thresholds apply, which will reduce most people's income tax bills.

Inland Revenue to spend $29 million on chasing tax cheats
The department will target student loan borrowers, multinationals and crypto traders.

Five reasons you might get a tax bill this financial year
IRD is sending out bills to those taxpayers who have underpaid tax.

How some lower-income households could end up with a 128 per cent tax rate
Lower-income families may face an effective marginal tax rate of more than 100 per cent.

Tax minimisation strategy sees billions shifted ahead of trustee tax hike
Trust-owned companies appear to have flushed out excess retained earnings to save on tax.