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Both the New Zealand National Party and New Zealand First said they would not support the bill's passage into law. [20] Joel MacManus of The Spinoff estimated it was the largest protest Wellington had ever seen, and possibly the largest in New Zealand's history. [50] The BBC described it as "one of the biggest in the country's history". [42]
Notable for being the first ever New Zealand government to have three parties in cabinet. A further five National MPs would sit outside of Cabinet, along with two ACT MPs and one NZ First MP. [282] [283] In a first for New Zealand, the Deputy Prime Minister role will be split for the term, with Winston Peters holding the office until 31 May 2025.
The Tax Working Group was established on 20 December 2017 with the stated goal of "examine further improvements in the structure, fairness and balance of the tax system." The Working Group will report to the New Zealand Government on the following matters: Whether the tax system operates fairly in relation to taxpayers, income, assets and wealth.
Pages in category "Treaties of New Zealand" The following 200 pages are in this category, out of approximately 310 total. This list may not reflect recent changes .
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. [1] Such treaties may cover a range of taxes including income taxes , inheritance taxes , value added taxes , or other taxes. [ 2 ]
Goods and services tax (GST) is an indirect tax introduced in New Zealand in 1986. This represented a major change in New Zealand taxation policy as until this point almost all revenue had been raised via direct taxes. GST makes up 24% of the New Zealand Government's core revenue as of 2013. [37]
The Principles of the Treaty of Waitangi Bill, commonly known as the Treaty Principles Bill, is a government bill [1] promoted by David Seymour of the ACT New Zealand party. It aims to redefine the principles of the Treaty of Waitangi and put them to a nationwide referendum for confirmation. [ 2 ]
The 1980s were a period of considerable economic and tax reform in New Zealand. New Zealand had never had a formal capital gains tax system (unlike virtually every other OECD nation. The government was considering implementing a capital gains tax and issued a consultative document [ 2 ] as part of the (then) process of tax reform.