max
°
min
°
Location:
COLOR-Waatea logo 2016-final

On Air Now
Radio Waatea

07:00am - 10:00am
Ed Sheeran

Māori tax rate to stay
©Gettyimages

Share to Email
Share to RSS
Share to Print


SIR MICHAEL CULLEN INTERVIEW CLICK HERE 

Tax rates on Māori authorities are likely to remain the same following a review.

The interim report of the Tax Working Group led by former finance minister Sir Michael Cullen says the 17.5 percent rate reflects the most common marginal tax rate of the economic owners of Māori authorities.

As the Māori median income is about $32,000 a year, that’s still relevant.

It recommended subsidiaries of Māori authorities be taxed at the same rate, to remove current inefficiencies such as the subsidiaries being structured as limited partnerships.

Sir Michael says the group is still working on how capital gains should be treated.

It is not recommending changes to GST such as exempting some items, and as other measures will be more effective in supporting those on low incomes.

 

Copyright © 2018, UMA Broadcasting Ltd: www.waateanews.com


Waatea Glass Logo 1
MUMA2
LETSLEARN-86
E-Tangata-26052019
Banning Prisoners from voting impacts Māori worst
Martyn 'Bomber' Bradbury: The debate over Prisoners being able to vote has begun in the Waitangi Tribunal as argument is heard that the ban is a breach of the Treaty because it is so disproportionately unfair to Māori.
I will continue writing about the state taking children until something meaningful has occurred
Martyn 'Bomber' Bradbury: If you have the privilege of a platform, you must endeavour to use that platform for good. I have written previous columns about the extraordinary abuse of power by the state when they take children into their 'care'.
State Spying and a Police who see no spying, hear no spying and speak no spying
Martyn 'Bomber' Bradbury:: John Campbell's remarkable investigation at the beginning of the week into a Government agency tasked with looking after earthquake survivors using corporate spies to secretly tape complaining earthquake survivors was made more important by the remarkable announcement midweek from the NZ Police that found nothing illegal in the actions of anyone involved.
0
TMP2
           

Submit

Glossary

 

Subscribe

Enter your email address to receive regular updates from Waatea News.
  • fb

On Air Now
Radio Waatea

07:00am - 10:00am