Govt proposes new 'tax principles' law

Govt proposes new 'tax principles' law
Revenue minister David Parker says it's an anomaly that tax collection has no equivalent to the Public Finance Act (Image: Kevin Stent/Getty)
Jem Traylen
A new law intended to make government reporting on tax outcomes more transparent was announced by revenue minister David Parker on Tuesday.The minister said the “Tax Principles Act”, which he hoped to pass before the next election, would require officials to periodically report on the operation of the tax system based on principles that he believes are broadly agreed upon across the political spectrum.In a speech given at the Victoria University of Wellington, Parker said voters needed to be better equipped to assess proposals from...

More Policy

Supermarkets face break-up threat
Retail

Supermarkets face break-up threat

Forced and voluntary divestments are among potential outcomes.

Pattrick Smellie 30 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025
Govt support to unlock billions for community housing
Policy

Govt support to unlock billions for community housing

It's been called a watershed day for the community housing sector.

Oliver Lewis 27 Mar 2025
RMA replacements to end 'culture of no'
Policy

RMA replacements to end 'culture of no'

The Government looks to Japan as it unveils two replacement planning laws.

Oliver Lewis 24 Mar 2025