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Donald Rumsfeld, US Taxes,

The unknown unknowns in tax

What are the “Unknown unknowns” of tax?  Our 3 stories from the week in tax The financial arrangements regime and Inheritance Tax Wage theft and missing PAYE and KiwiSaver contributions National’s tax policy – indexing thresholds, changes to the bright-line test and loss ring-fencing Podcast transcript In February 2002, in the run up to the […]

Tax payers, age band , New Zealand

Demographics will force tax changes

It’s well documented that high-income earners pay substantial amounts of income tax. According to Treasury estimates, 42% of the projected income tax payable for the year ended 31st March 2020 will be paid by those with annual income of over $100,000. That group is about 341,000 taxpayers or roughly 9% of all taxpayers. But how much tax […]

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