Misc

Inland Revenue's tax avoidance draft welcomed

A tax specialist has welcomed Inland Revenue's decision to release a draft statement on the principles of tax avoidance. Peter Boyce, tax partner with PricewaterhouseCoopers, described the decision to define what constitutes tax avoidance as a significant step forward.

Sunday, September 26th 2004

Mr Boyce said there was confusion on the subject. Understanding when it applied was one of the most important and difficult issues facing taxpayers.

Problems arose when the legislation intended taxpayers to take advantage of concessions in the law, but did not define where those benefits ended.

The draft document is available on the IRD's website, www.ird.govt.nz, and submissions close on December 17.

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SBS FirstHome Combo	3.99
TSB Special	4.49
ICBC	4.49
Kiwibank Special	4.49
SBS Bank Special	4.49
Co-operative Bank - First Home Special	4.55
Kainga Ora	4.59
ASB Bank	4.59
Unity Special	4.59
AIA - Go Home Loans	4.59

ICBC	4.89
Kiwibank Special	4.89
Kainga Ora	4.95
China Construction Bank	4.95
ASB Bank	5.09
TSB Special	5.09
Unity Special	5.09
SBS Bank Special	5.09
Nelson Building Society	5.09
BNZ - Std	5.09
AIA - Go Home Loans	5.09

Westpac Special	5.59
ICBC	5.65
Kainga Ora	5.69
TSB Special	5.69
SBS Bank Special	5.69
AIA - Go Home Loans	5.69
ASB Bank	5.69
BNZ - Std	5.79
Kiwibank Special	5.79
Co-operative Bank - Owner Occ	5.89
China Construction Bank	5.99

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AIA - Back My Build	3.34
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Misc

Inland Revenue's tax avoidance draft welcomed

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