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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Unity First Home Buyer special	3.99
SBS FirstHome Combo	3.99
ICBC	4.25
TSB Special	4.39
Co-operative Bank - First Home Special	4.39
SBS Bank Special	4.49
Unity Special	4.49
ANZ Special	4.49
Westpac Special	4.49
Kiwibank Special	4.49
Co-operative Bank - Owner Occ	4.49

Kainga Ora	4.49
ICBC	4.59
Nelson Building Society	4.67
Unity Special	4.69
ANZ Special	4.69
BNZ - Std	4.69
Wairarapa Building Society	4.79
Westpac Special	4.89
SBS Bank Special	4.89
Kiwibank Special	4.89
Co-operative Bank - Owner Occ	4.89

ICBC	4.99
Kainga Ora	5.15
Westpac Special	5.29
ASB Bank	5.69
TSB Special	5.69
BNZ - Std	5.69
SBS Bank Special	5.69
Co-operative Bank - Owner Occ	5.69
AIA - Go Home Loans	5.69
Kiwibank Special	5.79
Westpac	5.89

SBS FirstHome Combo	3.29
AIA - Back My Build	3.34
SBS Construction lending for FHB	3.74
CFML 321 Loans	3.95
Co-operative Bank - Owner Occ	4.99
Co-operative Bank - Standard	4.99
Heartland Bank - Online	5.30
ICBC	5.39
Kiwibank - Offset	5.65
Kiwibank	5.65
Kainga Ora	5.69

Misc

Inland Revenue's tax avoidance draft welcomed

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