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	3.95
SBS FirstHome Combo	4.19
ICBC	4.49
Co-operative Bank - First Home Special	4.55
Unity Special	4.59
Kainga Ora	4.59
ASB Bank	4.65
AIA - Go Home Loans	4.65
BNZ - Std	4.65
Co-operative Bank - Owner Occ	4.65
SBS Bank Special	4.69

ICBC	4.89
China Construction Bank	4.95
Kainga Ora	4.95
Unity Special	5.09
Nelson Building Society	5.09
Westpac Special	5.19
BNZ - Std	5.19
SBS Bank Special	5.19
ASB Bank	5.25
AIA - Go Home Loans	5.25
TSB Special	5.25

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

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	5.75
Kiwibank Special	5.75
Kiwibank	5.75

Misc

Inland Revenue's tax avoidance draft welcomed

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