Tax

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Governments and Regulators across the world have been looking to find ways to ensure that companies pay their fair share of tax. Due to the cross-border nature of tax evasion and avoidance, international cooperation in this field is particularly high on the political agenda. 

One such area of cooperation is through International Financial Reporting Standards, such as IFRS 16 and 17. These initiatives aim to improve the financial services market globally and will impact the New Zealand insurance and wealth industry as it works to input into the design of new standards and meet them when introduced.

Closer to home in New Zealand, the Government has set up The Tax Working Group to look into the Future of Tax. The aim of the group is to provide recommendations to Government that would improve the fairness, balance and structure of the tax system over the next 10 years. The group recently issued an interim report on the review of the tax system.
 

Related Items

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News 

The Future of Tax: Insight from the tax working group. See presentations from a recent consultation event set up by the FSC with members from the group.
 

Submission 

Submission to the Tax Working Group on the Future of Tax: Interim Report, Extension of Capital Income to Shares in Companies.
 
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Code of Conduct 

The FSC Code of Conduct has nine code standards that all members sign up to. The code comes into effect from 1 January 2019.
 

Submission

The FSC's submission to the Finance and Expenditure Committee regarding Taxation (Annual Rates for 2018-19, Modernising Tax Administration, and Remedial Matters) Bill.
 
TWG

The Future of Tax 

Find out more about the Future of Tax in New Zealand via the Tax Working Group.

About Us

The Financial Services Council is a non-profit member organisation and the voice of the financial services sector in New Zealand. Learn more
     

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+64 (09) 985 5762
fsc@fsc.org.nz
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23-29 Albert Street
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New Zealand