Friday, March 20, 2009

Charity begins at the IRD

In today's Herald, the Mactional Government are still banging on about widening tax rebates/loopholes for charitable donations.
This despite the fact that studies have shown that for most people, the incentive of a tax rebate is low on their list of reasons for giving.

When in opposition, National made noises about how 'complicated' the tax system is and how it needed to be 'simplified' yet now in Government, they want to add an additional layer of complication of which the net benefit to the country will be close to zero. However companies and individuals will now have new ways to avoid/evade paying tax by claiming rebates for 'gifts' that were going to given anyway or imagined 'gifts in kind' that do not exist except on a filed tax return.

In a rather hamfisted way I did try make this point in a comment at The Standard yesterday, but as is traditional amongst Standardnistas it was ignored in favour of calling people 'fuckwits' and 'pricks'.

12 comments:

Anonymous said...

I just find the whole process irritating because I re-donate the rebate or try to include it in the original donation and hope that my tax refund comes through (and the charity doesn't lose their deductable status by irritating the Australian govt) . It would be easier all round if they just removed even more of the available deductions.

(FWIW, if you dislike the NZ tax overhead cost take a look at Australia)

Moz

Alix said...

GO TO-
free_ben_and_olivia@live.com
TYPE IN PASSWORD-
Freebenandolivia
DO IT SOON AND SEE WHAT THE GOVERNMENT ARE HIDING BEHIND OUR BACKS.
Government have stalled my emails. Check tonight before the email address closes.
Download information- Do not publish any information.
But beware of the MEAnz cover-up.
Read draft folders- open all folders- take information.

Sorry about spelling mistakes on email account- rushed job.

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