New Tax Working Group established

A Working Group has been established by the government to consider the medium-term direction of the tax system, including assessing policy options.

"A strategic review of the tax system is necessary - particularly in light of the challenges posed by the current economic and fiscal environment and our medium-term goal of a 30% top personal tax rate," Finance Minister Bill English said.

It will consider the government's medium-term fiscal position, the pros and cons of possible reform options and whether or not any of these should be dismissed as unworkable.

The aim is to identify issues that need to be considered when reviewing medium-term tax policy, rather than to make specific policy recommendations. Topics to be considered include the fiscal framework, and the structure of personal income tax, corporate tax, GST and tax integrity.

The Tax Working Group will be chaired by Victoria University Pro Vice-Chancellor and Dean of the Faculty of Commerce and Administration, Professor Bob Buckle.

The private sector and academic experts on the group will include Rob Cameron, Paul Dunne, Arthur Grimes, Rob McLeod, Gareth Morgan, Mike Shaw, Geof Nightingale, Casey Plunket, John Shewan, Mark Weldon, John Prebble and David White.

What do you think the Group should consider and what changes should be made to tax policy?

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