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Paul Dunne

High marginal tax rates the real challenge

Niko Kloeten | Tuesday December 15, 2009 | 7 comments

Whether income-splitting is introduced or not, something has to be done to tackle high marginal tax rates, according to KPMG tax partner Paul Dunne.

KPMG has released issue two of its publication taxmail, which this time looked at the issues paper on income splitting for couples with children that was released last week.

It followed the income splitting discussion document issued by the previous government last year and was part of the confidence and supply agreement between National and United Future.

NZ corporate tax rate seventh highest in OECD

Niko Kloeten | Thursday October 22, 2009 | 2 comments

New Zealand’s corporate tax rate is one of the highest in the OECD but its GST rate is among the lowest, according to a survey released by KPMG.

The KPMG 2009 Corporate and Indirect Tax Rate Survey found New Zealand’s 30% corporate tax rate is the seventh highest in the OECD, with Japan (40.69%) then USA (40%) the highest.

Ireland (12.5%) offered the lowest rate, followed by Iceland (15%).