Government backs down on tax law 'change by press release'

Mr McClay announced the law change would take effect from the day of his press release but would not be enacted into law until some time this year.

Rob Hosking
Fri, 27 Feb 2015

A tax decision slammed by a former head of Inland Revenue policy as “slipshod” has been reversed after a long behind-the-scenes battle.

The decision, which was announced suddenly last June by Revenue Minister Todd McClay effectively abolished GST for body corporates. This amounted to a law change

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