New Zealand is lagging behind Australia, Britain and the US when it comes tax exemption rules for charities that turn a profit.
- Senior Lecturer, Accounting Department, Auckland University of Technology
Some churches operate huge business enterprises and collect rent on extensive property holdings. This income isn’t taxed.
New Zealand needs to follow international precedent and make it expensive for investors to keep properties empty.
Overseas experiences suggests a targeted system using smart cards for buying fruit and vegetables would be more effective than broad-brush changes to the tax system.
Under the uncertain economic conditions of the pandemic, a voluntary disclosure program for overseas income could protect New Zealand’s small businesses — and promote tax honesty at the same time.
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