2013 Tax Expenditure Statement
Published 5 Jul 2013
The purpose of this statement is to provide additional transparency around policy motivated 'expenditures' made through the tax system. Tax expenditures take the form of an exemption, allowance, preferential tax rate, deferral or offset that reduce a tax obligation to achieve a specific policy objective.
This is the fourth successive release of tax expenditure data; 2010 was the first time New Zealand released tax expenditure data since 1984. This voluntary disclosure fills an obvious weakness in our current transparency arrangements by bringing New Zealand's financial reporting closer to OECD best practice standards. As with other disclosures, additional tax expenditure transparency is not intended to be a statement of policy effectiveness or desirability.
| Browse Section/Chapter | Download/Page Range |
|---|---|
IntroductionChanges from Previous StatementsWhat Is a Tax Expenditure?Current Tax ExpendituresTax Expenditures CategorisationTax Expenditures Included in the Income Tax Act 2007Approved Appropriated Spending Made through the Tax System |
b13-taxexpstmt.pdf (137 KB) pp. 1–15 |
