New Zealand: “Tax working group” review of tax system - KPMG Global
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New Zealand: “Tax working group” review of tax system

New Zealand: “Tax working group” review of tax system

The Sixth Labour Government has released terms of reference and appointed the chair for the third broad review of the New Zealand tax system since 2000—all following a new government’s election.


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A key objective of the tax working group is “fairness”—how income, assets, and wealth are taxed and promoting the right balance between the productive and speculative economy. Another main objective is raising sufficient revenue to fund government expenditure at around 30% of GDP.

The terms of reference also direct the 2017 tax working group to specifically consider:

  • The economic environment that will apply over the next five to 10 years
  • The taxation treatment of housing and land (other than the family home)
  • Whether a progressive company tax rate could improve the business environment
  • The role of taxation in delivering positive environmental and ecological outcomes


The 2017 tax working group’s scope excludes consideration of raising tax rates, taxing the family home or inheritances, the interaction between tax and social policy, the base erosion and profit shifting (BEPS) tax reforms and Inland Revenue’s business transformation.


Read a December 2017 report [PDF 242 KB] prepared by the KPMG member firm in New Zealand

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