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Individual Income Tax Reform in China: Reflections on New Zealand’s Experience

Journal of Chinese Tax and Policy

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Title Individual Income Tax Reform in China: Reflections on New Zealand’s Experience
 
Creator Adrian, Sawyer
 
Description New Zealand (NZ) has taken a path towards tax simplification withrespect to individual taxpayers who are not involved in business or self-employed,since the mid-1980s, following the election of the Fourth Labour Government in1984. The governing principle has been to enhance efficiency and reducecomplexity from the perspective of the NZ Government and Inland Revenue, whileplacing less weight on potential equity issues. This has seen the removal ofdeductions for wage and salary earners, the removal of the need to file returns(accompanied by personal tax summaries) for those with income taxed at source,and formalising self-assessment. For individuals who are in business or selfemployed, the drive more recently has been to reduce their compliance costsfollowing significant tax reform since 1984, while retaining their ability to claimdeductions. This differential approach has placed greater emphasis on theemployee versus self-employed distinction. Going forward, Inland Revenue, inconjunction with the NZ Government, is embarking on the largest IT-focussedproject in NZ’s history – the Business Transformation Programme – that isintended to take tax administration well into the 21st Century. Furthersimplification, greater withholding accuracy, and an online environment as theprimary interface between Inland Revenue and taxpayers, are key themes. Thuslike the Peoples Republic of China (PRC), NZ is undertaking significant reform ofthe way individuals will engage with, and meet, their tax obligations.
 
Publisher Journal of Chinese Tax and Policy
 
Contributor —
 
Date 2018-05-22
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Identifier https://openjournals.library.sydney.edu.au/index.php/JCTP/article/view/12742
 
Source Journal of Chinese Tax and Policy; Vol 6, No 1 (2016): Chinese Tax and Policy 10
1839-065X
2205-2550
 
Language en
 
Rights Copyright (c) 2018 Sawyer Adrian