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Revenue Minister Michael Cullen says Labour has made no commitment to introduce a dedicated health tax. It is committed only to exploring the feasibility of the idea.

Steady progress is being made to reduce compliance costs for businesses by implementing initiatives in the discussion document ‘More Time for Business’ and the recommendations made by the Ministerial Panel on Business Compliance Costs, Commerce and Associate Revenue Minister Paul Swain said today.

"Budget 2002 provides $17 million over four years to fund further work by the Inland Revenue Department into simplifying the tax obligations of small and medium sized enterprises," Revenue Minister Michael Cullen said.

Associate Revenue Minister Paul Swain has welcomed the business tax simplification measures contained in a bill introduced today.

Tax rules simplified for school board trustees

The Australian and New Zealand governments are consulting with taxpayers in both countries about possible changes to deal with concerns relating to the taxation of certain trans-Tasman investments.

The Government has simplified the tax rules for hundreds of non-resident contractors who come to New Zealand to work for short periods each year.

The Government has simplified the tax rules for hundreds of non-resident contractors who come to New Zealand to work for short periods each year.

Budget to be delivered on May 23

The prescribed rate of interest used to calculate fringe benefit tax for low interest, employment-related loans has dropped from 7.19 percent to 6.70 percent, Revenue Minister Michael Cullen announced today.