Tax research grant

Press, 10 February 1986, Page 34

Tax research grant

PA Wellington The Institute of Policy Studies at Victoria University of Wellington, was asking for $900,000 over the next three years to continue its tax research, the chairman of the institute’s taxation committee, Mr Malcolm McCaw, said. He was speaking at an official launching by the Minister of Finance, Mr Douglas, of two institute publications on business tax.

Mr McCaw said that, because of the speed of the Government’s major tax reforms, in-depth research was now needed

in business and personal tax. “New Zealand is experiencing now a tax revolution in a shorter time frame than would have been believed possible,” he said. “The institute has therefore been instructed by its board to embark upon a further programme of tax research with a somewhat longer time perspective. “To accomplish this it will need to enlist the support of both the public : and private sector and we are seeking resources in the order of $300,000 a

year for each of the next three years.”

The institute’s new research programme includes the implications of full imputation of company dividends, income from trans-national trading and Investment, a comparative study of capital gains tax, and a study of administrative, and compliance costs of the goods and service tax during the two years after its Introduction. The institute has issued five publications, which had provided a valuable, input to the decision-mak-. ing process :