Making tax simpler

Making tax simpler

Paul Dunne – KPMG National Managing Partner, Tax

Paul Dunne, KPMG’s National Managing Partner for tax, “welcomes the release of the Government’s Making Tax Simpler Green Paper. As the Minister for Revenue has said, Inland Revenue’s Business Transformation is more than an IT project.”

Business plays a significant role in the tax system. It collects tax for the Government from employees, investors and consumers. It also pays significant amounts of tax.

The changes will put much more focus on how business does this. It will also increase the demand for business to provide Inland Revenue with real time information.

Paul said, “It is often easy for business to ignore tax proposals until there are concrete changes to the law.” With this latest discussion document, “businesses need to sit up and take note now. Once the future direction is set, it will be too late to complain that desirable and achievable benefits for business have not been met.”

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