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The Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Bill was introduced in Parliament today. The Bill proposes measures relating to the collection of employment and investment income information, reforms to the taxation of employee share schemes, adds five charities to the list of donee organisations in schedule 32, and includes numerous other policy and remedial changes to tax legislation.
For more information see the Minister’s media statement, the Bill and its commentary, and regulatory impact statements.
Also published today is a summary of submissions from the investment income information consultation undertaken in July 2016, and Cabinet papers relating to the Making Tax Simpler consultation, feedback and decisions.
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