Todd McClay has announced he is looking at the possibility of PAYE for business.
Long awaited tax modernisation proposals were unveiled today by Revenue Minister Todd McClay.
A form of business PAYE, along with greater use of withholding taxes to deal with fringe benefits, interest and other investment income has been flagged.
The government is also looking at reversing the move, made in 1998, to allow most New Zealanders to no longer file tax returns.
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