New Platform facilitates faster processing of payments

New Platform facilitates faster processing of payments

  Westpac Institutional Bank Government services will be among the big winners under the New Payments Platform initiative that enables faster payments and smarter use of consumer data. Imagine flood victims getting emergency payments from government in a matter of seconds. Such a scenario is now more than just a pipedream. Revolutionary Change A revolutionary change in payment processing is…

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New Socialist Organisation launched

Supplied Content ‘Organise Aotearoa,’ a new socialist organisation for all of Aotearoa,was publicly launched recently. The group is composed of Māori, Pākehā, and tauiwi, with the goal of undoing the violence inflicted by colonialism and capitalism. “Organise Aotearoa aims to take back power for ordinary, working-class people,”Spokesperson Emilie Rakete said. “We live in a wealthy, secure country. Nobody should have…

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IRD says Oxfam report on pharmas misleading

IRD says Oxfam report on pharmas misleading

The Oxfam report claiming pharmaceutical companies in New Zealand are underpaying tax by some $21 million completely misrepresents the situation here says Inland Revenue Department (IRD) international Strategy Manager, John Nash. “Obviously we cannot comment on specific taxpayers but taking a global profitability figure and applying it across the board, as this report does, cannot illustrate what’s really happening in…

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IRD affirms close watch over property investors

IRD affirms close watch over property investors

Richard Owen Any suggestion that the Inland Revenue Department (IRD) has taken its eye off the ball when it comes to property investors is thoroughly misleading. Just under 100 Inland Revenue compliance specialists are focused on making sure property investors are aware of their tax obligations – including the bright-line test. The Property Compliance Programme was established in 2008. Some…

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