Iain Blakeley

Barrister - Tax Expert - Business Adviser - Director, Professional, Practical, Fast, Affordable

Fat tax

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GSTĀ on gifts (so Santa is probably not GST registered). 2. GSTĀ registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

Fat taxes have support

A NZ Herald/Digi Polls finds support for fat taxes: http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=11298134 To have any real behavioural impact a fat tax needs to be at least 20%: http://iainblakeley.com/tag/fat-tax/ Iain

Fat taxes

"Unhealthy diets are now a greater threat to global health than tobacco" - said UN Investigator Professor Olivier de Schutter to the World Health Organisation annual summit on 19 May. http://www.reuters.com/article/2014/05/19/us-health-food-idUSKBN0DZ15H20140519...

12 GST thoughts of Christmas

12 GST thoughts of Christmas: 1. There's no GST on gifts (so Santa is probably not GST registered). 2. GST registered businesses can claim back the GST on gifts they buy for staff, suppliers and customers. 3. If you buy someone a gift voucher for Christmas it's quite...

Eating Australian style

The Australian Tax Office has updated their GST Food List. The 86 page Food List details from 'A' to 'Z' the GST treatment of hundreds of food items. It is necessary because in Australia some foods are subject to GST and some are not. For example, a fruit bun with a...

Fat tax

KFC sold 16000 Double Down Burgers in the first three hours of its release in New Zealand. The NZ Government collected $16,486 of GST in three hours from one product. With similar sales levels the annual tax take from Double Downs could be more than $24,000,000. This...