Feedback sought on taxation of employee share schemes Thursday, 12 May 2016, 4:32 pm
Press Release: New Zealand Government

Hon Michael Woodhouse

Minister of Revenue
12 May 2016
Feedback sought on taxation of employee share schemes

An officials' issues paper seeking feedback on the taxation of employee share schemes was today release for consultation, Revenue Minister Michael Woodhouse says.

Employee share schemes are arrangements that allow employers to provide shares and share options to their employees as part of their remuneration.

"Employee share schemes are becoming a much more popular form of remuneration, so it's important the tax treatment of share schemes is fair," Mr Woodhouse says.

"The proposals in the issues paper seek to modernise the rules, provide a clear basis for tax deductions and address the current under-taxation of certain complex share schemes.

"The current tax treatment can mean there is a lot of uncertainty about the rules and as a result, some people are under or over taxed. The issues paper aims to address that by ensuring tax rules don't pose obstacles to the use of share schemes."

The proposals released for public consultation have been developed to ensure that the taxation of employee share schemes is

- simple, efficient and fair;

- consistent with the taxation of salaries paid in case; and

- fits well into New Zealand's broad-based, low-rate taxation approach

The consultation document, Taxation of employee share schemes is available and submissions close on 22 June.


By Roman R. Manchester

What is the morality of taxation? Most people today have probably never considered that question. Rather, they simply pay their taxes as a matter of duty without ever thinking twice about it. Of course the government has the right to tax us, they tell themselves. It is our civic duty as citizens to pay taxes, others believe.

Is this true, however? Do we have a civic duty to pay taxes, and does the government have the right to tax us?

Americans, by and large, have stopped asking these questions. It is assumed that the government has the right to tax its citizens, and that citizens have the duty to pay those taxes. The Bible is even cited as an authority to keep Christians in line. Our Lord tells those asking him about taxes, Render unto Caesar what is Caesars and to God what is Gods. These words are almost universally accepted as an endorsement for Christians to pay their taxes without question.

The New Mexico Taxation and Revenue Department (TRD) is warning New Mexicans about fraudulent phone calls demanding delinquent tax payments.

The Taxation and Revenue Department has received reports of aggressive and threatening phone calls made by criminals impersonating Taxation and Revenue Employees or Internal Revenue Service (IRS) Agents.

These imposters demand immediate payment of delinquent taxes and threaten taxpayers with arrest if they do not comply. They may also threaten to cancel your driver’s license. The fraudulent phone calls have reportedly appeared on caller ID as the phone number for the Taxation and Revenue Department. However, legitimate phone calls from the Taxation and Revenue Department are scrambled and the call-back number will not appear on caller ID.

If someone calls unexpectedly claiming to be from the IRS or the Taxation and Revenue Department, with aggressive threats if you dont pay immediately, its a scam,” said Taxation and Revenue Cabinet Secretary Demesia Padilla. “If you are contacted by these fraudsters, please report it.”

TRD will never:

        Call about taxes owed without first having mailed you a bill.

        Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.

        Threaten to have you arrested for not paying.

        Threaten to cancel your driver’s license.


If you receive a phone call from an individual claiming to be a representative of the Internal Revenue Service or the Taxation and Revenue Department and the individual makes unreasonable or suspicious requests upon you, please call the call the 24 hour Tax Fraud Hotline at 1-866-457-6789 or your local Taxation and Revenue office. For additional contact information please visit  

The Chartered Institute of Taxation of Nigeria (CITN) has said that transparency, accountability and efficient utilisation of taxes will boost taxation in Nigeria.