20 Dec 2010

Further tax cut wanted for owners of Maori land

5:00 pm on 20 December 2010

The Federation of Maori Authorities has welcomed a tax cut for Maori land trusts, but says more is needed.

Under urgency last week, Parliament lowered the rate from 19.5% to 17.5%.

FOMA chief executive Ron Mark says that brings it a bit closer to the minimum personal tax rate of 12.5%.

He told Waatea News that most owners of Maori land are on national super; they don't put in tax returns, so they don't recoup the extra tax the Government takes off their shared income.