NZPA March 26, 2010
Legislation allowing income splitting for tax purposes will be introduced to Parliament later this year, Revenue Minister Peter Dunne says. Mr Dunne, leader of the United Future Party which has a support agreement with the Government, has campaigned on income splitting for several years. Today, in a speech to the Tax Agents Institute conference in Greymouth, he said he was going ahead with it. “Also on the agenda is a subject of great personal interest to me, that of income splitting, a scheme which allows families with dependent children to split their incomes for tax purposes, thereby reducing their overall tax liability,” he said.