Labour confirms legislation for Bed Tax; costs to be detailed
What happened
Barbara Edmonds confirmed that Labour must draft legislation to allow councils to implement a Bed Tax, as councils currently lack the ability to do so. Edmonds stated the legislation must define the tax rate and specify which forms of accommodation will be taxable. Simeon Brown also discussed the costs associated with the proposed tax.
From scoop.co.nz
Why it matters
The proposed Bed Tax is expected to affect domestic travel. The legislation requires defining the tax rate and scope, which will determine how much more holidays and events cost for New Zealanders.
A proposed bed tax policy is expected to affect domestic travel.
From scoop.co.nz
Who's involved
- Barbara EdmondsConfirmed that Labour needs to draft legislation to implement the Bed Tax.
- Simeon BrownDiscussed the costs associated with the proposed Bed Tax.
- local governmentMust lead the implementation of the new Bed Tax.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- local governmentSpeculative
Local government might face changes in revenue streams as they lead the implementation of the Bed Tax.
- Inland RevenueSpeculative
Inland Revenue could need to establish new collection mechanisms to manage the Bed Tax.
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The entities involved
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Barbara Edmonds
New Zealand Labour Party politician elected in 2020
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Simeon Brown
New Zealand politician