|
|
|
|
About Husqvarna
The
Husqvarna Group is the world's largest producer of chainsaws,
lawn mowers and other petrol-powered garden equipment such as trimmers
and leaf blowers, as well as one of the world's largest producers
of garden tractors. Husqvarna is also one of the world's largest
producers of cutting equipment for the construction and stone industries.
The product offering comprises equipment for both consumers and
professional users.
Husqvarna Outdoor Products,
PO Box 76-437, Manukau City, Auckland
|
|
Business and environment friendly tax changes
Ian Cairns
New
Zealand Tree Grower November 2005
Farm foresters could benefit from recently announced tax changes. These
changes are designed to encourage environmental expenditure and site
restoration, such as riparian and other new bush or forestry planting.
A number of elements in the tax changes are relevant to climate change.
For example sections relating to tree planting and investment in
capital expenditure for the removal of carbon dioxide.
A key change is the provision for business tax payers to establish site
restoration funds. Businesses may choose to divert some of their tax
payments into the fund which will give rise to tax deductions over the
operating life of the business. When a tax payer incurs expenditure to
rectify discharges of contaminants – including carbon dioxide – they
will be able to apply for a refund from the restoration
fund.
Other changes include deductions for –
- Expenditure on investigation and testing locations and methods
for an
activity or improvement that is intended to avoid, remedy or mitigate
detrimental effects on the environment from the discharge of
contaminants
- Expenditure related to monitoring discharges, their effects and
monitoring effectiveness of solutions
- Deductions for capital expenditure to include planning and
construction of tanks, pipes impermeable surfaces and machinery or the
like, and also costs associated with the planting of trees and other
vegetation for the purpose of avoiding, remedying or mitigating effects
on the environment from the discharge of contaminants.
The changes will be effective for expenditure incurred after the
legislation is enacted.
If you would like to know about these changes, you could ask your
accountant or visit the following websites
www.mfe.govt.nz
or
www.ird.govt.nz/aboutir/newsletters
(top)
