On 17 October 2018, the Racing Minister, the Rt Hon Winston Peters, announced proposed changes to the tax treatment of bloodstock. The changes were introduced by way of Supplementary Order Paper (SOP) No 135to the Taxation (Annual Rates for 2018–19, Modernising Tax Administration and Remedial Matters) Bill (72-1). The Bill is currently before the Finance and Expenditure Committee with a report-back date of 3 January 2019....
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