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6 Apr 2020 23:05
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  •   Home > News > Rural

    Federated Farmers are asking the Government to change tax legislation for farmers dealing with Mycoplasma bovis

    Federated Farmers are asking the Government to change tax legislation for farmers dealing with Mycoplasma bovis


    Farmers on the National Standard Cost Scheme owning cows culled under notice by MPI are liable for the tax.

    They want rules changed so farmers forced to cull aren't disadvantaged by the tax regime.

    Federated Farmers economic spokesperson Andrew Hoggard says a hefty tax bill isn't fair.

    He says a solution is to let farmers to write the stock as the same values as the animals they replaced.

    © 2020 Newstalk ZB, NZCity


     Other Rural News
     28 Mar: During the coronavirus lockdown many farmers are still struggling with Mycoplasma bovis
     24 Mar: Heightened health protocols will cause only minor hold-ups to Fonterra's milk operations through the four-week lockdown
     18 Mar: Fonterra says demand's still strong for dairy in China, as it weathers its Covid-19 outbreak
     05 Mar: Longstanding Fonterra chairman, John Monaghan, is stepping down from the dairy co-operative's board
     19 Feb: The coronavirus outbreak is continuing to push down global dairy prices
     05 Feb: Global dairy prices have taken a hit, following the outbreak of the deadly coronavirus in China
     15 Jan: The Revenue Minister says he's asked officials to look at the tax issues around Mycoplasma bovis
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