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18 May 2021 16:07
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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.

    © 2021 Newstalk ZB, NZCity


     Other Rural News
     06 May: Dairy farmers have six months to decide on a capital restructure for Fonterra
     05 May: Hopes Fonterra will streamline how farmers buy and sell units
     05 May: The country's largest company is about to make a major announcement on its capital structure
     21 Apr: A blip in international dairy prices isn't rattling Fonterra's boss
     21 Apr: Dairy prices have dipped at Fonterra's latest Global Dairy Trade auction overnight
     07 Apr: Fonterra's Global Dairy Trade auction has recorded a slight rise in prices overnight
     01 Apr: Fonterra has completed the sale of two farming hubs in China for more than 550 million dollars
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