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Inland Revenue

Tax Policy

Other submissions

Issue: Further “black hole” expenditure issues


(Corporate Taxpayers Group)

We support the work undertaken to address certain areas of black hole expenditure. However, there remains a number of black hole expenditure items in the New Zealand tax system that require consideration by officials. A comprehensive solution to black hole expenditure should also be considered.


As noted above, officials’ approach is to consider black hole expenditure issues on a case-by-case basis. A comprehensive solution to black hole expenditure, such as a catch-all provision, is not currently under consideration. Different black hole expenditure issues will require individual policy solutions to ensure that their tax treatment remains neutral, consistent and fair.


That the submission be noted.