2: Quantified Tax Expenditures and Spending through the Tax System Value of expenditure Value of expenditure of expenditure 2014/15 2015/16 2016/17 Value of Value of expenditure expenditure of expenditure As at April Estimated As at April Estimated As at Estimated Quantified tax expenditures 2012/13 (actual) 2013/14 (actual) 2018 Actual 2018 Actual 2018 Actual 2017/18 (forecast) Charitable or other public benefit gifts by a company: 20 17 30 30 27 27 12 15 15 deduction Charitable or other public 228 239 248 248 252 254 246 258 258 benefits: tax credit Independent earner tax credit 224 226 224 226 221 226 215 226 226 Authorities: donations 0.7 0.9 4.8 4.8 3.7 3.7 1.7 1.7 1.7 Note: measured in $000,000s over March tax years. Italicised values may be incomplete. See the appendix for further information on quantification methods. Value Value of Value of of expenditure of expenditure Appropriated spending expenditure expenditure Value of expenditure Value of expenditure through the tax system 2012/13 (actual) 2013/14 (actual) 2014/15 (actual) 2015/16 (actual) 2016/17 (actual) 2017/18 (forecast) Child tax credit 1.7 1.8 1.3 1.1 0.9 0.8 Family tax credit 2,060 2,015 2,006 1,793 1,723 1,696 In-work tax credit 545 533 511 513 548 532 KiwiSaver tax credit 723 804 855 698 743 830 Parental tax credit 17 18 21 31 30 29 Minimum Family tax credit 12 14 16 14 13 12 Best tax credit - - - - - - Note: These credits are appropriated and are measured in $000,000s over fiscal years.
2: Quantified Tax Expenditures and Spending through the Tax System Quantified tax expenditures Value of expenditure 2012/13 (actual) Value of expenditure 2013/14 (actual) Value of expenditure 2014/15 of expenditure 2015/16 Value of expenditure 2016/17 of expenditure 2017/18 (forecast) As at April 2018 Estimated Actual As at April 2018 Estimated Actual As at 2018 Estimated Actual Charitable or other public benefit gifts by a company: deduction 20 17 30 30 27 27 12 15 15 Charitable or other public benefits: tax credit 228 239 248 248 252 254 246 258 258 Independent earner tax credit 224 226 224 226 221 226 215 226 226 Authorities: donations 0.7 0.9 4.8 4.8 3.7 3.7 1.7 1.7 1.7 Note: measured in $000,000s over March tax years. Italicised values may be incomplete. See the appendix for further information on quantification methods. Appropriated spending through the tax system Value of expenditure 2012/13 (actual) Value of expenditure 2013/14 (actual) Value of expenditure 2014/15 (actual) Value of expenditure 2015/16 (actual) of expenditure 2016/17 (actual) Value of expenditure 2017/18 (forecast) Child tax credit 1.7 1.8 1.3 1.1 0.9 0.8 Family tax credit 2,060 2,015 2,006 1,793 1,723 1,696 In-work tax credit 545 533 511 513 548 532 KiwiSaver tax credit 723 804 855 698 743 830 Parental tax credit 17 18 21 31 30 29 Minimum Family tax credit 12 14 16 14 13 12 Best tax credit - - - - - - Note: These credits are appropriated and are measured in $000,000s over fiscal years.
b18-taxexpstmt.docx