Bay of Plenty Times
  • Bay of Plenty Times home
  • Latest news
  • Business
  • Opinion
  • Lifestyle
  • Property
  • Sport
  • Video
  • Death notices
  • Classifieds

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • On The Up
  • Business
  • Opinion
  • Lifestyle
  • Property
    • All Property
    • Residential property listings
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
  • Sport

Locations

  • Coromandel & Hauraki
  • Katikati
  • Tauranga
  • Mount Maunganui
  • Pāpāmoa
  • Te Puke
  • Whakatāne
  • Rotorua

Media

  • Video
  • Photo galleries
  • Today's Paper - E-Editions
  • Photo sales
  • Classifieds

Weather

  • Thames
  • Tauranga
  • Whakatāne
  • Rotorua

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In

Advertisement
Advertise with NZME.
Home / Bay of Plenty Times / Business

Jeremy Tauri: Donations rules deserve change

By Jeremy Tauri
NZME. regionals·
10 Jun, 2015 05:00 PM2 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save
    Share this article
There is tax incentive to donate.

There is tax incentive to donate.

A lot of Kiwis are posting passionately on social media about the problems facing people in New Zealand and overseas.

The subjects include child poverty, recovery from natural disasters, and unemployment.

But though we seem to be saying all the right things, are we putting our money where our mouths are?

Throughout the world donations from individuals and companies support people who are suffering because of poverty, drought, famine and disaster and that money can make a big difference to communities.

The government's quarterly volunteering and donating indicators show that between September 2010 and September 2014, more New Zealanders started donating to charity but donate less on an individual basis now than they did in 2010.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

In September 2010, 38 per cent of us donated an average $98 a month; four years later, 41 per cent donated an average $91.

The median for donations dropped from $42 to $40.

There are tax incentives to making donations. The true power of the donations aspect isn't fully realised until the sums are done to include rebates into this system.

Advertisement
Advertise with NZME.

For example, if half New Zealand's population donated $10 we'd raise $22 million for a dedicated cause.

A third of that, $7.3 million, would be rebated so in effect the net cost of the donation would be $15 million or $6.67 from the $10 donation. One shortfall is that the administration and record-keeping for rebates is outdated. Rebates need to be filed by the individual each year, which is hardly an incentive for a $10 donation. Though individuals are entitled to rebates, companies are entitled to tax deductions for donations. For companies the process is more straightforward as their financial processes capture transactions for tax deductions.

Whatever the process is in the future, continue to make donations to those organisations which need them.

Discover more

Jeremy Tauri: Crunching numbers is vital

12 May 05:00 PM

Jeremy Tauri: Buy soon, because the Jafas are coming

18 May 05:00 PM

Jeremy Tauri: Improved fortunes benefit all

25 May 05:00 PM

Jeremy Tauri: Ensure your business future is well mapped out

03 Jun 05:00 PM
Save
    Share this article

Latest from Business

Premium
Business

New Zealand's top 10 busiest house builders - how they cope with downturn

Premium
Bay of Plenty Times

Opinion: The pros and cons of paying down your mortgage faster

Bay of Plenty Times

A couple bought a house in a holiday hotspot. The woman living there refused to leave


Sponsored

Revealed: The night driving ‘red flag’

Advertisement
Advertise with NZME.

Latest from Business

Premium
Premium
New Zealand's top 10 busiest house builders - how they cope with downturn
Business

New Zealand's top 10 busiest house builders - how they cope with downturn

Numbers are down but thousands of new homes are being built by the leaders in the sector.

06 Aug 10:00 PM
Premium
Premium
Opinion: The pros and cons of paying down your mortgage faster
Bay of Plenty Times

Opinion: The pros and cons of paying down your mortgage faster

03 Aug 04:00 PM
A couple bought a house in a holiday hotspot. The woman living there refused to leave
Bay of Plenty Times

A couple bought a house in a holiday hotspot. The woman living there refused to leave

03 Aug 01:51 AM


Revealed: The night driving ‘red flag’
Sponsored

Revealed: The night driving ‘red flag’

04 Aug 11:37 PM
NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • Bay of Plenty Times e-edition
  • Manage your print subscription
  • Manage your digital subscription
  • Subscribe to Herald Premium
  • Subscribe to the Bay of Plenty Times
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • Bay of Plenty Times
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP