Thursday, October 17, 2013

About Taxes

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video

I have been learning and researching about Taxes and IRD ( Inland Revenue Department ) with Miss Wood. We have learnt a lot as ambassadors. This is part of our trip to Wellington because we are very lucky to speak to the IRD members.  I got to learn a lot new things such as, what happens if you don't pay your taxes.  Did you know that the government collects money from those who have jobs? 


                                                               About Taxes
Taxes are money that is given to the government. The government spends the money on good things like for example, Education, Students Loans and Social Security and Welfare.  The government collects the money from the people in New Zealand who have jobs. Some other countries, like Dubai do not even pay taxes , because a king is living there and he is really rich. Student Loans are part of taxes as well. Students ask the government if they can “ borrow" the money. 

Churches can be related to collecting taxes because they collect money from the members from the church and this is used to help the church.   If no-one paid their taxes there may be a chance of going to court.   

If someone leaves the country without re-paying their taxes they will be penalised. 

Ever heard of GST? GST stands for good services and tax. GST is when a shop, gives 15% of money to the government. For example , if you're going to buy a shirt and it costs 50 dollars  , some of the money doesn’t go to the shop, it goes to the government.

3 comments:

  1. What a great deal of information you have found out about the IRD and taxes Josephine. I enjoyed watching your interviews with Mrs Tele'a and Miss King too. You will no doubt have lots of questions to ask when you get to visit the IRD next week.

    Mrs Burt

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  2. Well done Josephine. We have all realised how I important it is to pay our taxes. I really enjoyed working with the ambassadors last week. Enjoy next week and I look forward to finding out what you learnt from the IRD! Miss Wood

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  3. Hi Josephine, I hope you had a fantastic day in Wellington last week. Thank you so for coming to talk to us. You were great. And I love your videos here. You are so right about why it is important to pay tax, so that government has money to spend on important things like schools and welfare. Naomi Ferguson (IRD)

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