The week's tax news in one handy summary.
New Zealand Tax
- Those subject to the FIF regime would beg to differ that "Investment housing is currently taxed under the same rules that generally apply to other investments" | Rents will rise or landlords will get out if property tax plan proceeds, landlords say
- What my co-author said :)
- As quoted here my view is the current tax treatment of capital gains is incredibly incoherent | Why the lack of a capital gains tax is letting property companies off lightly
- Whether it should be is another question | And New Zealand’s biggest taxpayer is…
- Plenty to mull over here in this interesting piece by @GarethHVaughan Seems surprising to me that Mastercard & Visa can sidestep the requirement to file audited statements with Companies Office
- One of the issues the Tax Working Group will consider in depth | New Zealand should tax sugary drinks - researchers say
- Very thought-provoking | Māori and the Tax Working Group: how do we make the system more fair?
- Some left-field thinking here on tax from @mdnharris but ideas all worth considering | A crazy little thing called tax
- New Zealand is rated as compliant. The OECD report can be read online at
- There's a debate to be had but I'd suggest David Seymour's contribution isn't that insightful if you talk of tax as violence, mention Nazis and the Internal Revenue Service in the same sentence yet never voted against measures raising taxes or giving the IRD more power
Inland Revenue news
- Interesting yet curious to note that issues paper does not quantify the effect of ring-fencing
- Good overview of the IRD's guidance here from @MinterEllisonNZ IRD publishes income tax guidance for cryptocurrencies
- This involved an eye-watering AUD450 million of falsely created tax losses. Small wonder the sentence handed down was the longest jail sentence ever handed down for tax fraud and money-laundering.
United Kingdom Tax
I follow interesting tax news stories from around the world and share them on Twitter.
These are a selection of our best tweets from the previous week.