The week's tax news in one handy summary.
New Zealand Tax
- Er, no. McCaw's genius was knowing where the line was & when to cross it. Russell just ignored it. In end IRD actions allowed Russell to play the victim | John G Russell, the man who owed IRD $500 million, remembered as Richie McCaw of accountancy world
- Some excellent points here - cash rather than tax credits is of more use to startups | Why half-baked R&D changes are a finger in the eye to startups and software
- Interesting comments here from the head of policy of CPA Australia about a shift in members' views on the topic | Comment: It's time to look at capital gains tax
- Forthright read here from Brian Fallow on the issue of social assistance/tax interaction | Who said tax was meant to be fair?
Inland Revenue news
- "Our computer system is temporarily unavailable.." Not good enough @NZInlandRevenue
- This month's TIB is a biggie with commentary on the Taxation (Annual Rates for 2017–18, Employment and Investment Income, and Remedial Matters) Act 2018 as well as the latest tax cases of interest
- Okay @NZInlandRevenue no call backs and a current 75 minute wait time as of 10.00 AM today is simply not good enough.
- A very important initiative | OECD has released the first peer reviews of the Country-by-Country reporting initiative
- This is from Australia but IRD would also be looking at the cash economy, cryptocurrencies, home office deductions and property investors. Like the ATO the IRD would probably also look more closely at someone who has changed tax agents a number of times
- NZ will probably share Amazon's Australian website & have less choice | Amazon.com to block Australian consumers from global e-commerce sites, fate for Kiwis unknown
- In order to tax the digital giants this refers to an EU proposal for a flat 3%tax on turnover on companies with revenue over €750,000. Another conundrum for the TWG to consider | Amazon tax 'potentially dangerous', ex-US official tells Australia
- CPA Australia's submission to the ax Working Group can be found at
United Kingdom Tax
- Another case of 'The Mounties always get their man'
- Pretty high stakes here; the proposed registers would seriously undermine the BVI's trust industry | BVI appoints Withers to challenge UK on public beneficial ownership registers
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.