The week's tax news in one handy summary.
New Zealand Tax
- Tax Working Group Chair’s address to the International Fiscal Association's conference. Key point is the forthcoming Submissions Background Paper
- These became more popular when the top individual tax rate was 39% when the rate for super schemes was 33% | Private super schemes are MPs' bridges to wealth
- Suggestion of tax concessions is very hopeful but pressure on NZRU is huge | Rugby to form working group and confront contracting nightmare
- Accountants will be subject to the Anti-Money Laundering and Countering Financing of Terrorism Act from 1 October 2018. But is it being properly resourced. Department of Internal Affairs has only 8 enforcement officers at present.
- Focus on CGT has overlooked what other options could be in the mix | New taxes could change bad behaviours, suggests Sir Michael Cullen
- Here's me talking to Larry Williams last night | Tax consultant says Govt working group should consider 'everything'
- More on what the Tax Working Group could consider | Cullen's tax bombshell food for thought
- Want to know the latest #NZtax and #GST treatment of cryptocurrencies and tax? Sign up for our specialist Crypto and Tax #newsletter for updates
- Some interesting commentary on complexity of new BEPS proposals | Drawing the line on multinational tax avoidance
Inland Revenue news
- The Minister of Revenue also spoke at the International Fiscal Association’s conference over the weekend
- Alternatively, maybe IRD shouldn't have been so keen to cut its investigation staff | Treasury, IRD highlight risks in extending bright-line test
- Here's me with a tax-centric Top Ten. Enjoy
- Yet more evidence of the increased information sharing now commonplace internationally | Canada to allow international sharing of tax information for criminal matters
- I don't know of any similar case in New Zealand | Canada Revenue Agency must pay $1.6M in damages to Nanaimo couple for a ‘malicious’ prosecution
United Kingdom Tax
- These appear very draconian even if targeting money-laundering & corruption. Should be used rarely IMO | UK: Police lose no time in issuing first unexplained wealth orders
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.