The week's tax news in one handy summary.
New Zealand Tax
- The changes are fairly significant especially around disclosure - expect to see more litigation as a result | New Zealand trust reform Bill advances to next parliamentary stage
- Earlier intervention by IRD would deal with many of these issues | Leicester Gouwland: Directors could pay the price over proposed tax changes
- A welcome move as although local government taxation isn't popular it needs review | House price 'windfall' tax suggested to pay for trains, roads
- To give an idea of the scale from next April up to 1.67 million people could expect to receive a refund | Inland Revenue launches public campaign to explain the biggest tax changes in a generation
- Given it will affect over a million taxpayers it's an important campaign | IRD to spend almost $4m to explain 'biggest tax change in a generation'
United Kingdom Tax
- Well that would be an interesting OIA request for @NZInlandRevenue | HMRC spends more than £10,000 over five years on flowers to apologise to taxpayers for its mistakes
- Not a birthday present he's likely to forget...
- This stems from an EU proposal that financial centres should abolish tax regimes that 'facilitate offshore structures which attract profits without real economic activity’ | Investment funds in Crown Dependencies must take care over 'substance' legislation
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