The week's tax news in one handy summary.
New Zealand Tax
- My understanding is the TWG interim report will be released in the latter part of this month | Mark Lister: Will a capital gains tax backfire?
- More revealing testimony in the Cullen Group tax case | Court hears Caymans used to 'disguise commercial reality' in Eric Watson case
- The Tax Working Group will release its interim report later this month.
- It's almost certain to discuss the issue of capital gains tax. Here's what I had to say on CGT last year
I find it concerning he continued to offend for 20 months after being warned. Inland Revenue should have intervened earlier IMO | Christchurch businessman gambled while tax went unpaid
At the NZLS Tax Conference
- First up is Robyn Rakete from IRD and Fred Ward of Russell McVeagh on transfer pricing
- Fred Ward explaining one of the most controversial changes to the transfer pricing regime
- "That's a really good question" speaker speak for "I don't know" hopefully, as in this case, because question is so specific few would know.
- Contuing the transfer pricing theme Denham Martin and Neil Russ on the new permanent establishment rules
- John Nash from IRD opens the session on international transparency and information exchange with George Brandeis' famous quote
- Change of topic as self-confessed Trekkie Pam Davidson talks about land transactions
- Back after lunch with Jared Otto of Inland Revenue on recent GST developments
- Professor Shelley Griffiths on taxpayer rights, an important, if overlooked aspect of tax law and administration
- Ali Noroozi, the Australian Inspector-General of Taxation gives the closing address
- Robyn Rakete runs through Inland Revenue's approach to transfer pricing reviews. Currently 17 audits in progress with 7 in formal dispute process
- Now Bruce Bernacchi of KPMG and Carmel Peters (IRD) on the new interest limitation rules.
- This next session on IRD's interactions with tax advisers could get a bit lively given the recent complaints about IRD from tax agents. Inland Revenue's latest operational structure
- A reminder of the big changes happening from 1 April next year. Apparently it currently takes 670 days to make a legislative change to a tax act!
- Snapshot of new Inland Revenue website currently being beta tested
- A little light reading on the background advice to Ministers regarding the research & development tax credit
United Kingdom Tax
- Can't see Eric Watson getting a gong any time soon.... | Tax avoiders have been blocked from Queen's honours list, secret government memo reveals
- From 6th April 2019 there are quite significant changes affecting non-residents investing in UK property. I recommend obtaining current valuation for future CGT purposes.
- Just the latest example of the trend towards more disclosure | Belgian Entities Required to Disclose their ultimate beneficial owners before 30 November 2018
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