The week's tax news in one handy summary.
New Zealand Tax
- Random thought: should political parties be subject to money-laundering law? | Should anti-money laundering law have a role in tackling international fraud?
- This is the alternative to a CGT, the risk-free rate of return, a variation of the current fair dividend rate regime | Tax Working Group plan for baches a wealth tax that will rob Kiwis of their dream
- The view of the Tax Working Group is that the government needs to be ready to follow others with such a tax | Government should consider the design of a potential digital equalisation tax
- Interesting commentary here on the GST changes from Trade Me | Imposing GST on overseas internet shopping has benefits, says Trade Me
- Note Sir Michael's comments about IRD's resources, a very valid concern IMO | Legislate capital gains tax before election or risk mischief
- Minister of Revenue announces proposed new rules for GST on low-value imported goods - effective from 1 October 2019
United Kingdom Tax
- These are the sort of issues we'll see if a CGT is introduced. OTOH there will be plenty of precedents available | Principal residence relief disallowed while UK home was uninhabited
- Huge news. Importantly this will happen irrespective of Brexit | Two million UK trusts may have to register by 2020 under EU Directive
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.
If you'd like to see all of our tweets, feel free to follow us @BCLTax or join our newsletter to receive this weekly in an email.