The week's tax news in one handy summary.
New Zealand Tax
- Unequivocal rebuttal here from the TWG “Any suggestion that we would deliver a recommendation that would saddle New Zealand businesses with billions of dollars in compliance costs is absurd and is just blatant scaremongering"
- As the publication of the final report approaches the politicking will increase | Sir Michael Cullen's shutdown of Tax Working Group's critics
- Some very interesting points here | Making the extension to taxation of capital effective and practical
- But as my most recent article illustrates governments can get extra revenue in other ways
- No new taxes under National, says Bridges
- The complications arise from trying to be fair & cover all eventualities | TWG members Craig Elliffe and Robin Oliver on the challenges of creating a comprehensive Capital Gains Tax that excludes the family home
- Unsurprising, it's more interesting to see how opinion has shifted since the last TWG | Capital gains tax gets tick from most - but not all - Tax Working Group members
- The International Visitor Conservation and Tourism Levy is one of under the counter taxes I wrote about recently and Brian raises some good counter-arguments | Brian Fallow: Why tax travellers?
- 938 staff left during the year to 30 June 2018 equivalent to 17% of its workforce as at 30 June 2017 | Inland Revenue sheds 770 jobs in 2.5 years - 730 more to go
United States Tax
- A bold move given the ongoing volatility in cryptocurrencies | Ohio becomes the first state to accept bitcoin for tax payments
United Kingdom Tax
- The example of Inheritance Tax is one reason why the TWG isn't recommending reintroducing Estate Duty | Office of Tax Simplification finds UK IHT regime smothered in red tape
I follow interesting tax news stories from around the world and share them on Twitter.
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