The week's tax news in one handy summary.
New Zealand Tax
- The idea of not taxing the inflationary component of interest is something which has been discussed before | There could be a silver lining for savers from capital gains tax
- Lots of good advice here | Sensible steps to avoid a tax-related meltdown
- As the CPA note, quite a bit to consider over the taxation of savings | Capital gains gets tick from Aus tax expert
- The new five year period will apply from the date the bill receives the Royal Assent | Bright-line property tax law change passed in Parliament
- Lots to consider here - looking forward to reading the rest of the series | Tax Heroes: forget the rich list – who pays the most tax in NZ?
- According to data in the Tax Working Group's Submissions Background Paper, the top 33% rate kicks in at 1.2 times average earnings, one of the lowest in the OECD.
- Ten amazing (and big) numbers about tax indeed.
- Lots to mull over here including the lower effective tax rate for companies with significant property portfolios | How much tax did our largest companies pay last year?
- Quick "cheat sheet" primer here on the Tax Working Group
Inland Revenue news
- As 7th April is on a Saturday, payment will be due on Monday 9th April
- More fun reading over Easter! Feedback is due by 11th May | Issues paper on loss ring-fencing for rental properties released
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.