The week's tax news in one handy summary.
New Zealand Tax
- Couple of perspectives on this issue. One of the arguments in favour of a land tax is it would encourage better use of housing | Should we tax the ghost homes of New Zealand?
- Looks like we'll have to wait until the trial in August to find out more | Watson keeps tax dispute court file closed
- As Mr Bradbury notes it will come down to the design | Capital gains tax 'sensible' and fair for NZ, says OECD official
- From next year Google will be reporting its NZ income on a different basis and we should then see its real ad revenue | Google claims another loss for NZ operations
- The Tax Working Group could do worse than hear from David Bradbury, head of the Tax Policy and Statistics Division at the OECD | Making the tax burden fairer for New Zealanders
- Interesting commentary here on new transfer pricing rules | OECD backs NZ tax plan in face of critics
Inland Revenue news
- Would definitely recommend this to anyone wondering if they're due a tax refund and whether to use a tax refund company. Note though that Inland Revenue indicates there will be a month or so wait between filing PTS and receiving the refund.
- In short we're not happy | IRD changes cause more issues for tax agents
- Following on from the Radio New Zealand story here's Jeff Owens on how IRD is undermining relationships with taxpayers and their representatives
- Packed @NZInlandRevenue Agents Answers for June includes notes on the families package, standard-cost household service for boarding service providers. employee share schemes and information sharing under the Common Reporting Standards
United States Tax
- The US isn't part of the AEOI but that won't stop the IRS flexing its muscles | US launches international compliance campaigns
- Remember FATCA is non-reciprocal so watch this space | US could face EU blacklist in 2019
United Kingdom Tax
- If you've seen 'The Untouchables' it was a separate set of ledgers that did for Al Capone (played by a frankly terrifying Robert De Niro) | Little silver book brought down £16m tobacco tax fraudsters
- Here's an interesting take | Does GDPR give beneficiaries the right to be told they are named in a will?
- Interesting to note these transactions are 10 or more years old. Wheels of tax justice grind slowly the world over it seems | Kiwi charged in Germany over alleged tax scandal
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.