The week's tax news in one handy summary.
New Zealand Tax
- My latest @interestnz column is a parable about tax involving Metiria, Bill and Winston. Tax evasion, tax avoidance or just a simple mistake?
- As yet we don't know if there will be any changes to the tax treatment of the fund - one of NZ First's election promises | Government will start paying into the NZ Super Fund on Friday
- It appears that some of the firms involved have been under audit for some time | IRD auditing 16 multinational firms over $100m of alleged tax avoidance
- A reminder that this story by @michelle_duff is full of great insights into how Inland Revenue investigations work. Required reading.
- This is a good initiative | Wairarapa tax agent helps IR enhance online services from the inside
- Includes my thoughts about why this is happening | Facebook to change practices following accusations social media giant is dodging taxes via @1NewsNZ
- Part of the new BEPS tax bill. Effective from 1 July 2018| IRD to get tougher powers in multinational tax crackdown
- Or how even the taxman gets his cut! Useful reminder here about entertainment expenses.
- Reverses Budget 2017 proposals & includes a lift in the Working for Families abatement threshold from $36,350 a year to $42,700 a year | Families Package Bill introduced
United States Tax
- The Republicans' tax proposals are a case study in abysmal process & tax policy | Law profs just wrote a delightful, 34-page paper on how people will game the GOP tax bill
- Brutal, although seems to me to be potentially counterproductive | US prosecutors seek tenfold increase in offshore evasion sentences
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.