Author Archives :Rebecca Caroe
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Govt won’t prioritise any Tax Working Group environmental tax proposals

So, no Capital Gains Tax to rule them all, not even a wafer-thin mint partial extension of the existing bright-line test to cover all residential investment property/holiday homes.  I’m almost certainly not the only one who didn’t see that coming. The other big surprise for me is the decision to not prioritise any new environmental […]

This week in tax, podcast tax, tax podcast news,

18 April 2019 Podcast

The Government announces its decision not to introduce a Capital Gains Tax in this parliament.  Terry runs through the TWG proposals and the implications for New Zealand. 11 recommendations are likely to be implemented by the Inland Revenue. Others such as Environmental, Water and Maori related taxes are not. My articles on the topic published elsewhere: […]

The other tax recommendations the government ignored

Perhaps the Tax Working Group was fatally compromised from the outset when the taxation of the family home was excluded from its terms of reference. My view is that too often proponents of a capital gains tax default to arguing the difficulties and are therefore on the back foot from the outset. Even so, the decision to […]

Farm view, rows of vines, Adele Payman

Will there will be one Capital Gains Tax to rule them all?

In case you’ve not heard, the big news this week is the start of the final season of Game of Thrones.  Oh yes, we also should hear which of the Tax Working Group’s recommendations the Government proposes to implement. Judging from media commentary over the past few weeks “Winter is coming” would not inspire as […]

Tax podcast, Terry Baucher

12 April 2019 Podcast

Terry Baucher summarises the top 3 stories from this week in tax. The Brightline Test and professional advice The Te Ao Māori capital gains tax case It’s tax filing season The case discussed is GG & GE Blackburn Trustee Ltd v Crowe Horwath (NZ) Ltd [2018] NZHC 366 HC Auckland, 8 March 2018. (There’s a […]

Tax podcast, Terry Baucher

5 April 2019 Podcast

Terry Baucher summarises the top 3 stories from this week in tax. Criticisms of TWG proposals on CGT Finance and Expenditure committee hear submissions about online GST and loss ringfencing It’s terminal tax time Podcast Transcript Kia ora! It’s Friday, the 5th of April. Welcome to The Week in Tax! I’m Terry Baucher, a long-time […]

Closed for EAster, Inland Revenue closes for holidays

Terry’s Tax Roundup – 16 – 22 March 2019

The week’s tax news in one handy summary.  New Zealand Tax The headline is dramatic but the article raises very valid questions particularly around the use of the supplementary order paper | Circumventing tax laws will damage our democracy https://t.co/y6Yg0nkdxy I envision the rate being changed swiftly depending on how the tech companies respond | […]

Terry’s Tax Roundup – 8 – 15 March 2019

The week’s tax news in one handy summary.  New Zealand Tax One night only!  I’m on the panel tonight with Susan, Geoff and Dominic Stephens Westpac’s Chief Economist (in his personal capacity). Should be lively!  See you at 7 – we might even talk about something other than CGT! https://t.co/ae7DkIxNy1 Here’s my thoughts on SkyCity’s […]

tax conference, tax audit, Terry Baucher, ATAINZ

Terry’s Tax Roundup – 23 – 28 February 2019

The week’s tax news in one handy summary.  New Zealand Tax More from me on the TWG’s final report. This time looking in detail at the CGT proposals. Bonus feature: click on the link in the article to listen to me and @JeneeTibshraeny discussing the report https://t.co/oKcSWPItll Just re-upping my initial take on the TWG […]

Inland Revenue, business transformation

Terry’s Tax Roundup – 16 – 22 February 2019

The week’s tax news in one handy summary.  New Zealand Tax Anyone who thinks tax minimisation planning isn’t already happening is frankly naive | Capital gains tax debate heating up: final recommendations out on Thursday https://t.co/MQ7Hz6AY6r There’s more happening this year in tax than the Tax Working Group’s final report – April in particular looms […]