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Where’s my refund?

Top news stories this week Where’s My Refund More about PIE’s What’s FBT   

Terry reviews the “wellbeing” budget

Terry was part of the Budget lockup in Wellington yesterday and he gives us his insights and observations into the 2019 “Wellbeing” budget in The Week in Tax podcast. The differences in approach to planning The budget looks beyond GDP to the 4 “capitals” of wellbeing in the Living Standards Framework The “whole of Government” […]

Don’t end up in court for tax evasion

How not to end up in court defending a $4m tax evasion charge – Investigators from Inland Revenue should not be under-estimated as they are highly skilled, motivated and are looking for pattens e.g. gross profit ratios for similar businesses. Welfare Expert Advisory Group Report released – Up to $5.2 Billion pa needed to overhaul […]

Inland Revenue, Tax Refunds, Automatic tax,

Don’t spend your tax refund!

The Week in Tax – back to normal after the Government’s decision on TWG report? International tax pressure is building to create a Digital Services Tax because OECD’s BEPS initiative is growing consensus. Why you shouldn’t be spending any refund from Inland Revenue that turns up unexpectedly. Unexplained credit balances sometimes are paid to prevent […]

Andrea Black and the Tax Working Group

Andrea joins Terry to talk about what it was like working as the independent advisor to the Tax Working Group.  They discuss whether Inland Revenue is under-resourced; The differences between the 2001, 2008 and 2018 Tax Working Groups as Andrea was involved with all three and whether it was all “worth it”. Episode transcript The […]

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 […]

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 […]

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