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Tax podcast, Terry Baucher

29th March 2019 Podcast

Tax Working Group’s capital gains tax is scrutinised.
We find out how much tax farmers in New Zealand actually pay.
International Monetary Fund challenges Tech companies.

Tax podcast, Terry Baucher

22nd March 2019 Podcast

What might a possible digital services tax look like?
What to do before the tax year end on 31 March 2019.
Inland Revenue’s latest instalment of its ongoing $1.5 billion business transformation.

Google Tax search, search results for tax, Google Tax

How to focus Facebook and Google on cleaning up their mess? Tax them

Imposing a Digital Services Tax will concentrate the tech giants’ minds on their woeful response to the Christchurch massacre. What to do about Facebook, Google and Twitter’s reprehensible failure to stop the live-streaming of a terrorist atrocity and the dissemination of vile images? How about a 20% Digital Services Tax, for starters – effective as […]

Tax podcast, Terry Baucher

15th March 2019 Podcast

Cullen Group law case against Inland Revenue.
The Act to generate automatic tax refunds by Inland Revenue.
Digital Services Tax affecting Google, Facebook adverts booked in New Zealand.

NZ tax on gambling, sky city GST,

Huge tax risks for SkyCity with offshore online gambling venture

SkyCity’s moves to set up an offshore online gambling subsidiary throw up a huge range of questions about just how tax should work in the digital age, writes tax consultant Terry Baucher. The news that SkyCity is voluntarily paying perhaps as much as $40 million in “tax” sounds like someone actually took seriously the remark “Well if […]

Ten years, CGT in NZ,

Taxmageddon! Is there a tax monster on the loose?

When hearing the lamentations about the purported cost and harshness a capital gains tax (“CGT”) will bring, I think of Paul1. Dying of cancer he applied to his UK pension scheme for an early payment.  Paul died before it arrived, but his widow still got to pay the tax on the transfer. I am reminded […]

Tax working group, TWG report, NZ Tax,

A taxing year looms

The year ahead in tax will be dominated by this week’s release of the Tax Working Group’s final report.  The TWG is expected to recommend the introduction of a realisation based capital gains tax to close a perceived major gap in New Zealand’s tax system. The coming debate over CGT will almost certainly drown out […]

OECD Tax Inspectors without borders,

Terry’s Tax Roundup – 16 – 22 January 2019

The week’s tax news in one handy summary.  New Zealand Tax This would be a good move. But I do agree with limiting it to commercial/industrial property | The Tax Working Group: Will it bring back depreciation of buildings? https://t.co/5jDd8eiw2W Interesting story about suggestion that art & other collectibles would be excluded from a CGT. […]

Terry Baucher, Tax Expert NZ, Fiscal Drag

TVNZ interview on Fiscal Drag

Summary of points made by Terry during this 5 minute interview [link to watch]. The trouble with Fiscal Drag as you cross a tax bracket and it’s not adjusted for inflation and so  reduces your take home pay. All the tax brackets need to move up as they haven’t changed since 2010. On an inflationary basis […]