This week in tax Inland Revenue issues consultation on habitual buying and selling of land Two Tax Working Group recommendations on feasibility expenditure and shareholder continuity approved Inland Revenue issues Automatic Exchange of Information letters Podcast Transcript [to follow]

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.

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.

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 […]

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 […]

The week’s tax news in one handy summary.  New Zealand Tax More on inflation and thresholds. Worth remembering that in 2005 a similar proposal by then finance minister Sir Michael Cullen was dismissed as “chewing gum tax cuts” | Proposed changes better, but ‘what about the extra billions already paid?’ https://t.co/RqpcPShTk5 Interesting take from Brad […]

The week’s tax news in one handy summary.  New Zealand Tax Some valid points raised but I can’t see assets acquired pre-introduction being excluded. Australia did this & it’s widely regarded as a mistake | Accountants call for changes in capital gains tax draft https://t.co/J349NQw5VF Will be interesting to see what the TWG says on […]