Terry’s Tax Roundup – 1 – 7 February 2019
Small Business Council , Jacinda Ardern , Stuart Nash
Terry’s Tax Roundup – 8 – 15 February 2019
NZ tax, tax brackets increase, tax and inflation?
Terry’s Tax Roundup – 23 – 31 January 2019
New Zealand Dollar coin

Terry’s Tax Roundup – 1 – 7 February 2019

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 Olsen on the threshold indexation issue. As he also notes the TWG “is potentially a good catalyst for getting us, as a country, to have a much deeper conversation about tax” | Who shoulders the burden of New Zealand’s tax bill?

https://t.co/gTIh1yz5nB

  • Er no. Statistics from Australia, the UK and the US all show the biggest proportion of gains are declared by the wealthy | The reality of capital gains tax is that the lion’s share is paid by the middle

https://t.co/w64TqS7oP1

  • Tom Pullar-Strecker with the TWG’s findings on the topic | Wealthiest Kiwis would pay vast majority of capital gains tax

https://t.co/LyhX6XfrEF

IRD news

  • First impression is that this is a good rough & ready approach from @NZInlandRevenue |  Simplified tax for short-stay accommodation providers proposed

https://t.co/XOVA0TgQGW

International Tax

  • The TWG was cautious about such a tax in its interim report.  But things are moving fast in this space so it will be interesting to see its final position

https://twitter.com/guardian/status/1092025831394865153

United States Tax

  • Relative to yield the  compliance costs for FATCA are unjustifiably large. Furthermore it’s a non-reciprocal agreement (although the IRS does share information on request) | Taxing times for US nationals abroad

https://t.co/v5sc0hqExO

Australia Tax

  • Bracket creep is also an issue in Australia. Interesting detail about indexation of alcohol, tobacco and fuel taxes. | The Kiwis and Canadians are beating us at tax reform

https://t.co/NT6q3pm1ZK

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. 

If you’d like to see all of our tweets, feel free to follow us @BCLTax or join our newsletter to receive this weekly in an email.

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