Terry’s Tax Roundup – 16 – 22 March 2019
Tax podcast, Terry Baucher
29th March 2019 Podcast
Tax podcast, Terry Baucher
22nd March 2019 Podcast
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 | How to focus Facebook and Google on cleaning up their mess? Tax them

https://t.co/eJGmzsDOQX

  • Final reminder for this as the survey closes on Sunday. Thanks in advance.

https://twitter.com/BCLTax/status/1105936570476056582

IRD news

  • It’s over the Easter/ANZAC Day period so actually only two working days will be lost | Inland Revenue to close to the public for a week

https://t.co/kpfAn1bC6F

  • On the facts this was a no-win case for Mr van Uden. I note that shortfall penalties for an unacceptable tax position imposed – Cullen Group should be worried | Globe-trotting sea captain loses tax battle with IRD

https://t.co/HG5bvZARlr

  • This is tempting fate eh? 😁

https://twitter.com/NZInlandRevenue/status/1108111167514439681

International Tax

  • Latest OECD release another example of the increasing resources all tax authorities are applying to tracking offshore income as part of the CRS exchange of information initiative

https://twitter.com/OECDtax/status/1108409446777147398

  • This looks very interesting. It doesn’t cover New Zealand but it does look at Australia as well as the UK and USA. Will be of interest to MBIE & my colleagues on the Small Business Council

https://twitter.com/anna_milanez/status/1108731656666603520

Australia Tax

  • This is a very significant decision for Australian expats and one which will be of interest to NZ expats | Australian court reverses Harding residence judgment, in victory for expat taxpayers

https://t.co/OjANbQ002q

United Kingdom Tax

  • According to this report, in 2018 HMRC received information about the offshore financial interests of around 3 million UK resident individuals, or entities they control | HMRC’s offshore compliance strategy now aims at mistakes and avoidance

https://t.co/ijXZp2J8Np

Europe Tax

  • France is the latest country to propose a new tax for digital companies

https://t.co/UQHAec18x5

  • I’ve felt for some time that Google is an oligopoly so it’s good to see action being taken against it

https://twitter.com/FinancialTimes/status/1108484635137323008

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.

Terry Baucher Terry Baucher is an Auckland-based tax specialist with 20 years experience. He works almost exclusively with high net worth individuals and owners of medium sized and emerging businesses. Prior to starting his own business, he spent six years with one of the "Big Four' accountancy firms including a period advising Australian businesses how to do business in New Zealand.
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