The week’s tax news in one handy summary.
New Zealand Tax
- Abrupt changes of tax policy to shut down perceived abuses are a fact of life, but if a landlord is continuously running at losses how is that sustainable? | Leicester Gouwland: Another blow for residential landlords
- Broadly what I had expected to see, but there will be a lot more to the TWG report than CGT. A few surprises ahead for many I think | Capital gains tax – what we know about how it would work
- Ikea’s “interesting” corporate structure means it probably will pay very little income tax | How much tax will Ikea pay in NZ?
- On charities, the Tax Working Group’s interim report had some interesting commentary on the issue. Charities can expect more Inland Revenue scrutiny in the future.
- Mike Shaw discusses the issue of how the TWG proposes a CGT would treat inflation | NZ in danger of getting world’s harshest capital gains tax?
- As this article illustrates, the Tax Working Group report was the easy part… | Is capital gains tax a hill that Labour is willing to die on?
United States Tax
- This would be a huge relief for US citizens in NZ who face a quite unreasonable compliance burden | Proposed legislation could help prevent double taxation exposure for US citizens
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.