The week’s tax news in one handy summary.
New Zealand Tax
- One night only! I’m on the panel tonight with Susan, Geoff and Dominic Stephens Westpac’s Chief Economist (in his personal capacity). Should be lively! See you at 7 – we might even talk about something other than CGT!
- Here’s my thoughts on SkyCity’s “voluntary” tax payment | Huge tax risks for SkyCity with offshore online gambling venture
- Andrew Coleman with a counter-argument to the TWG’s argument that capital is under-taxed. Interesting but IMO he doesn’t address the issue of taxing capital gains | The Taxman and Robin rerun show
- Ouch! $51.5 million of tax plus over $60 million in use of money interest | Eric Watson’s firms face bill of at least $112m after losing High Court tax avoidance battle
- I would be very surprised if this decision wasn’t appealed and further action could follow if Inland Revenue does go for hefty shortfall penalties | Eric Watson’s Cullen Group could face years of court battles over multimillion tax judgment
- Here’s me speaking with Kim Savage of Radio New Zealand last night on the case
- Professor Michael Littlewood talking about the Cullen Group decision with Guyon Espiner on Radio New Zealand this morning
- As some of you might be aware I am on the Government’s Small Business Council. If you are a small business owner or manager please take this short Small Business Survey and help shape the NZ small business strategy. Thanks in advance.
- I agree that the timetable for the proposed GST changes is very tight indeed | Tax experts call for one more tax-free Christmas for internet shoppers
- This would suggest under a 3% Digital Services Tax Google would be up for about $18 million | How much Google and Facebook made in NZ in 2018
- This interesting analysis by Keith Ng also serves as an example as to why the TWG didn’t propose a CGT inflation adjustment | How much tax do property investors really pay?
- Taxation (Annual Rates for 2018–19, Modernising Tax Administration, and Remedial Matters) Bill passes third reading. It effectively ends secondary taxation from 1 April & will mean extra 750,000 taxpayers will receive a refund for the 2018-19 year.
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.