The Week In Tax

This week are corporate tax cuts on the Government’s agenda? Could our digital services tax be a target under President Trump? And the UK grants an extra concession on its controversial non-dom reforms.

The Government announces a new Digital Nomads visa but will it make any difference to the existing tax treatment? Potentially big changes afoot for US citizens tax resident outside the US and the latest Inland Revenue consultation on depreciation.

President Trump sets the tone for the tax year by withdrawing America from the OECD Two-Pillar international tax proposal and fires a warning shot about retaliatory tax proposals. Meanwhile is the recent increase to the International Visitor's Levy a harbinger of things to come? Inland Revenue's crackdown on parents receiving overpayments of working for families credits.

Inland Revenue releases an issues paper on addressing the problems the foreign investment fund regime presents for migrants and US citizens and we look back at the year in tax

This week the Minister of Finance reveals that changes to the tax treatment of charities will be announced in next year’s Budget, more feedback on Inland Revenue’s proposed long-term insights briefing and are cryptoassets held in offshore exchanges covered by the transitional resident’s exemption?

2024 peer review update from the OECD on the Automatic Exchange of Financial Account Information and how Inland Revenue is using that data Inland Revenue releases feedback on the scope of its next long-term insights briefing together with a summary of the submissions we received. What has Roger Douglas got to say? More on last week's podcast with guest Andrew Paynter

My guest this week is Andrew Paynter, a policy advisor at Inland Revenue and co-winner with Matthew Seddon of this year's Tax Policy Charitable Trust Scholarship. The Tax Policy Charitable Trust was established by Tax Management New Zealand and its founder Ian Kuperus to encourage future tax policy leaders and support leading tax policy thinking in Aotearoa. Andrew’s proposal is to increase the ra...

This week, the Government’s tax and social policy work programme is announced, more on Inland Revenue’s crackdown on Student Loan debt, and why we might need to pay more tax

An in-depth look at Inland Revenue's latest report - a good year overall but rising tax and student loan debt remains an issue.

Rachel Reeves, the first ever female Chancellor of the Exchequer delivers a UK Autumn Budget with potentially significant implications for many Kiwis and Britons who have migrated to New Zealand. Meanwhile Inland Revenue's crackdown on tax evasion continues.

This week, surprising stats around the number of taxpayers reporting foreign investment fund income, the winners of this year's Tax Policy Charitable Trust Scholarship are announced and a preview of next week’s United Kingdom Budget

This week notes from a joint podcast with www.interest.co.nz with Dr Andrew Coleman on his proposal for funding the rising cost of New Zealand Superannuation. Time for a KiwiSaver 2.1? Inland Revenue is consulting on deduction notices - time to rethink their use How many anonymous tip-offs each year does Inland Revenue receive and how many businesses is it auditing?

This week my guest is Matthew Handford, a solicitor in the Mayne Wetherell tax team and another of the four finalists for this year's Tax Policy Charitable Trust Scholarship competition. The Tax Policy Charitable Trust was established by Tax Management New Zealand and its founder Ian Kuperus to encourage future tax policy leaders and support leading tax policy thinking in Aotearoa. Matthew is prop...

This week, we look at the OECD’s 2024 edition of Tax Policy Reforms, the ACC crack down on overseas earners, Inland Revenue responds to criticism of its use of social media and not only will you earn more in Australia, apparently the tax refunds are bigger, or are they?

This week Inland Revenue releases draft guidance on FBT and motor vehicle travel between home and work, the Two-Pillar solution for international tax inches forward, and the capital gains tax debate gets spicier.

In te Wiki o te Reo Māori, Māori Language Week, we look at Māori taxation and business. Is the current GST threshold holding back small businesses? More evidence of Inland Revenue’s crackdown on non-compliance and new research fuels the debate about taxing capital.

The taxation of capital is back in the news. Should the New Zealand Superannuation Fund become tax exempt? Inland Revenue is under scrutiny for its use of social media. A bad week for Apple and Google in the European courts Inland Revenue releases an intriguing consultation on GST and management services supplied to managed funds

My guest this week is Claudia Siriwardena one of the four finalists for this year's Tax Policy Charitable Trusts Scholarship. We discuss her proposal for a simplified fringe benefit tax regime for small businesses

The Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Bill is released Insights from 10 years of Inland Revenue's transfer pricing questionnaires Inland Revenue starts knocking on doors about overdue tax debt

This week, Inland Revenue consults on the scope of its next long-term insights briefing. How to deal with recipients of paid parental leave with tax underpayments A bizarre tax avoidance case from the UK involving snails

This week Inland Revenue cranks up the pressure on liquor outlets, issues draft guidance on the taxation of share investments and tax and the Olympics, a cautionary tale involving Snoop Dogg

This week, an inland revenue ruling highlights the care needed when using look-through companies, I answer a reader’s question and I celebrate 20 years in business with a look back at the last 20 years in New Zealand tax.

Matthew Seddon, one of this year's finalists in the Tax Policy Charitable Trust prize competition, discusses his suggestion to expand the withholding tax regime to contractors. This is one way of addressing the tax gap identified by the last Tax Working Group in 2018.

This week Inland Revenue’s updated property tax decision tool and the potential implications for shared housing Increasing doubts about the international tax deal, is it time to revisit first principles? Is our international tax regime turning migrants away?

Latest OECD Corporate Tax Statistics report has a wealth of data including signs that corporate tax rates have stabilised after a long period of decline Inland Revenue releases draft guidance for consultation on identifying relevant item of property for depreciation purposes Further evidence of Inland Revenue's increased enforcement activities