The Week In Tax

Technical Decision Summary considers when leaky building repairs are deductible Some interesting measures in this week's Australian Budget A look ahead to next week's New Zealand Budget

New tax relief measure for flood-hit taxpayers Inland Revenue guidance on the implications of renting a room to a flatmate Provisional tax is due on Monday, what are the rules if you receive a one-off payment

This week economist Shamubeel Eaqub & I look at the Inland Revenue/Treasury reports on the true tax burden of the wealthy. What do these reports reveal and what are the possible alternatives to make a fairer tax system?

Sapere Research Group report kicks off a debate over the true tax burden in New Zealand Internal Revenue Service report on FATCA data gives a clearer picture of how much wealth is held offshore and the returns on that wealth Inland Revenue guidance around the bright-line test for transactions involving family members

A warning about the new FBT exemption for bikes & public transport How the interest limitation rules apply to providers of short-stay accommodation Are tax rises needed to meet impact of climate change & demographic change?

A taxpayer screws around & gets found out by Inland Revenue Is landlording a business like other businesses? Are breast implants tax deductible?

Five suggested actions before the end of the tax year on 31st March. Working for families reform under consideration and why it's needed. Should New Zealand adopt the UK Budget cash accounting for small businesses proposal?

Inland Revenue launches its tax toolbox for tradies to improve compliance in the construction industry The Government introduces a surprise fringe benefit tax exemption The potential implications for New Zealanders from the UK's Spring Budget (PS my apologies for the sudden dead air near the end of the podcast - I forgot Jeremy Hunt's name)

Plenty to consider in Inland Revenue's latest Interpretation Statement on tax avoidance Working from home allowances updated GST and Donation Tax Credit fraudsters convicted

Inland Revenue targets the construction section GST changes for the platform economy to proceed, Inland Revenue clarifies the GST treatment of a professional director’s fees Treasury’s suggestions for financing the effects of climate and demographic change

Latest tax developments in Cyclone Gabrielle response Some suggested tax measures for response Treasury's 2021 warnings about meeting fiscal challenge of climate change

This week we focus on what assistance is available from Inland Revenue for those affected by Cyclone Gabrielle

Terry Baucher discusses three major trends that could have an impact on tax policy, along with his hopes for 2023.

A look back at 2022, including a proposed Tax Principles Act, a dramatic u-turn. the Trusstastrophe, & what were the most listened to tracks of the year

This week we're talking with Vivien Lei, the winner of this year's Tax Policy Charity Scholarship about her proposal for an environmental impact weighted tax

A deep(ish) dive into the OECD's fourth edition of its corporate tax statistics and the revelations from country by country reporting. The Government's financial statements for the four months to 31st of October show the effect of fiscal drag. Inland Revenue consultation on the impact of provisional tax on employees who receive one-off amounts of income without tax deducted

This week when is a subdivision an undertaking or scheme? 72% of NZ tax advisors say it’s time for a capital gains tax Inland Revenue wins an international tax award Taxes and the voting age

More on the proposed GST changes for the platform economy. Inland Revenue believes 70,000 incorrectly received a cost of living payment. The pros and cons of a tax-free threshold

UK report shows little benefit for consumers from VAT law change Thousands of Kiwis may be potentially subject to UK taxes such as Inheritance Tax Airbnb & Uber are not happy about new proposals

This week the Green Party suggests an excess profits tax & quotes Margaret Thatcher in support The Australian Tax Office’s latest Corporate Tax Transparency report The latest from the OECD on carbon pricing of greenhouse gas emissions.

We take a closer look at Inland Revenue's 2021-22 annual report. What's good, what's not so good and what's concerning?

Inland Revenue recovers $33 million of overpaid wage subsidy from multinationals, The Asia Initiative is launched More on the Supreme Court's decision in Frucor

OECD proposes a Crypto-asset reporting framework Government suggests a new levy for farmers greenhouse gas emissions and more about the politics and tax implications of changing tax rates ahead of next year's General Election

Change coming for GST record-keeping requirements, A controversial dissent by a Supreme Court Justice in a major tax avoidance case Government's tax revenue exceeds $100 billion for the first time.

Inland Revenue gets ready to launch a campaign on FBT compliance The Government ignored Treasury and Inland Revenue advice regarding its build-to-rent interest deductibility proposal A few notes of interest on the British mini-budget