The Week In Tax

A closer look at Inland Revenue’s proposals to counter top tax rate avoidance Could tax changes make a difference to the cost of living Get ready for tax year end

The Finance and Expenditure Committee reports back on the tax bill relating to the interest deduction limitation rules Inland Revenue releases a swathe of consultation documents relating to GST apportionment, the gig economy & tax avoidance New trust reporting standards released

The Government's new COVID support package. The OECD Secretary General reports on progress on the new multinational tax deal & other initiatives Polling suggests majority of Kiwis support a capital gains tax

Inland Revenue guidance on the deductibility for income tax purposes of costs incurred due to COVID-19, Inland Revenue releases an issues paper on the future of tax administration in a digital world, The tax perils of not taking advice before migrating.

Inland Revenue operational statement on how PAYE applies in cross-border employment situations; How to calculate foreign tax credits; and Could the proposed Social Insurance scheme be a rorter’s paradise?

A look at the Government’s proposed income insurance scheme Inland Revenue’s initial view on the impact of the new 39% tax rate The OECD’s latest economic commentary on New Zealand

Now Omicron is here what support is available? What next for international tax reform? After Business Transformation what next for Inland Revenue and the future of tax administration?

The final podcast for the year discusses the latest Half Year Economic Update, Inland Revenue's latest Covid-19 update and then looks back at the biggest tax stories in 2021 - the OECD/G20 agreement on international tax & the Government's moves on residential property investment

Inland Revenue enlists the help of the Chinese Tax Authorities in a tax evasion case; OECD report reveals the impact of COVID-19 on tax revenue Inland Revenue turns off its old computer system

Latest Covid-19 developments How Christopher Luxon's property portfolio is representative of the taxation of property debate Inland Revenue releases draft statement on charities & donee organisations

My guest this week is Professor of Law Craig Elliffe of the University of Auckland. We discuss the huge changes to international taxation announced in late October and what they might mean for New Zealand and generally.

What Inland Revenue needs to do to improve the quality of tax legislation Growing concerns about potential for misuse of new investigative powers for tax authorities Time for a surcharge on the banking sector?

Tax and the law of unintended consequences - how perfectly rational decisions over appointment of a trustee or helping children purchase a house can have some very severe and unintended tax consequences. Similarly how the abatement of working for families makes it harder for low-income earners to break out of poverty.

This week we focus on trusts in particular the new reporting requirements for trust and a concerning court decision from Australia. We also review a harsh but not unexpected decision from the Taxation Review Authority regarding the taxation of arrears of weekly ACC compensation.

This week the latest Covid-19 updates Extra time to file 30th September GST returns A review of Inland Revenue’s June 2021 annual report

A closer look at the new bright-line test rollover relief provisions Inland Revenue launches a new research project into high-wealth individuals Feedback from last week's podcast

A first look at the new international tax agreement & its implications for New Zealand Professor Lisa Marriott and I pore over Inland Revenue's debt management, its fairness & efficiency & options for change

A look at the bright-line test rollover relief included in last week's land tax proposals Inland Revenue releases consultation on implications of land sales and changes of co-ownership and on issues for cross-border workers What could be the fall out from the release of the Pandora Papers?

Draft interest limitation legislation including 20 year new build exemption, interest deductions on taxable disposals and the view of the Ministry of Housing and Urban Development

This week, a new report finds strong support for using tax to support the post Covid-19 recovery. A look at the submissions to the Finance and Expenditure Committee's Inquiry into crypto currencies The ATO launches a crackdown on disguised undeclared foreign income.

Latest Lockdown developments including third round of wage subsidy and second Resurgence Support Payment NZ Super Fund pays $2.3 billion in tax on record $15 billion return Using tax to fund NZ Superannuation

The Taxation (Annual Rates for 2021–22, GST, and Remedial Matters) Bill clarifies the GST treatment of cryptoassets, Latest Lockdown developments Treasury’s draft Long-term fiscal position considers whether taxes need to increase

This week, latest lockdown developments, Inland Revenue issues new determination on allowances & on home office expenditure Could a tax forgiveness programme help SMEs hit by Covid-19?

This week,the latest lockdown developments, What to do if you can't pay provisional tax or GST The perils of making payments to overseas beneficiaries Reflections on the late Sir Michael Cullen

What Government support is available for businesses & self-employed affected by the lockdown? What is the tax treatment of allowances for employees required to work from home?