The Week In Tax
Episodes
Google's tax practices under fire from the Minister of Revenue, taxation of ACC lump sums & more
27 May 2021
Contributed by Lukas
This week the Minister of Revenue is not happy with Google How many ACC lump sums may be over-taxed Inland Revenue updates the square metre rate for...
Budget 2021 Special
20 May 2021
Contributed by Lukas
A look at the tax measures in the 2021 Budget including the proposal to hypothecate future sales of emission trading units, a possible social unemplo...
The Australian Budget, tax rates & brightline gains & a minimum corporate tax rate
13 May 2021
Contributed by Lukas
This week, a look at Tuesday's Australian budget, the fairness of taxing gains at 39% and progress on an international minimum tax rate
Rethinking the taxation of property, IRD releases latest crypto advice & IRD audit activity
06 May 2021
Contributed by Lukas
Time to rethink how we tax residential investment properties? Latest Inland Revenue consultation on taxation of cryptoassets A snapshot of Inland R...
Week in tax with John Cantin discussing the tax policy behind the recent property tax changes
29 Apr 2021
Contributed by Lukas
An in-depth discussion with John Cantin of KPMG about the tax policy implications of the recent property tax changes and for the Generic Tax Policy Pr...
IRD launches construction industry campaign, unfair taxation of ACC lump sums & Earth Day
22 Apr 2021
Contributed by Lukas
Inland Revenue launches a construction industry education campaign. The continuing unfair tax treatment of lump sum payments OECD data around the ...
Crypto-assets under the spotlight, 10 years of GST compulsory zero-rating, trustees & Australian tax
15 Apr 2021
Contributed by Lukas
OECD and a common reporting standard for cryptoassets Lessons from 10 years of compulsory zero-rating and land transactions A warning about trustees...
Small Business Tax issues, managing FBT & international tax developments
08 Apr 2021
Contributed by Lukas
Small Businesses and tax compliance, PAYE for employees of overseas companies Managing fringe benefit tax A global minimum corporate tax rate?
More on the shock property tax changes, reflections on the future of tax
25 Mar 2021
Contributed by Lukas
A closer look at the Government's shock property tax announcements Four questions on the future of tax
Week in Tax Special on property taxation changes
22 Mar 2021
Contributed by Lukas
First look at extension of bright-line test to 10 years and restriction of interest deductions for residential property investors
IRD warns real estate agents, the IMF on the housing market & more year end planning
18 Mar 2021
Contributed by Lukas
Inland Revenue fires a warning shot at real estate agents over claiming excessive deductions The International Monetary Fund wades into the housing d...
Loss continuity & loss carryback rules, review of working for families & pre year end planning
11 Mar 2021
Contributed by Lukas
Business loss continuity test & tax loss carry back A review of working for families is underway and how abatement levels impact beneficiaries Pre 3...
New business loss continuity rule, hopes rise for a global deal on digital tax & the UK Budget
04 Mar 2021
Contributed by Lukas
Government announces a new business loss continuity rule US drops 'safe harbour' demand as progress made on new international tax framework UK Budge...
Notes from the IFA conference, covid resurgence support payments & distribution of wealth
25 Feb 2021
Contributed by Lukas
Observations on the International Fiscal Association conference Covid Resurgence Support Payments applications go live Inland Revenue/Treasury anal...
Covid Resurgence Support Payment, Facebook & a DST, year end planning
18 Feb 2021
Contributed by Lukas
An overview of the new Covid Resurgence Support Payment What could be the implications of Facebook’s actions in Australia Pre-31st March year end ...
More on IRD's business transformation programme, taxing property & new anti-avoidance interpretation
11 Feb 2021
Contributed by Lukas
This week more on the state of Inland Revenue’s Business Transformation programme, Grant Robertson's warning to property speculators Inland Revenu...
Tax implications of the Climate Change Commission's advice, the OECD on international tax
04 Feb 2021
Contributed by Lukas
A look at the potential tax implications of the Climate Change Commission’s first draft advice to the Government The latest from the OECD on intern...
What's ahead in the tax world in 2021: taxing capital, the environment & Inland Revenue
21 Jan 2021
Contributed by Lukas
A look ahead at the expected big tax themes in the coming year The arguments for taxing property, a wealth tax, what might Joe Biden's presidency mea...
The big tax stories of 2020; Covid-19, taxing capital gains and Inland Revenue's performance
13 Dec 2020
Contributed by Lukas
A look back at the biggest tax stories of 2020: The response to Covid-19, the ongoing debate about taxing capital, Inland Revenue's response and how ...
Rod Spicer of Insurance on how audit insurance can help dealing with Inland Revenue enquiries
03 Dec 2020
Contributed by Lukas
Rod Spicer the associate director of claims and underwriting at Accountancy Insurance discusses how to use insurance to manage dealing with Inland Rev...
Week in Tax Special - Taxation (Income Tax Rate and Other Amendments) Bill
02 Dec 2020
Contributed by Lukas
A first look at the tax bill increasing the top tax rate to 39% Includes new information gathering powers for Inland Revenue Problem of over taxati...
New Minister of Revenue on digital services taxes, could the bright-line test be extended?
26 Nov 2020
Contributed by Lukas
The new Minister of Revenue's first speech set out the Government's tax objectives including a possible digital services tax Could the bright-line te...
IRD reminder on bright-line test, responds to a previous podcast & more on the wealth tax debate
19 Nov 2020
Contributed by Lukas
This week Inland Revenue reminds tax agents about the bright-line test, it responds to comments in a previous podcast about Business Transformation a...
What's in IRD's briefing for its new Minister & the small business cashflow scheme is extended
12 Nov 2020
Contributed by Lukas
What will be in Inland Revenue's Briefing to Incoming Minister? The challenges ahead for the new Minister of Revenue. The small business cashflow sch...
A closer look at Inland Revenue's Business Transformation programme
05 Nov 2020
Contributed by Lukas
This week Andrea Black (ex Inland Revenue and Treasury and former independent advisor to the Tax Working Group) and I take a closer look at the impact...
IRD & Common Reporting Standards, consequences of not keeping records & tax debt tipping point
29 Oct 2020
Contributed by Lukas
Inland Revenue is contacting people about information received under Common Reporting Standards Company is put into liquidation for not having adequa...
What will Labour do in tax, a role for green taxes, problems at Inland Revenue?
22 Oct 2020
Contributed by Lukas
After the election what next in tax for the Labour Government? Who will be the Minister of Revenue? A future role for green taxes Problems with Inl...
The challenges of taxing the digital economy and a new lover tax?
16 Oct 2020
Contributed by Lukas
The potential impact of the United States House of Representatives Judiciary Committee's Subcommittee on Antitrust, Commercial, and Administrative Law...
IRD is checking wage subsidy claims, the Australian Budget and why GST rate cuts don't work
08 Oct 2020
Contributed by Lukas
IRD is checking wage subsidy claims, a look at the Australian Budget and why GST rate cuts don't work
Provisional tax, home office expenditure, IRD chases cryptoasset investors & designing a wealth tax
01 Oct 2020
Contributed by Lukas
Highlights from the ATAINZ spring workshop including provisional tax payments holding up, home office expenditure allowances. Inland Revenue is chasi...
The ins and outs of UK pension transfers with Tony Chamberlain of GBPensions
24 Sep 2020
Contributed by Lukas
This week talking about UK pension transfers with Tony Chamberlain of GBPensions. The difference between the UK and NZ taxation treatment and how som...
A common GST mistake costs a client $450,000, reporting overseas income & Labour's tax policy
17 Sep 2020
Contributed by Lukas
How a common GST mistake cost a client $450,000 NZ tax residents must report income on worldwide basis Labour's tax policy announcement does nothing...
IRD wins Frucor tax avoidance case, new IRD guidance on cryptoassets and Labour's tax policy
10 Sep 2020
Contributed by Lukas
Inland Revenue wins Frucor tax avoidance case in Court of Appeal New Inland Revenue guidance on taxation of cryptoassets Labour's tax and small busi...
The Money Mentalist Lynda Moore on the psychology of tax and money
03 Sep 2020
Contributed by Lukas
This week I'm talking with the Money Mentalist Lynda Moore on the psychology of tax and money. The common mistakes clients make around tax payments a...
Covid-19 and tax loss carry backs, AirBnBs, National's tax policy and CGT back on the agenda
27 Aug 2020
Contributed by Lukas
COVID-19 related measures for tax losses and AirBnBs, National releases its small business policy Is a capital gains tax back on the agenda?
Latest COVID-19 measures on working from home costs, wage subsidy and it's provisional tax time
20 Aug 2020
Contributed by Lukas
News on the latest COVID-19 initiatives including: Updated Inland Revenue determination on working from home costs; Resurgence wage subsidy eligibi...
Working from home allowances, what is work of a minor nature, tax policy
13 Aug 2020
Contributed by Lukas
A refresher on the tax deduction rules for working from home; Inland Revenue guidance on the meaning of 'minor' for subdivisions; and Are New Zealan...
FBT & motor vehicles, how workable is the Green Party's wealth tax & unemployment insurance
06 Aug 2020
Contributed by Lukas
Watch out for FBT on that new SUV How workable is the Green Party's wealth tax? Unemployment insurance on the cards?
Tax treatment of gold, deductions for healthy homes standards, trusts, tax avoidance
30 Jul 2020
Contributed by Lukas
What's the tax treatment of Gold? What deductions are available for residential property investors in respect of expenditure to meet Healthy Homes st...
Child Support late payment penalties, EU loses tax case against Apple, 2019 tax pooling deadline
16 Jul 2020
Contributed by Lukas
Proposed changes to the Child Support late payment penalty regime Millionaires want tax increases whilst the EU’s bite of Apple goes sour Last da...
IRD on taxation of overseas investment properties, SME Loan Scheme extended & ACC levies frozen
09 Jul 2020
Contributed by Lukas
The Government extends the Small Business Cashflow Loan Scheme; ACC levies are frozen until 2022; and Inland Revenue explains the taxation of overse...
Week in tax with Josh Taylor of tax pooling company Tax Traders
02 Jul 2020
Contributed by Lukas
This week I spoke with Josh Taylor, director and co-founder of tax pooling company Tax Traders. We discussed how they reacted to the Covid-19 pandemic...
Australian superannuation, changing taxation of redundancy, Google and tax
25 Jun 2020
Contributed by Lukas
A tax law change could be of major benefit to Kiwis with Australian superannuation funds Rethinking the taxation of redundancy Google’s 2019 resul...
Inland Revenue variation determinations, dangers of Australian executors, automatic write-off limit
18 Jun 2020
Contributed by Lukas
Inland Revenue has released five COVID-19 related variation determinations including ones covering look-through companies, bad debt write-offs and tax...
Wage Subsidy Extension, CGT is back on the agenda, time to top up your KiwiSaver contributions
11 Jun 2020
Contributed by Lukas
This week a look at the new Wage Subsidy Extension scheme Capital gains tax is back on the agenda Time to top up your KiwiSaver contributions
A new tax bill, Inland Revenue isn't answering the phones, small business cashflow scheme
04 Jun 2020
Contributed by Lukas
The Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill introduced covering purchase price allocation, taxation of...
A controversial new payment for the unemployed, taxing redundancy & instalment arrangements
29 May 2020
Contributed by Lukas
A controversial extra relief for the newly unemployed Are redundancy payments overtaxed; and Record numbers apply for instalment arrangements with ...
Small Business Cashflow Scheme, the sharing economy, home office allowances
21 May 2020
Contributed by Lukas
The Small Business Cashflow Scheme Inland Revenue’s guidance on the sharing economy Employees claiming home office expenditure
Budget 2020 a big drop in the tax take & a surprising lack of additional funding for Inland Revenue
14 May 2020
Contributed by Lukas
A look at Budget 2020 and the surprising lack of additional funding for Inland Revenue and Ministry of Social Development. How bad will the loss of t...
8th May 2020 - IRD guidance on FBT during lockdown, landlords & wage subsidy, Budget preview
07 May 2020
Contributed by Lukas
Inland Revenue guidance on how FBT applies during the Lockdown. Is the wage subsidy scheme available for landlords? A look ahead to next week’s Bu...
IRD guidance on home office expenses, COVID-19 tax legislation & provisional tax is due
30 Apr 2020
Contributed by Lukas
Inland Revenue releases a determination on payments to employees for working from home, COVID-19 tax measures legislation is introduced Provisiona...
Week in tax 24th April, latest IRD guidance on Covid-19 measures, overseas rental property & AML
24 Apr 2020
Contributed by Lukas
Latest guidance from Inland Revenue on Covid-19 tax measures Draft guidance from Inland Revenue on tax implications of owning overseas rental propert...
Week in tax the new loss carry back rules, problem with the FIF regime & working from home
16 Apr 2020
Contributed by Lukas
New temporary loss carry back regime will it help small businesses; The inherent flaw in the foreign investment fund regime; and The rules around ...
Week in tax 9th April Inland Revenue criteria for remission, FBT, financial transactions tax
08 Apr 2020
Contributed by Lukas
More on Inland Revenue’s criteria for relief as a result of the COVID-19 Pandemic The fringe benefit tax lesson from David Clark’s misadventures ...
Inland Revenue's response to COVID-19, next stage of Business Transformation & what next in tax
02 Apr 2020
Contributed by Lukas
More on Inland Revenue's response to COVID-19 Inland Revenue is closing down next week How might COVID-19 affect tax in the future?
More on the COVID-19 measures, unintended consequences and what next?
26 Mar 2020
Contributed by Lukas
Explaining some of the detail about the Government's COVID-19 package Inland Revenue discretion about waiving use of money interest Tax residency and ...
More on COVID-19 package, ACC maximums, pension transfers, year end tax planning
19 Mar 2020
Contributed by Lukas
This week more on the Governments COVID-19 package The risks of underpaying yourself A cash flow trap for those transferring their pension and superan...
Special COVID-19 edition on tax changes announced today
17 Mar 2020
Contributed by Lukas
Special edition looks at the tax measures in today's $12.1 billion stimulus package Depreciation on buildings restored Low value asset write-off limi...
Responding to COVID-19, Australian implications for NZ trusts and year end planning
12 Mar 2020
Contributed by Lukas
What is Inland Revenue's response so far to the COVID-19 pandemic compared with Italy, the UK and Australia? New Zealand trustees should be aware of ...
GST change for crypto-assets proposed, donations tax credit, more on IRD cheque payment policy
05 Mar 2020
Contributed by Lukas
GST issues paper proposes change in GST treatment of crypto-assets Retrospective change to treatment of donation tax credits More on Inland Revenue’...
The Trusted Taxpayer Regime - giving small taxpayers a tax credit & improving compliance
27 Feb 2020
Contributed by Lukas
This week Nigel Jemson the winner of the 2019 Tax Policy Charitable Trust talks about his proposed Trusted Taxpayer Regime - in many ways a new and im...
Tax rates and CGT on the agenda, IRD warns hospitality industry, OECD on international tax
20 Feb 2020
Contributed by Lukas
Changing tax thresholds and capital gains tax are back on the agenda, Inland Revenue warns the hospitality industry OECD estimates international ta...
Shareholder advances under IRD scrutiny, payment options, Australian stamp duty rises
13 Feb 2020
Contributed by Lukas
Shareholder advances under Inland Revenue scrutiny - are you paying FBT on these advances? More about using cheques to pay tax Australian tax compli...
Inland Revenue tax deduction notices, accidental dividends, terminal tax
06 Feb 2020
Contributed by Lukas
Inland Revenue's extensive powers of collection and its use of deduction notices Triggering a dividend through misunderstanding tax implications of tr...
John Lohrentz on tax implications of methane emissions
30 Jan 2020
Contributed by Lukas
Progressive taxation on biological methane is John Lohrentz' proposal to the New Zealand government as a tool to transition to a low carbon economy.
The tax issues for the coming decade, Student Loan debt crackdown
23 Jan 2020
Contributed by Lukas
This week: What will be the big tax issues over the next decade? Inland Revenue cracks down on Student Loan debtors Is CGT really dead?
Review of 2019 the Tax Working Group report, IRD's business transformation & international tax
12 Dec 2019
Contributed by Lukas
A look back at the big tax stories of 2019 The Tax Working Group report and capital gains tax Inland Revenue's business transformation OECD's interna...
Chris Cunniffe of TMNZ on tax pooling & latest survey of tax agent satisfaction with Inland Revenue
05 Dec 2019
Contributed by Lukas
Chris Cunniffe of Tax Management New Zealand talks about tax pooling & the latest TMNZ/CAANZ survey of tax agent satisfaction with Inland Revenue
The future of tax investigations, waste disposal levy, don't be late filing
28 Nov 2019
Contributed by Lukas
Inland Revenue's new approach to tax investigations Waste disposal levy good example of an environmental tax How being 6 minutes late could cost the...
Why did the Tax Working Group's CGT proposal fail?
21 Nov 2019
Contributed by Lukas
The Week in Tax 22 November 2019 More on Inland Revenue CRS initiative The future of tax Why did the Tax Working Group's CGT proposal fail?
GST and associated persons, using overseas credit cards, a global minimum tax?
14 Nov 2019
Contributed by Lukas
Property developers and a still too common GST mistake EU proposes sharing credit card data to counter tax fraud OECD proposes minimum global tax ...
Tax risks of being a trustee, HMRC guidance on cryptoassets, confusing myIR dashboard
07 Nov 2019
Contributed by Lukas
Tax perils of being a trustee HM Revenue & Customs guidance on cryptoassets Confused by your myIR dashboard? You're not alone
Inland Revenue targets the hidden economy, US situated assets could be liable to US Estate Tax
31 Oct 2019
Contributed by Lukas
Inland Revenue targets the hidden economy in Queenstown and how much additional tax has it raised from the hidden economy since 2010 Using technology...
A look at Inland Revenue's 2018-19 annual report
24 Oct 2019
Contributed by Lukas
This week I take a look at Inland Revenue's annual report - How much additional tax did it raise? Who is it sharing information with? How did it do ...
Geof Nightingale on the Tax Working Group & the OECD's international tax proposals
17 Oct 2019
Contributed by Lukas
This week I'm joined by Geof Nightingale of PWC and we discuss: The Tax Working Group How the Budget surplus could be used to improve taxes for middl...
OECD proposals shake up international tax, Budget Surplus, tax evasion and changing tax codes
11 Oct 2019
Contributed by Lukas
OECD proposes the biggest changes to international tax since the 1920s, The Government has a surplus but what about the cost of superannuation? Inl...
Taxing land sales, Tax Working Group recommendations approved and automatic exchange of information
03 Oct 2019
Contributed by Lukas
This week Inland Revenue issues consultation on habitual buying and selling of land Two Tax Working Group recommendations on feasibility expenditure ...
Special International Podcast Day - observations on tax in the UK, taxing energy
30 Sep 2019
Contributed by Lukas
Special International Podcast Day edition Observations of tax in the UK differential VAT/GST rates OECD on taxing energy Comparing NZ tax system wit...
Time for a tax advocate, cryptocurrency, information exchanges
05 Sep 2019
Contributed by Lukas
Why small businesses need a tax advocate More on using cryptocurrencies to pay salaries Another unknown unknown the UK regulations implementing the ...
The Unknown Unknowns in tax, wage theft and National's Tax Policy - the Week in Tax
29 Aug 2019
Contributed by Lukas
What are the "Unknown unknowns" of tax - the financial arrangements regime and Inheritance Tax Wage theft and missing PAYE and KiwiSaver contribution...
Time for a wealth tax to address inequality? Talking with Max Rashbrooke
23 Aug 2019
Contributed by Lukas
A free-ranging discussion with journalist, academic and author Max Rashbrooke about the future of tax and the possibility of a wealth tax
Applying PAYE to crypto-assets paid as salaries, Inland Revenue's declining audit activity
15 Aug 2019
Contributed by Lukas
Inland Revenue's three new rulings on taxing crypto-assets paid as salary and wages/bonuses New draft determination on using smartphone for business...
Brexit, tax and the financial arrangements regime, the Government's tax policy work programme
08 Aug 2019
Contributed by Lukas
This week The impact of Brexit and the financial arrangements regime The Government's tax policy work programme for the next 18 months 15 years ago.....
High Wealth Individuals in the spotlight and provisional tax
01 Aug 2019
Contributed by Lukas
What tax do High Wealth Individuals pay Can an exemption really increase tax revenue? Simplifying provisional tax
Is that ute really exempt from FBT?
25 Jul 2019
Contributed by Lukas
This week in tax Inland Revenue explains the work related vehicle exemption Is insulation deductible? Should it be? Just how good is Inland Revenue'...
Week in tax 19 July 2019
18 Jul 2019
Contributed by Lukas
This week Time to change FBT on cars and is that twin cab ute a work-related vehicle? Digital services tax - good politics but bad policy? Taxing cry...
2019 - 7-12 This Week In Tax
11 Jul 2019
Contributed by Lukas
This week: What's with Inland Revenue's new use of money interest rates Inland Revenue survey on costs of tax compliance for small businesses Product...
2019 - 7-5 This Week In Tax
05 Jul 2019
Contributed by Lukas
This week: Loss ring-fencing legislation passed Business mileage and business use of building rates OECD's exchange of information and Common Reporti...
This week in tax
28 Jun 2019
Contributed by Lukas
This week ANZ Bank and David Hisco tax planning Update on Inland Revenue's business transformation progress and implications for tax agents UK inheri...
The Week In Tax 21st June 2019
22 Jun 2019
Contributed by Lukas
This week - PIE debacle gets bigger - Can you really claim expenses for wine storage - Do flat taxes work?
Deborah Russell MP on tax legislation and policy
23 May 2019
Contributed by Lukas
Terry's guest on the podcast today is Deborah Russell, MP with whom he co-authored Tax and Fairness book. They dig into how the government and parl...
Don't end up in court for tax evasion
10 May 2019
Contributed by Lukas
How not to end up in court defending a $4m tax evasion charge - investigators from Inland Revenue should not be under-estimated as they are highly sk...
Don't spend your tax refund!
02 May 2019
Contributed by Lukas
Is it now back to normal after the Government's decision on TWG report? The Week in Tax news: International tax pressure is building to create a Dig...
Andrea Black and the Tax Working Group
30 Apr 2019
Contributed by Lukas
Andrea Black supported the Tax Working Group for the past 17 months. She discusses whether Inland Revenue is under-resourced and whether it was worth...
Government decides not to introduce a capital gains tax
18 Apr 2019
Contributed by Lukas
The Government announces its decision not to introduce a Capital Gains Tax in this parliament. This podcast reviews the TWG proposals and the implic...
Cullen Group versus the Inland Revenue case
14 Mar 2019
Contributed by Lukas
1) Cullen Group law case against Inland Revenue 2) The Act to generate automatic tax refunds by Inland Revenue 3) Digital Services Tax affecting Googl...