Tax News

Cryptocurrencies and taxing the leading edge of change

Cryptocurrencies and taxing the leading edge of change

We’re going to hear a lot more about cryptocurrencies and blockchain technology as they move (very rapidly) into the mainstream. As Professor Alex Sims pointed out recently regulators are struggling to keep up with both the pace of change and the likely implications.

Interview with Deborah Russell - how I got interested in tax

Deborah Russell (source: labour.org.nz)

I got interested in tax by a bit of a roundabout route. I started as an accountant. Then, I went back to university and did a PhD in Philosophy. Weirdly, those two things came together in my job writing tax policy for IRD.

So, there’s issues around fairness and what the structure of the Tax Act looks like and then you’re translating it into actual workable policy. It’s that lovely mix of the conceptual and the applied and trying to get the two of them to integrate.

It’s that integration that really fascinates me.

BEPS proposals mean hasta la vista to foreign trusts

BEPS proposals mean hasta la vista to foreign trusts

This election campaign certainly has a fresh approach because it’s the first time I can recall both Labour and National boasting about how much tax they’ll raise. Barely three weeks ago Labour announced measures which it expected would raise an additional $300 million per year from multinationals.

Labour’s proposals include following the example of Australia and the United Kingdom and introducing a “Diverted Profits Tax”.

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