The week's tax news in one handy summary.
New Zealand Tax
- Sugar drink makers would really test boundaries of such a tax | Sugar tax on fizzy drinks: Majority want it
- As @MattNippert also points out this is especially interesting in relation to the PE avoidance as possibly could target likes of Facebook
- Should raise an extra $100m per year | Government announces BEPS decisions
- Matt Nippert: Tax crackdown evolves: Kills foreign trusts, slugs MNCs for $200m, via @nzherald
- Here's my first take on yesterday's BEPS proposals & yes, I'm a bit cynical about the timing & likely impact
- That's my reading of the effect of the hybrid mismatch proposals | Govt's planned tax changes to hit foreign trusts
- Includes my thoughts on BEPS measures & IRD staffing issue | Google NZ pays $300k in tax, posts another $600k loss
- Martin Hawes on how it's no longer effective to use trusts to get rest home subsidy | Trusting your assets is harder
- Would you do the same job for $20k less? | Fight against tax rorts may be undermined by IRD shake-up, Labour fears
- August's Agents Answers includes details of welcome improvements to the GST section of myIR
- Good guideline & contractors should know Inland Revenue are looking more closely at this area for tax evasion/under-reporting
- This involves Australian tradies but interesting to see proposal to remove legal protections if paid in cash
United Kingdom Tax
- This is from the UK but it illustrates the seemingly intractable problem of the interaction of tax & benefits. 68,000 families affected
- What about "due process"? | UK government to drop 'reasonable belief & necessity' test for terrorist freezing orders
- Interesting to see that this is a joint initiative | France, Germany plan tax crackdown on US tech giants
I follow interesting tax news stories from around the world and share them on Twitter.
These are a selection of our best tweets from the previous week.