We are seeing an astounding amount of activity amongst various countries and groups as they consider the recommendations made under the OECD’s Base Erosion and Profit Shifting (BEPS) project. G20 leaders have endorsed the recommendations at the G20 summit in...
The 2015 annual report was presented to the IRS Commissioner yesterday. The report consists of four sections: 1. General report, addressing the following: Issue one: The IRS needs sufficient funding to operate efficiently and effectively, provide timely and useful...
New measures included in this latest Taxation Bill include: A Residential Land Withholding Tax (RLWT) applicable on sales of residential property by offshore persons who sell the property within two years of acquisition, applicable to property purchased after 1...
New Zealand’s tax on residential property acquired after 1 October 2015, held for less than two years, and which is not an owner’s main home, nor acquired through inheritance or relationship settlement has been enacted in the Taxation (Bright-line Test for...
New Zealand has released two sets of policy proposals for simplifying tax administration: 1. Making tax simpler – Towards a new Tax Administration Act 2. Making tax simpler – Better administration of PAYE and GST Tax administration In an address to the...
