US tax update – Senate passes tax reform bill

Stunning changes to tax code are underway in the US and are already resetting the global stage for capital investment.   Pursuant to the House bill passed on 16 November, on 2 December Senate approved its version of tax reform en route to enactment of the Tax Cuts and...

Permanent Place of Abode Test

A recent New Zealand court case decided in October is the second one in recent years[1] to go through the courts involving the determination of the permanent place of abode concept (‘PPOA’). In this High Court case, the time bar was opened under Section 108(2) of the...