V-Day jitters shake the Shakey Isles

New Zealand has both extinct and dormant volcanoes and is overdue for an eruption. By Gina Gatchell, Director With enough rumblings to cause a volcanic eruption, the capital gains tax debate is currently raging in New Zealand. The bonfire was ignited after the Tax...
Future of Tax in NZ – Comprehensive Report Released

Future of Tax in NZ – Comprehensive Report Released

‘Most New Zealanders recognize the importance of paying tax and meet their tax obligations. Some, however, do not. Tax avoidance reduces the integrity of the tax system and erodes social capital. It is also fundamentally unfair, because it means that compliant...
Trusts classification: what you don’t know can hurt you!

Trusts classification: what you don’t know can hurt you!

Are you getting the classification of your trust correct for US tax purposes? In 2018 the Internal Revenue Service started a campaign targeting foreign trusts’ failure to comply with the filing requirements of US owners[1] of foreign trusts, including ownership, and...

Internal Revenue Service reopened

The Internal Revenue Service reopened on Monday, January 28, 2019, after a 35-day shutdown. This includes call centre phone lines. However, long wait times are inevitable.

US Tax principles tested in 2018 Tax Court Case

The Tax Court case of Virginia-based taxpayers Toso & Salman tested several US tax principles which affect all US citizens and residents[1].   Those principles include the statute of limitations, the definition of ‘gross income’, and the ability to offset...
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