We are actively working with various stakeholders who are affected by the issue around foreign tax credit availability for US citizens residing in New Zealand. A further update will be available in April.
The discretionary trust has traditionally been a popular entity to form in New Zealand for a variety of reasons, including asset protection and estate planning. A discretionary trust provides the trustees of the trust with discretionary powers to make decisions that...
Losses – a word that has become all too familiar these days. If you have losses in 2010 or recent past years are you ensuring that you maximize the opportunities that might be available to you to claim some or all in your federal return? These might be in the form of...
The IRS has just sent a reminder that people who have not filed a 2007 US income tax return will miss out on any refunds due if a return is not filed by 18 April 2011. The timeframe for claiming refunds is three years from the date that the return was due. 2007 US...
In addition to the newly negotiated and highly controversial TPP agreement, the rollout of the OECD’s Base Erosion and Profit Shifting (BEPS) project has New Zealand’s political and business leaders in heated discussions this week. The business...
“We are the only nation in the world that lets a huge chunk of its tax code expire, often for a year, and then retroactively puts it back in place.” “That whole process is really unacceptable to me, and it puts us out of place with the rest of the...
