The Taxation (Business Tax, Exchange of Information, and Remedial Matters) Bill (‘bill’) was recently introduced in New Zealand. The bill contains a number of proposed amendments to the Income Tax Act and the Tax Administration Act. From an international...
In the week just ended we have observed a fundamental shift in the landscape of information exchange between countries. New legislation has come into force in New Zealand, increasing information reporting with respect to property transactions, and a milestone has been...
The recent Global Forum on Transparency and Exchange of Information for Tax Purposes held in Berlin, Germany endorsed the new OECD standard called the global Common Reporting Standard for the automatic exchange of tax information (AEOI). The global move towards the...
Tax evasion: Today the IRS disclosed that the revenue authorities of Australia, the United Kingdom and the United States are sharing ‘a substantial amount of data’ obtained on tax cheats from sources that the agency would not fully disclose. Assets hidden...
