New Zealand, unlike Australia, the United States and the United Kingdom, does not have a full-blown capital gains tax (CGT) regime. Increasing pressure is being put on New Zealand’s Prime Minister and leader of the country’s centre-right government, John...
Changes to tax rates, exemptions, credits and deductions recently occurred in the newly-enacted American Taxpayer Relief Act of 2012. Some of these are indexed for inflation. Of note, one of these being the recently topical exemption for Alternative Minimum Tax...
We have just published our February newsletter. If you are not receiving our newsletters by email and would like to, please sign up using the form in the footer of this website. Topics for February include: 1. IRD’s new debt collection initiative 2. Gross income...
IRS advises that in 2011 a number of tax benefits including the personal exemption and standard deduction will be adjusted for inflation. Tax brackets will also widen due to tax provisions modified by legislation passed on December 17. Personal and dependent...
GST increases in New Zealand effective 1 October 2010. This has been heavily publicized by accounting professionals and the Inland Revenue Department in the past month. New Zealand still does not exempt necessary items such as food from GST as does Australia. Tax cuts...
