Tax Extenders Legislation Passed

At the eleventh hour, the Protecting Americans from Tax Hikes Act of 2015 (Act) was passed into law by Congress late in 2015. Echoing a near-identical situation occurring the year before, the controversial ‘tax extenders’ were extended yet again in what...

NZ tax update – June 2015 (two new bills)

June 2015 has seen a hive of activity by the government with respect to proposed changes to New Zealand’s tax system. Activity included the introduction of two new bills. Here’s a snapshot of the activity that occurred during the month: 30 June: The...

Exchange of Information between countries

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...

New Legislation In Force Today

Today two new acts, the Land Transfer Amendment Act 2015 and the Tax Administration Amendment Act 2015 come into force in New Zealand, enhancing information reporting requirements to Land Information New Zealand (LINZ). Information reporting relates to the transfer of...

Major changes to NZ’s QC/LAQC regime

There are major changes occurring in 2011 once legislation has been passed, affecting Loss Attributing Qualifying Companies (LAQCs) and Qualifying Companies (QCs) under NZ tax legislation. From 1 April 2011, the ability to attribute losses through an LAQC will no...