PLAY PODCASTS
Don't end up in court for tax evasion

Don't end up in court for tax evasion

How not to end up in court defending a $4m tax ev…

The Week In Tax

May 10, 201913m 11s

Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

How not to end up in court defending a $4m tax evasion charge - investigators from Inland Revenue should not be under-estimated as they are highly skilled, motivated and are looking for pattens e.g. gross profit ratios for similar businesses. Welfare Expert Advisory Group Report was released - Up to $5.2 Billion pa needed to overhaul New Zealand's social welfare system to incentivise people back into work among other changes - Tax implications for clients claiming Working for Families Tax Credits. - Major changes proposed around amounts paid and abatement rates. Problems with overseas mortgages and investments - These are part of the FIF regime - a topic so complex there's no Inland Revenue guide to it! Due to changes in currency exchange rates income has arisen so the £ mortgage value hasn't changed but the equivalent in NZ$ has created a change in relative valuation. There's hope on the horizon. Inland Revenue business transformation release 3 has gone live - the team apparently consumed a significant volume of pizza and chocolate!