Emerging markets push for share of global tax take
Emerging markets like India and China are becoming just as frustrated with international corporate tax rules as developed economies, says a KPMG partner.
Emerging markets like India and China are becoming just as frustrated with international corporate tax rules as developed economies, says a KPMG partner.
Alesco, whose tax-avoidance battle with Inland Revenue is seen as a test case for disputes involving more than $300 million, is trying to appeal to the Supreme Court.
Apple's New Zealand division made sales of $571 million last year but paid only 0.4 per cent of that in tax.
A businessman is confident he can win a 20-year, $4 million legal battle with Inland Revenue.
People who have paid themselves artificially low salaries to avoid paying the top tax rate should take advantage of an offer to confess while they can, says an expert.
The Government really must be strapped for money, Brian Rudman. It's so short that to scrape in an extra $17 million or so of petty cash it's willing to break an election pledge and upset a group of core supporters.
Auckland firms that send engineers and construction staff to Christchurch for the rebuild have just learned their projects are going to be much more expensive.
Taxpayers who dodged the top personal tax rate by paying themselves artificially low salaries have until the end of this month to confess.
International investors could be scared off by a Court of Appeal decision yesterday, say tax specialists.
An appeal in a landmark tax avoidance case has been thrown out this morning in what one commentator called a "complete slam dunk" for Inland Revenue.
Confusion surrounds the ability of body corporates of leaky buildings to claim GST refunds, as the Inland Revenue seems reluctant to have its decisions in two leading cases stand as precedents.
The G20 group of leading industrial and developing countries was talking tough at the weekend about getting multinational corporations to pay more tax.
The New Zealand government had a smaller than expected first-half operating deficit after Treaty of Waitangi settlement costs didn't eventuate in the period.
Many have written about the impact of the internet and e-commerce on business.
The New Zealand government's operating deficit was wider than forecast in the first four months of the financial year.
New Zealand is going to find it increasingly difficult to tax multinational companies like Google and Facebook, says a specialist tax consultant.
A Bay of Islands businesswoman has been sentenced to home detention and community work, and ordered to pay $45,000 in reparation for failing to pay her taxes.
Taxpayers who paid themselves artificially low salaries to avoid the top tax rate are being given longer to confess.