
NZ's super rich in taxman's sights
There are a number of super rich Kiwis who declare income of less than $70,000 a year.
There are a number of super rich Kiwis who declare income of less than $70,000 a year.
One of the main differences between Auckland and the three major East Coast Australian cities is the huge number of apartments.
Why is IRD billing an 81 year old New Zealander $40m a year while Apple has an annual tax bill of less than $10 million?
John George Russell - accountant, former merchant banker, 81-year-old and some $500 million in debt to the IRD - is finally raising the white flag.
High Court has rejected the only proposal that stood between 80-year-old accountant and bankruptcy
Inland Revenue cites international tax agreement as it refuses to hand over documents, judge is not persuaded that's a good reason to enforce secrecy.
New Zealanders are being taxed on their own capital because of unfair rules covering shares in demerged companies, but the Government argues the Inland Revenue Department does not have the resources....
An 80-year-old accountant who owes Inland Revenue around $500 million wants the High Court to approve his proposal to pay $1000 a week off the debt.
The IRD IS proposing a withholding tax of 33 percent of a vendor's gain on a sale, or 10 percent of the total purchase price.
Justices John Wild, Ellen French and Helen Winkelmann delivered their decision to dismiss the appeal, saying it was an "abuse" of the court process.
IRD staff are being hauled before their manager if they have even one day off ill, as the tax agency grapples with its high level of sick leave.
Consultancy firm EY says new rules aimed at tracking offshore property buyers could end up increasing compliance costs to taxpayers.
An agent from Auckland's biggest residential real estate business says some buyers are trying to beat the Government's new property speculator restrictions.
An Auckland real estate agent says "some groups of buyers" are trying to beat the Government's new restrictions on foreign property purchases due in October.
The former empire of legal-highs godfather Matt Bowden is disintegrating - three of his properties, worth more than $5 million, are listed for mortgagee sale.
Landlords, lawyers, real estate agents and accountants have presented submissions to the Parliamentary select committee.
What happens when an employer unintentionally misses making KiwiSaver deductions or employer contributions?
Craig Elliffe writes: The officials' paper indicates an exemption will apply when you inherit a property from a deceased estate or have transferred as part of the property settlement.
The IRD has selected a US company as the preferred software supplier for its $1 billion-plus business transformation which will replace its ageing information technology system.
An unattended bag which was discovered in an Inland Revenue building was blown up by the bomb squad in an operation which saw people forced out of shops and businesses for hours.
John Russell has lost another IRD stoush, this time about a company which has been in receivership for 20 years.
A couple who did not declare more than $1 million in cash sales at their Auckland restaurant have been sentenced to eight months' home detention.
Prime Minister John Key says axing the $1000 kickstart grant to new KiwiSaver members in the Budget "will not make a blind bit of difference to the number of people who join".
Legal high company Stargate Operations is being chased by IRD for $850,000.
Editorial: The PM does not want to call it a capital gains tax but that is what it is. Houses bought as investment property will have their capital gain taxed if they are sold within two years.
The Government's property speculator tax crackdown will lead to large-scale real estate dumping before its October 1 start and widespread evasion and avoidance, experts say.
The IRD has released a summary of commonly made mistakes by non-professional property investors.
A crackdown on tradies' cash jobs is yielding "outstanding" results, says the tax department.
Inland Revenue now has a clear path to try to bankrupt an accountant who owes it nearly half a billion dollars.
KiwiSaver providers are struggling to move savers out of the default funds despite a requirement by the Government to give people more information on their choices.