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Courier driver ordered to pay IRD $180k
A courier driver who blamed a non-existent tax agent for mishandling his affairs has been ordered to pay $180,000 to Inland Revenue.
A courier driver who blamed a non-existent tax agent for mishandling his affairs has been ordered to pay $180,000 to Inland Revenue.
If the house always wins, then the taxman isn't far behind - at least not during the last year - when IRD won almost 85 per cent of the litigation it was involved in.
A loophole allowing MPs to hold millions of dollars worth of undisclosed real estate investments and other assets without declaring them has now been closed.
Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year.
Auckland's Heart of the City chief, charged with evading nearly $2 million in taxes over 22 years, is alleged to have created fictitious invoices to filter money into his own bank accounts.
Terry Serepisos says he is "flabbergasted" after he was arrested and appeared in court because of child support for his 19-year-old son.
Can Twitter handle serious policy debates? This week has been dominated by tax policy.
Labour's proposal for a capital gains tax was centre stage at a New Zealand Herald Mood of the Boardroom breakfast in Auckland yesterday.
Every year, vast sums flow into and out of the Crown's coffers, but the amount of new money available for fiscally responsible political parties to fight over - call it the fiscal battlefield - is quite small.
As expected, the National Party's announcement yesterday on proposed tax cuts was short on specifics and long on conditionality.
Armstrong writes: The PM's offer is not so much a tax cut, more like a tax offcut - one which will not be finding its way into your wallet for the best part of another three years.
If you don't own assets you can't avoid tax by converting your income to tax-free capital gain, writes Josie Pagani, and this means you can never get ahead.
The election campaign tax battle turned nasty yesterday as PM John Key accused David Cunliffe of punishing grieving children, and he returned with a Pike blow.
Siblings John and Jane Smith's parents own their family home through a trust but John and Jane are the beneficiaries of that trust. John and Jane's parents sell the house. Are they liable for CGT?
John Key has stepped up his attack on Labour's capital gains today tax, suggesting it will create a headache for grieving children who inherit their parents' house.
Mai Chen writes: When Judith Collins resigned on Saturday, she asked the Prime Minister to hold an inquiry so she could clear her name.
The Super City's been costly for residents of the former Auckland City Council who have been hammered by a new single rating system.
How's this for an anomaly: if a commercial property is munted in an earthquake, and maybe even kills someone, it gives rise to a tax deduction, but seismic strengthening work to reduce the risk of that happening does not.
President Obama's denunciation of overseas mergers that lower US companies' taxes is throwing cold water on potential deals.
I joined KiwiSaver the day it started. I am in the Kiwi Wealth balanced fund. I am a 67-year-old retired widow with no other income apart from NZ Superannuation.
National heads into the election with its Budget surplus target broadly intact according to the latest Treasury forecasts.
The wafer-thin surplus which the Budget pencilled in for 2014-15 is at some risk of disappearing when the Treasury updates its fiscal and economic forecasts tomorrow.
Greens co-leader Metiria Turei says the policy of raising the top tax rate is not about penalising the rich but sharing the benefits of wealth more fairly.
A 79-year-old accountant being chased for a $367 million tax debt has asked the High Court for orders to prevent Inland Revenue bankrupting him.
Eighteen American businesses hold 36 per cent of corporate US wealth and they are piling up cash holdings overseas because of discouraging US tax laws.