I’m going to trial giving some brief tax stories. Let me know your feedback on whether you like it.
Some members of the community are calling for the carbon tax to be re-introduced.
The ATO is in heated negotiations regarding whether their IT supplier can offshore the production of their system. This may result in a loss of privacy of Australians tax data.
The IRD has brought up an expensive system to manage the new Kiwisaver retirement package, before the legislation has even been passed by parliament.
More calls for tax cuts in NZ.
The IRD have closed a pub in Gisbone called Sootys.
Lastly, Te Puke 29-year-old man, Balwinder Singh has been jailed for tax evasion. From reading the article it seems as though there is still some tax evasion mastermind at large. The judge commented that there was no way that Mr. Singh had the requisite knowledge of the NZ tax system to come up with the scheme.
And for those of you asking where GPG’s website setup for their shareholders on the new investment tax is. It is www.gpg.co.nz