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	<title>TalkTax &#187; Daniel Hunt</title>
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			<title>TalkTax</title>
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		<item>
		<title>Imputation credits &amp; resident withholding tax – reminder</title>
		<link>http://www.talktax.co.nz/index.php/2012/01/31/imputation/</link>
		<comments>http://www.talktax.co.nz/index.php/2012/01/31/imputation/#comments</comments>
		<pubDate>Tue, 31 Jan 2012 08:05:49 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Dividends]]></category>
		<category><![CDATA[Tax accounting]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Tax credits]]></category>
		<category><![CDATA[Daniel Hunt]]></category>
		<category><![CDATA[Imputation]]></category>
		<category><![CDATA[RWT]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1276</guid>
		<description><![CDATA[As year-end is approaching quickly, it is important to remember that the maximum imputation ratio for dividends is 28:72 for the 2012 income year (previously 30-70 up to end of the 2011 income year).  The Resident Withholding Tax (RWT) rate on dividends remains at 33 cents in the dollar meaning dividends are still taxed [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>The perfect gift after 125 years</title>
		<link>http://www.talktax.co.nz/index.php/2011/09/14/the-perfect-gift-after-125-years/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/09/14/the-perfect-gift-after-125-years/#comments</comments>
		<pubDate>Wed, 14 Sep 2011 02:55:39 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Daniel Hunt]]></category>
		<category><![CDATA[Gift Duty]]></category>
		<category><![CDATA[Tax administration]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1208</guid>
		<description><![CDATA[An Inland Revenue report on the abolition of gift duty is set to cost professionals such as accountants and lawyers around $70 million in lost compliance fees. It is estimated that the government will save around $430,000 in administration fees but forego the $1 million a year in duty they were receiving from the scheme. [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Penny &amp; Hooper &#8211; legitimate tax planning or avoidance?</title>
		<link>http://www.talktax.co.nz/index.php/2011/08/24/penny-hooper-legitimate-tax-planning-or-avoidance/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/08/24/penny-hooper-legitimate-tax-planning-or-avoidance/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 01:11:38 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Trusts]]></category>
		<category><![CDATA[Daniel Hunt]]></category>
		<category><![CDATA[Penny & Hooper]]></category>
		<category><![CDATA[Tax Avoidance]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1168</guid>
		<description><![CDATA[The Supreme court has today released its long-awaited decision about a landmark tax case – Penny &#38; Hooper.  The case was decided in favour of Inland Revenue and this decision has widespread implications for the many small businesses using trust structures.
The case is a classic example of taxpayers complying with the ‘black-letter’ of the [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
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		<title>Is a capital gains tax justified?</title>
		<link>http://www.talktax.co.nz/index.php/2011/07/14/is-a-capital-gains-tax-justified/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/07/14/is-a-capital-gains-tax-justified/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 03:12:01 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[Daniel Hunt]]></category>
		<category><![CDATA[equality]]></category>
		<category><![CDATA[equity]]></category>
		<category><![CDATA[tax admin]]></category>
		<category><![CDATA[Tax Policy]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1160</guid>
		<description><![CDATA[… and so the battle continues as to whether or not New Zealand should introduce a capital gains tax.  Today labour released its tax policy – a capital gains tax was at its centrepiece.  The proper income tax treatment of capital gains has raised much debate and controversy amongst New Zealanders for many [...]]]></description>
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		<slash:comments>6</slash:comments>
		</item>
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		<title>LTC loss limitation rule explained &#8211; ‘Owner’s shareholding’ versus ‘owner’s effective interest’</title>
		<link>http://www.talktax.co.nz/index.php/2011/03/18/loss-limitation-rule-explained/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/03/18/loss-limitation-rule-explained/#comments</comments>
		<pubDate>Thu, 17 Mar 2011 21:29:31 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA["Look through companies"]]></category>
		<category><![CDATA["loss limitation rule"]]></category>
		<category><![CDATA["LTC"]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1095</guid>
		<description><![CDATA[From 1 April 2011 new tax legislation introduces the Look-Through Company (LTC). This is the result of tax legislation passed in December 2010. From 1 April 2011, LAQCs, as we know them, will no longer be! This post provides a brief overview of the new entity and attempts to explain the new LTC loss limitation [...]]]></description>
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		<slash:comments>21</slash:comments>
		</item>
		<item>
		<title>David Tua v Inland Revenue – now this will be an interesting fight…</title>
		<link>http://www.talktax.co.nz/index.php/2010/10/12/david-tua-v-ird/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/10/12/david-tua-v-ird/#comments</comments>
		<pubDate>Tue, 12 Oct 2010 05:20:31 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Avoidance and tax planning]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Avoidance]]></category>
		<category><![CDATA[IRD]]></category>
		<category><![CDATA[self assessment]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=942</guid>
		<description><![CDATA[One of the great unknowns when you enter the boxing ring is how hard your opponent will be able to hit you.  In recent times, the Inland Revenue has just delivered a couple of powerful punches to the face of David Tua, claiming he owes a whopping $2.2 million in unpaid taxes.
Inland Revenue has [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>In an increasingly complex tax world, how do you stay out of trouble?</title>
		<link>http://www.talktax.co.nz/index.php/2010/09/23/how-do-you-stay-out-of-trouble/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/09/23/how-do-you-stay-out-of-trouble/#comments</comments>
		<pubDate>Thu, 23 Sep 2010 08:57:01 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Avoidance and tax planning]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Tax accounting]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Budget]]></category>
		<category><![CDATA[complex]]></category>
		<category><![CDATA[disputes]]></category>
		<category><![CDATA[IRD audit]]></category>
		<category><![CDATA[knowledge]]></category>
		<category><![CDATA[practical]]></category>
		<category><![CDATA[skills]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[training]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=926</guid>
		<description><![CDATA[Tax headlines recently have reflected lengthy tax disputes, many which have been lost by the taxpayer. Inland Revenue has increased its focus on tax audits and this can leave many companies feeling nervous about their practices. Are you next?
The complexities of the New Zealand Taxation system
Taxation is an area that many businesses struggle with and [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>J G Russell 30 years on – is the IRD ever going to give up?</title>
		<link>http://www.talktax.co.nz/index.php/2010/08/06/jg-russell-30-years-on/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/08/06/jg-russell-30-years-on/#comments</comments>
		<pubDate>Thu, 05 Aug 2010 23:59:24 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[IRD]]></category>
		<category><![CDATA[J G Russell]]></category>
		<category><![CDATA[money]]></category>
		<category><![CDATA[Russell]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Tax Avoidance]]></category>
		<category><![CDATA[Taxation]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=821</guid>
		<description><![CDATA[...and so the battle continues between a tax “genius” and the IRD.  Since the 1980s, Mr J G Russell (Mr Russell) has been involved in legal disputes with the IRD over various schemes designed to reduce liability for income tax on companies he consulted to.  The IRD claims that he owes millions of dollars in back taxes, which has since grown, with penalties and interest, to a whopping $138m.

Its unimaginable how much money and IRD resources have gone into trying to incarcerate Russell, let alone the fees paid to tax lawyers in Russell’s defence.  But seriously, is there really any benefit to be gained in continuing this battle and yet spending more and more taxpayer’s money? ]]></description>
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		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Tax Avoidance – it all comes down to statutory interpretation</title>
		<link>http://www.talktax.co.nz/index.php/2010/07/11/tax-avoidance-statutory-interpretation/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/07/11/tax-avoidance-statutory-interpretation/#comments</comments>
		<pubDate>Sat, 10 Jul 2010 22:56:16 +0000</pubDate>
		<dc:creator>Daniel Hunt</dc:creator>
				<category><![CDATA[Avoidance and tax planning]]></category>
		<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Tax accounting]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Tax Avoidance]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=775</guid>
		<description><![CDATA[In recent times, we have seen several tax cases being lost by Taxpayers.  Analysing the judgments, I believe we have seen a fundamental move when dealing with tax avoidance – a move back towards statutory interpretation.  The Newton and Elmiger cases are the policy basis for our anti-avoidance rule as they focus on [...]]]></description>
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		<slash:comments>0</slash:comments>
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