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	<title>TalkTax &#187; Tax administration</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>Tax efficiency in the spotlight</title>
		<link>http://www.talktax.co.nz/index.php/2011/11/23/tax-efficiency-in-the-spotlight/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/11/23/tax-efficiency-in-the-spotlight/#comments</comments>
		<pubDate>Tue, 22 Nov 2011 21:23:05 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Audit]]></category>
		<category><![CDATA[Tax administration]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=1257</guid>
		<description><![CDATA[New Zealand tax system has been ranked the 27th most efficient out of the 183 countries surveyed in a report compiled by PricewaterhouseCoopers, the World Bank and the International Finance Corporation.
New Zealand&#8217;s average tax rate of 34.4 compares favourably with the average global rate of 44.8 per cent, and Australia&#8217;s rate of 47.7 per cent.
New Zealand [...]]]></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>
		<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>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>
		</item>
		<item>
		<title>Penny and Hooper</title>
		<link>http://www.talktax.co.nz/index.php/2010/06/08/penny-and-hooper/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/06/08/penny-and-hooper/#comments</comments>
		<pubDate>Mon, 07 Jun 2010 23:19:48 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Avoidance and tax planning]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Tax accounting]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Trusts]]></category>
		<category><![CDATA[Avoidance]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/index.php/2010/06/08/penny-and-hooper/</guid>
		<description><![CDATA[The appeal in Penny and Hooper has been decided in favour of the Commissioner in a 2:1 majority decision of the Court of Appeal released on 4 June 2010.
In the first instance the decision could be considered to have been rendered largely nugatory for the time being given the recent reduction of the top marginal [...]]]></description>
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		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>RAP on RAP: marching to a different beat?</title>
		<link>http://www.talktax.co.nz/index.php/2010/06/03/rap-on-rap/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/06/03/rap-on-rap/#comments</comments>
		<pubDate>Wed, 02 Jun 2010 23:01:18 +0000</pubDate>
		<dc:creator>Dione Kimpton, TalkTax Editor</dc:creator>
				<category><![CDATA[Deductions]]></category>
		<category><![CDATA[Financial]]></category>
		<category><![CDATA[Income]]></category>
		<category><![CDATA[Legislation]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Definitions]]></category>
		<category><![CDATA[Revenue Account Property]]></category>
		<category><![CDATA[Rewrite Advisory panel]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=689</guid>
		<description><![CDATA[Received anonymously:
The Rewrite Advisory Panel (RAP) was established to advise rewriters of the Income Tax Act 1994. The Income Tax Act 2004 saw the RAP becoming the arbiter on possible unintended legislative changes and the Income Tax Act 2007 saw it becoming the overseer of the clarity of that Act (see: www.rewriteadvisory.govt.nz)
In 2009, a submitter [...]]]></description>
		<wfw:commentRss>http://www.talktax.co.nz/index.php/2010/06/03/rap-on-rap/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>What happens to the trust when the love is gone–subtitle another way to pay tax</title>
		<link>http://www.talktax.co.nz/index.php/2010/02/21/whentheloveisgone/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/02/21/whentheloveisgone/#comments</comments>
		<pubDate>Sun, 21 Feb 2010 06:24:39 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Tax administration]]></category>
		<category><![CDATA[Trusts]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/index.php/2010/02/21/what-happens-to-the-trust-when-the-love-is-gone-%e2%80%93-subtitle-another-way-to-pay-tax/</guid>
		<description><![CDATA[Trusts can provide excellent inter-generational asset protection.  However, when relationships break up assets in trust solution (rightly or wrongly – I’ll leave that analysis for another day) are often taken into account.  The equal sharing principle of the Property (Relationship) Act 1976 is pretty much standard modus operandi now and accordingly, or despite, [...]]]></description>
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		<slash:comments>0</slash:comments>
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