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	<title>TalkTax &#187; Tax</title>
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		<title>Lies, damned lies and gifting …</title>
		<link>http://www.talktax.co.nz/index.php/2011/06/30/lies-damned-lies-and-gifting/</link>
		<comments>http://www.talktax.co.nz/index.php/2011/06/30/lies-damned-lies-and-gifting/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 00:39:25 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Tax]]></category>
		<category><![CDATA[Trust]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/index.php/2011/06/30/lies-damned-lies-and-gifting-%e2%80%a6/</guid>
		<description><![CDATA[In addition to recommending that gift duty be abolished, the report back from the Officials’ Report to the Finance and Expenditure Select Committee on Submissions on the Taxation (Tax Administration and Remedial Matters) Bill highlights some interesting statistics about the use of trusts.
According to the report less than .003% of the 430,000 IRD numbers (that [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<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>
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		<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>
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		<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>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>
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		<slash:comments>1</slash:comments>
		</item>
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		<title>Australia New Zealand DTA enters into force</title>
		<link>http://www.talktax.co.nz/index.php/2010/03/23/australia-new-zealand-dta/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/03/23/australia-new-zealand-dta/#comments</comments>
		<pubDate>Tue, 23 Mar 2010 09:05:41 +0000</pubDate>
		<dc:creator>Sybrand van Schalkwyk</dc:creator>
				<category><![CDATA[FBT]]></category>
		<category><![CDATA[Imputation and memorandum accounts]]></category>
		<category><![CDATA[International]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Tax credits]]></category>
		<category><![CDATA[Double Tax]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=580</guid>
		<description><![CDATA[Yesterday the Government announced that the new Australia/New Zealand double tax agreement has entered into force. This means that both countries have completed their domestic law requirements for incorporating the treaty into their respective laws. The way is clear for the provisions of the treaty to apply.
The application dates are different for different types of [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tossing the baby with the bath water</title>
		<link>http://www.talktax.co.nz/index.php/2010/02/12/tossing-the-baby-with-the-bath-water/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/02/12/tossing-the-baby-with-the-bath-water/#comments</comments>
		<pubDate>Fri, 12 Feb 2010 02:30:53 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/index.php/2010/02/12/tossing-the-baby-with-the-bath-water/</guid>
		<description><![CDATA[It&#8217;s been great getting some feedback on thoughts around the design of the tax system.  Following on from those thoughts, given the Government&#8217;s heads up for property investors it would be great to hear some thoughts on this subject.
In this regard it is noted that it is difficult to reconcile is the view (accepted) [...]]]></description>
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Where should tax come from?</title>
		<link>http://www.talktax.co.nz/index.php/2010/02/07/where-should-tax-come-from/</link>
		<comments>http://www.talktax.co.nz/index.php/2010/02/07/where-should-tax-come-from/#comments</comments>
		<pubDate>Sun, 07 Feb 2010 00:35:30 +0000</pubDate>
		<dc:creator>Vicki Ammundsen</dc:creator>
				<category><![CDATA[Financial]]></category>
		<category><![CDATA[GST]]></category>
		<category><![CDATA[CGT]]></category>
		<category><![CDATA[Tax]]></category>

		<guid isPermaLink="false">http://www.talktax.co.nz/?p=478</guid>
		<description><![CDATA[Tax is topical right now.  The Tax Working Group reports have made headline news around the country.  Should a new land tax be introduced? Should GST be increased?  Is it time for a comprehensive CGT?
Whether we like a tax, however it is imposed, is largely irrelevant.  If a tax is imposed we&#8217;re stuck with it.  [...]]]></description>
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		<slash:comments>5</slash:comments>
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