Tax Alert - October 2011 |
Tax Alert is a monthly publication that keeps you up to date with the latest developments in tax. The alert is compiled by our national tax specialists who are continually monitoring the outlook for new tax developments and analysing the implications for our clients.
Search and Seizure – Inland Revenue’s scary powers
The recent High Court case Tauber v The Commissioner of Inland Revenue (2011) demonstrated just how far Inland Revenue can extend its powers when it comes to searching a taxpayer’s premises. In this case a team of Inland Revenue officers and accompanying persons, including a computer forensic expert, carried out search and seizure operations at a number of sites including several private dwellings, business premises and even a boat shed.
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September Snap Poll Results
In our snap poll last month we asked whether you thought New Zealand should move to having only specific anti-avoidance sections rather than a general anti-avoidance provision. The voting was very close this month with 44% polling “YES” 42% polling “NO” while the remaining 14% were not sure.
This month we are surveying how ready for the repeal of gift duty you are. Take our poll here.
Also in this issue:
- What deductions can you claim for company administration expenditure?
- New tax bill brings change
- Updated public rulings work programme – 2011/2012
Tax Alert - October 2011
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