Latest from Tax

Tax debt tops $400m

A 79-year-old accountant being chased for a $367 million tax debt has asked the High Court for orders to prevent Inland Revenue bankrupting him.

Corporate 1pc get wealthier as cash piles up

Eighteen American businesses hold 36 per cent of corporate US wealth and they are piling up cash holdings overseas because of discouraging US tax laws.

Companies abandon US to dodge tax

A look at some of the US firms that have incorporated overseas in moves that some say is robbing the US of billions of dollars in tax revenue.

Opinion: Privatisation triumphs again

The upshot of Novopay is this: we spent $110m to get a lemon from an Australian company - which is now being touted as a $15m 'asset', writes Dita De Boni.

India nears single market for first time

More than six decades after it achieved independence, India may be on the verge of a single goods and services tax, after India's PM warmed to the idea.

Mary Holm: Labour's tax talk nothing to fear

Q: I was listening to the radio and I heard a Labour MP say that under Labour not only would KiwiSaver be compulsory but a capital gains tax would apply to it.

Start taxing property gains properly, says economist

In a video interview on nzherald.co.nz, Eaqub said capital gains tax on investment property was often discussed in New Zealand as if it didn't exist - but it already does.

Campaign to reduce tax on savings

The Financial Services Council is looking to drum up popular support for a campaign to address what it says is the overtaxation of savings.

Rich French fleeing taxes find sanctuary in Portugal

French tax hikes over the last three years and fiscal breaks provided by Portugal are driving rich French to seek homes in the Atlantic-hugging country.

Tax debt hidden from me: NZNet director

A former Forsyth Barr stockbroker who poured $460,000 into a now-failed internet business says he was unaware of its tax debt.

US corporations spend up big on executive safety

Large corporations are spending millions of dollars ensuring top executives are kept safe.

Govt operating deficit smaller than Budget forecast

Amazon starts collecting Florida sales tax

Florida is joining 20 other states that collect sales tax on Amazon purchases, meaning just about everything bought there will now cost 6 per cent more.

Havens leave US taxpayers $1,259 tab each - report

Taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

Govt tax take falls short, again

The Treasury still expects the govt to reach its targeted surplus in 2015, even as the current tax-take continues to fall short.

Consumer Watch: DIY for a bigger tax refund

Taxpayers are flocking to websites that promise a tax refund — even if some take up to a quarter of a payout as commission.

Pat Pilcher: Tax refund app makes it easy to get money

You'd be forgiven for mistaking this for a belated April Fool's joke. An app has launched that makes getting money from the Government a painless online process.

Govt tax take falls short - deficit rises

The New Zealand government's operating deficit was wider than expected in the first seven months of the 2014 financial year, with a smaller tax take than forecast and lower than anticipated tobacco excise duty.