
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.
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.
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.
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.
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.
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.
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.
The Financial Services Council is looking to drum up popular support for a campaign to address what it says is the overtaxation of savings.
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.
The number of US companies reincorporating overseas has shot up considerably in recent decades.
Medical device maker Medtronic, is poised to become the biggest firm to escape the US tax system by shifting its incorporation abroad.
Inland Revenue should accept a payment deal rather than bankrupt a 79-year-old accountant being chased over a $367 million debt, says an Auckland tax adviser.
A 79-year-old accountant being chased for a $367 million tax debt is now going to court in a bid to stall the IRD from bringing bankruptcy proceedings against him.
Tax breaks for Apple, Starbucks and Fiat are under investigation in a clampdown on special treatment for companies.
Inland Revenue has won a $367 million judgment against a 79-year old accountant for an unpaid tax debt.
A former Forsyth Barr stockbroker who poured $460,000 into a now-failed internet business says he was unaware of its tax debt.
Large corporations are spending millions of dollars ensuring top executives are kept safe.
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.
Taxpayers are flocking to websites that promise a tax refund — even if some take up to a quarter of a payout as commission.
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.
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.
New Zealanders criticising Google for the low amount of tax it pays in this country should not brand the company as "evil".
Alesco settling its tax-avoidance stoush is likely to lead to companies in similar disputes cutting deals with the IRD, say tax specialists.
Most of those who seek to reduce their tax obligations are net contributors to our society, writes Damien Grant. The only complaints against them are they do not pay enough.
Name suppression has been lifted on a Wellington accountant found guilty of providing false tax returns and misleading information to the Inland Revenue.
Editorial: Tax avoidance is an easy populist button for parties of the centre-left but Labour appears to be doing some serious research of the subject.
Labour says it will tackle "aggressive tax avoidance" by multinationals such as Facebook and Google which it says is costing the taxman hundreds of millions of dollars.