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Find Opportunity in Change 2017 Latest Tax Developments Seminar August 2017

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Find Opportunity in Change 2017 Latest Tax Developments Seminar August 2017 Find opportunity in change 2017 Latest Tax Developments seminar August 2017 Contents Contents ............................................................................... 1 Deloitte speakers .................................................................... 2 Presentation slides .................................................................. 4 New Zealand makes BEPS announcements .............................. 47 Material advancement and tangible progress on feasibility expenditure ......................................................................... 50 Summary of tax developments in the past year ........................ 52 Significant Inland Revenue statements and rulings ................... 56 Public Rulings work programme 2017-18 ................................. 57 Election 2017 tax policies ...................................................... 59 This paper covers a selection of recent developments in relation to income tax and GST that supports aspects of the presentation for this seminar. This paper was prepared in August 2017. While care has been taken in the preparation of this document, it has been prepared to provide general information only and should not be taken as a substitute for seeking professional advice. Deloitte does not accept any liability for any loss that may arise as a result of any person relying on the information or views expressed in this paper or during the presentation. © 2017 Deloitte speakers Bruce Wallace Partner Bruce is a corporate tax partner in the Auckland tax team specialising in international tax matters. Bruce provides tax services to a number of New Zealand’s largest corporate entities and outbound investors together with New Zealand subsidiaries of multi-national groups. Bruce is a member of the CAANZ Tax Advisory Group and is actively involved in discussions with Inland Revenue officials in relation to BEPS and other tax policy matters. Email: [email protected] Phone: +64 (0) 9 303 0724 Annamaria Maclean Partner Annamaria is a partner in the Auckland office and is in Deloitte’s Corporate International team. She has extensive experience in tax and has spent over 3 years as the Tax Manager at a large New Zealand listed corporate. She has assisted clients across many industries with all aspects of tax compliance and tax consulting with a particular focus on tax issues affecting New Zealand corporates and the application of New Zealand’s international tax rules. Email: [email protected] Phone: +64 (0) 9 303 0782 Greg Haddon Partner Greg is a corporate tax partner in our Auckland practice. Greg has over 30 years tax experience and has been a partner for 20 years. Greg is the advisor to a number of large New Zealand based and Global clients. He advises on the structure of new investments and divestments and the tax implications of specific transactions. He also prepares and delivers submissions to government on proposed tax changes. Through his role as the Deputy Chair of the CAANZ Tax Advisory Group he remains at the forefront of the development of tax policy in New Zealand. Greg leads the Deloitte New Zealand Financial Services Industry Practice. He also has extensive experience in the telecommunications, oil and gas and construction industries. Email: [email protected] Phone: +64 (0) 9 303 0911 2 Allan Bullot Partner Allan is a partner in the Auckland office and leads Deloitte’s GST team. He has over 20 years’ experience exclusively in GST and indirect taxes. He has practised in both New Zealand and Canada. Allan has assisted clients with all aspects of GST including risk reviews, planning, disputes with Inland Revenue and assisting in obtaining significant GST refunds for clients in a number of industries. He has been listed in the International Tax Review Leaders Guide for a number of years and co-presents the GST paper at the Master of Taxation Studies Course at Auckland University. Email: [email protected] Phone: +64 (0) 9 303 0732 Troy Andrews Partner Troy is a partner in the Auckland office with a focus on corporate tax, technology and financial services. Troy has extensive experience in treasury and international taxation and has worked both in New Zealand and the United Kingdom. Troy has provided tax advice and assistance on a broad range of issues, including significant corporate mergers and acquisitions, reorganisations and implementing cross border financing strategies. Email: [email protected].
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