Accounting news round-up

www.NetProphet.co.nz

Friday 23rd October 2009

Specialist accountancy website Netprophet.co.nz has a bumper tax issue this week, covering the NZICA Tax Conference

The conference was held in Auckland at the end of last week. The site's report on what Finance Minister Bill English had to say about the government's tax game plan and property investment has already received a number of comments from readers.

Other stories include a speech from Revenue Minister Peter Dunne on upcoming tax policy work, what an increase in GST means and some strong words from PwC chairman John Shewan on how the courts are interpreting tax law.

This week we also have a comprehensive report on KiwiSaver fund performance. The full table of how each fund has fared recently is sitting here at Goodreturns.co.nz.

Also you can now follow Netprophet.co.nz on Twitter. To keep up-to-date with postings and news go to www.twitter.com/netprophets.

News

English reveals tax game plan
Alignment of tax rates and closing property investment tax loopholes appear to be the government's main priorities for tax reform. >>Read more

GST increase would throw cat among pigeons
An increase in GST would cause major disruption to businesses, says one of the country's GST specialists. » Read more

Contemplation a dangerous tool
Recent court decisions on tax putting emphasis on what Parliament was contemplating when it made changes to tax rules are a "dangerous tool", says PricewaterhouseCoopers chairman John Shewan.» Read more

Revenue Minister Peter Dunne opened the NZICA Tax Conference
Revenue Minister Peter Dunne has opened the NZICA Tax Conference with a speech covering a wide range of topics. The full speech is here.

NZ corporate tax rate seventh highest in OECD

New Zealand has the seventh highest corporate tax rate in the OECD however pressure is rising on indirect taxes such as GST, according to a survey done by KPMG. » Read more

Tax think-tank hopelessly compromised: Greens

The Government sponsored Buckle tax group set up to look at tax reform is hopelessly compromised due to its membership containing people currently embroiled in court cases involving tax avoidance, Green Party co-leader Dr Russel Norman says. » Read more

People

PricewaterhouseCoopers (PwC) senior partner Brian Roche has been appointed Chief Executive of the New Zealand Post Group. » Read more

If you have a new appointment to include in Netprophet.co.nz email details to editor@netprophet.co.nz

Practice Management

Calendar boys make budget breakthrough
James Wigglesworth, Francois Bondiguel and Jason Leong are not native to Dunedin but they appear to have been inspired by the southern city's Scottish heritage in the creation of their start-up venture, Pocketsmith. >>Read more

Investment News brought to you by NZ Funds Management

Comply with me: new complaints body urges

A new disputes resolution service targeting financial advisers is being launched as the rush to comply with the coming regulatory regime intensifies. >>Read more

KiwiSaver

KiwiSaver rally strongest in riskier, long term plays

KiwiSaver investors with strong stomachs and funds in high growth, higher risk assets did best in the global market recovery over the past six months, according to a Morningstar survey. >>Read more

Events

One of the features of Netprophet.co.nz is its Diary of Events. This lists events coming up that accountants may be interested in attending, including the nsaTax 2009 Spring Seminar Series.

PS: If you know of an event which should be listed send details to events@netprophet.co.nz

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