18 International Tax Course Book (Hard Copy)

Prices NZD and ex GST - Hard copy of the International Tax 2018 course book

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Product Description

Globalisation has made it easier for people , companies and others to move, invest or transact across international borders. Inevitably revenue authorities are reacting to the potential for lost revenue.


New Zealand is no exception and has committed to a global initiative led by the Organisation for Economic Co-operation and Development (OECD) on the automatic exchange of financial account information using Common Reporting Standards.


Tax authorities are now demanding more information from financial institutions and exchanging this with their counterparts in countries in which investors and account owners reside.


Concurrently tax rules are being tightened to prevent revenue losses from international transactions. More and more of these rules are creeping into otherwise mundane and ordinary cross borders dealings.  A good understanding of these developments is essential.


Topics include:

  • FATCA/CRS disclosure – especially as it relates to family trusts
  • Data that will be disseminated from foreign revenue authorities to NZ IRD
  • Inheritances, gifting or ordinary distributions from offshore trusts – how taxed
  • Beneficiaries of NZ trusts who live outside New Zealand – taxation of trust distributions
  • Trustees of NZ trusts living outside NZ - especially Australia: implications for NZ trust
  • Foreign + non-complying trusts + distribution rules (question distributions from these trusts to non-residents)
  • Offshore bank accounts (assets) offshore bank loans (liabilities) and the financial arrangement rules
  • DTA tie breaker tests, taxing rights and foreign tax credit claim
  • The US Savings Clause
  • Effective use of management fees and the implications of recent cases.

 

Learning Outcomes:  


Upon satisfactory completion of this activity you will be able to identify issues that need to be considered when advising on cross border transactions, or you are aware of clients with cross border arrangements.

  • Example 1: Standard family trust with a beneficiary outside New Zealand/Standard offshore trust with a New Zealand resident beneficiary
  • Example 2: Non-resident investing into New Zealand financial institution
  • Example 3: Understanding the types of information flows that New Zealand will receive from other revenue authorities to detect non-compliance
  • Example 4: New Zealand tax residence developments
  • Example 5: Understanding FATCA and CRS

Benefits: Understanding the tax  and disclosure issues / risks when people and transactions cross international borders


Suited to:

  • CA in public practice
  • Tax professionals
  • CFOs of companies with cross border investment