Director of tax policy tagged posts
February 9, 2010 New Zealand Taxation
The New Zealand Inland Revenue Department (IRD) will be in the Court of Appeals this week in an effort to overturn a landmark court decision, which found tax evasion allegations against two medical professionals refuted.
In a court action that will be closely monitored by both the medical profession and other high-cost professionals the IRD is seeking to claim that two Christchurch based orthopedic surgeons were using company and trust structures to pay themselves less than the typical rate for their profession. The IRD initiated court action against the two doctora, and the High Court found against the department in April.
Due to the wide spreading implications of any decision made in the proceedings great attention is being paid to the case, with some speculation arising that it could l...Read More