Close on the heels of its announcement on accommodation benefits last Thursday, Inland Revenue has released a draft Interpretation Statement on tax residence. The draft Statement updates Inland Revenue’s previously published view, which dates back to June 1989. Taxmail discusses some of the key changes.The main changes to Inland Revenue’s interpretation of tax residence revolve around the on-going availability of property in New Zealand. Inland Revenue is placing greater weight on whether a dwelling is available, and lowering the hurdle to meet that requirement. As a result, many people currently overseas, who believe they are not taxable in New Zealand, may have an unfortunate surprise because of the change in approach and weight placed by Inland Revenue on property retained in New Zealand.
The Soviets thought they had equality, and welfare from cradle to grave, until the illusory free lunch of redistribution took its inevitable course, and cost them everything they had: first to go was their privacy and freedom, then on being ground down to an equality of poverty only, for many of them their lives as they tried to escape a life behind the Iron Curtain. In the common good, was found only slavery to the prison of each other's mind; instead of the caring state, they got the surveillance state to keep them in line. So why are we accumulating a national debt to build the slave state again in the West?
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