Taxing the Sharesies generation

(Image: Getty)

Wed, 15 Nov 2023

This financial year, the Inland Revenue Department may finally solve the problem for charities of “apportioning business income under s CW 42 where purposes are not limited to New Zealand”.But with the CW 42 issue second in line for flicking off to external consultation, who knows?If not, the Inland Revenue Department (IRD) has plenty of other work to be getting on with during the fiscal period, including an in-depth look at the tax responsibilities of online platform direct share dabblers.The tax authority has been eyeing up...

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