New Zealand Law Journal articles and Tax Updates from 2003.

December 2003: Jan James and Barney Cumberland, Simpson Grierson, discuss tax policy re trans-national investments and payments.

October 2003: Update on various issues, including the taxation of New Zealanders' investments in Australian unit trusts, non-resident contractors' withholding tax and income tax underpayments.

September 2003: Discussion of two GST cases: the first ever case where the GST anti-avoidance provision was successfully invoked, and the GST-exempt supply of shares carrying golf club membership rights.

August 2003: Review of the Taxation (Annual Rates, GST, Trans-Tasman Imputation and Miscellaneous Provisions) Bill and proposed tax disputes procedures reforms

July 2003: The proposed "deferred deduction" rule to combat "promoted" arrangements where deductions exceed income in early years and money is not "at risk", and the Privy Council's decision on time bar waivers.

June 2003: Tax highlights in the 2003 Budget.

May 2003: Discussion of the tax implications of asset transfers for no consideration, such as gifts, transfers under wills and "in kind" distributions.

April 2003: Discussion of three recent cases concerning depreciable intangible property, "double-dipping" for GST input tax credits and the repayment of GST refunds upon the cancellation of sale and purchase agreements.