Daily Tax Report: International

Anti-Tax Avoidance Efforts Will Boost Revenue, New Zealand Says

Nov. 8, 2019, 5:51 PM

Recently installed measures to curb tax avoidance should lead to 200 million New Zealand dollars ($127 million) of extra tax revenue from multinationals, according to a senior tax official.

New Zealand’s Taxation (Neutralizing Base Erosion and Profit Shifting) Act 2018 made a series of changes to New Zealand’s international tax rules as a response to the OECD/G20 Base Erosion and Project Shifting (BEPS) project.

  • In the wake of the measures coming into effect, the New Zealand Tax office has updated its compliance focus on multinationals.
  • “Final tax returns for 2019 and 2020 haven’t been filed yet, so...
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