Tax Alert 

Taxing multinationals – What exactly is New Zealand doing about it?

Well, a lot actually. Media coverage and debate in New Zealand and around the world in relation to the level of tax paid by multinationals continues, with a growing number calling on the New Zealand government “to do something”.  There has been more political pressure of late from opposition politicians. The tax issues are complex and as a result there is much misinformation, especially in the New Zealand context.

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Also in this issue

• New Zealand trust disclosure rules: Not fit for purpose but fixable
• Withholding tax now applies to bright line residential land sales by offshore vendors
• Update on GST on low value goods
• Government sets out framework for taxing inbound investment
• A snapshot of recent developments