The report of the Consultative Committee on the taxation of the life assurance industry was published on 4 September 1989. The report promotes fiscal neutrality by suggesting that the taxation of investment via life assurance should conform as closely as possible to the taxation of other forms...

Tax measures in the 1989 Budget included a broadening of the base and reduction of the rates of land tax. As from May 1990 employers are to be required to account for compulsary deduction of “pay as you earn” income tax withheld from salaries and wages twice a month rather than once a month....

In connection with the New Zealand Government's review of the taxation of the petroleum extraction industry, the Minister of Energy announced in 1989 that one proposal for reform was to eliminate current deductibilty of drilling and exploration costs

A report on a conference organised jointly by the Institute of Policy Studies, Wellington, the Asian Pacific Tax and Investment Centre, Singapore, and the Australian Tax Research Foundation, Sydney. The purpose was to study judicial and legislative anti-avoidance measures and treaty policies in...

In the late 1980s New Zealand undertook a process of adopting a new income tax regime for companies, and in particular for controlled foreign companies. The new rules reflected a change from a classical to an imputation system. The rules were designed to frustrate avoidance deferral that was...

This document is the final report of the Consultative Committee on Full Imputation and International Tax Reform. This final report outlines the Committee's recommendations on the outstanding issues relating to both sets of reforms. It explains the policy behind draft legislation produced by the...

New Zealand employs a full imputation system for company taxation. That is, to avoid double taxation of corporate profits companies may impute, or pass on proportionately to their shareholders, the benefit of all tax paid at company level. The present document is the report of the Consultative...

In 1984 New Zealand began a major programme of tax reform. The changes were part of wider economic reforms enacted by the Fourth Labour Government. There were large cuts to the level of income tax and an introduction of a Goods and Services Tax, that is, a VAT. The changes were favourable to...

Delegates from the Institute of Policy Studies at Victoria University of Wellington and the Australian Tax Research Foundation met with taxation experts from Canada and Sweden. The two countries have well developed advance rulings procedures. The questions that the meeting discussed are set out...