In the latter half of the 1980s the tax climate in Australia and New Zealand changed markedly. While throughout the world there were major tax reforms, the changes in Australasia were more fundamental, and both structural and radical. Major changes that were adopted in one or both of the two...

In his Technical Information Bulletin of February 1990 the Commissioner of Inland Revenue issued a policy statement on Section 99 of the New Zealand Income Tax Act 1976. Section 99 is a general anti-avoidance provision that voids for income tax purposes arrangements that have the purpose or...

The New Zealand Income Tax Amendment Act 1989 completed the reform of the New Zealand laws on the taxation of superannuation schemes. The object was to bring the taxation of superannuation schemes into line with the taxation of other forms of saving. The Act introduces the specified...

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