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...

In 1987, New Zealand taxpayers could avoid tax by establishing foreign corporations in which they held a controlling shareholding in low tax jurisdictions. This avoidance could occur in two ways. First, through using the foreign corporation to intercept passive income, such as interest or...