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...

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....

A report on the International Tax Workshop of the University of New South Wales Taxation, Business, and Investment Law Centre held in August 1988. An important topic of the conference was the proposed Australian controlled foreign company and foreign trust legislation

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...