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New Zealand BEPS Tax Bill Introduced

|Proposed Changes|New Zealand
New Zealand

On 6 December 2017, the Taxation (Neutralising Base Erosion and Profit Shifting) Bill was introduced into the New Zealand Parliament. The Bill contains measures that will prevent multinationals from using:

  • Artificially high interest rates on loans from related parties to shift profits out of New Zealand;
  • Hybrid mismatch arrangements that exploit differences between countries’ tax rules to ach…

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