Imputation Credits for Foreign Portfolio Investors
Victoria University of Wellington; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; Monash University
International Bureau of Fiscal Documentation Tax News Service, Vol. 27, pp. 318-319, 1993
Imputation credits are to be extended to non-resident portfolio investors in New Zealand companies in the Taxation Reform Bill No 7 of 1993. New Zealand’s corporate tax system operates by full imputation as far as resident shareholders are concerned. Imputation credits are to be allowed against withholding tax liability in respect of dividends paid to portfolio investors.
Number of Pages in PDF File: 3
Keywords: Imputation credits, law reform in New Zealand, foreign portfolio holders.
JEL Classification: K34Accepted Paper Series
Date posted: April 2, 2010 ; Last revised: July 22, 2010
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