Tax Avoidance, International Tax Arbitrage, and New Zealand as a Haven for Foreign Capital and Income
Victoria University of Wellington; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; Monash University
New Zealand Association for Comparative Law Yearbook, Vol. 15, pp. 103-116, 2009
New Zealand is not a promising jurisdiction to serve as a tax haven. The country has relatively high rates of taxation for residents and New Zealand sourced income. Further, 2008 and 2009 saw several major anti-avoidance cases against New Zealand taxpayers. The cases included not only the usual domestic tax shelters but also a substantial attack on tax avoidance by banks that engage in international tax arbitrage. The tax planning of the banks involved exploiting differential treatments of a stream of revenue that flowed from one jurisdiction to another.
Number of Pages in PDF File: 14
Keywords: Income Tax Law, Tax shelters, anti-avoidance
JEL Classification: K34Accepted Paper Series
Date posted: June 25, 2010
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