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New Zealand's 1988 International Tax Regime for Trusts

Australian Tax Forum, Vol. 6, pp. 65-87, 1989

Victoria University of Wellington Legal Research Paper No. 29/2012

24 Pages Posted: 31 Mar 2010 Last revised: 18 Apr 2015

John Prebble QC

Victoria University of Wellington - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 1989

Abstract

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 previously achievable by residents through the use of controlled foreign companies. Coupled with the introduction of this reform was a new regime for the taxation of trusts, reflecting the fact that trusts are often employed as substitutes for companies.

Keywords: Trusts, Foreign Companies, Tax, Reform

JEL Classification: K34

Suggested Citation

Prebble QC, John, New Zealand's 1988 International Tax Regime for Trusts (1989). Australian Tax Forum, Vol. 6, pp. 65-87, 1989; Victoria University of Wellington Legal Research Paper No. 29/2012. Available at SSRN: https://ssrn.com/abstract=1580507

John Prebble QC (Contact Author)

Victoria University of Wellington - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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