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The 1980s were a period of considerable economic and tax reform in New Zealand. New Zealand had never had a formal capital gains tax system (unlike virtually every other OECD nation. The government was considering implementing a capital gains tax and issued a consultative document [ 2 ] as part of the (then) process of tax reform.
The Tax Working Group was established on 20 December 2017 with the stated goal of "examine further improvements in the structure, fairness and balance of the tax system." The Working Group will report to the New Zealand Government on the following matters: Whether the tax system operates fairly in relation to taxpayers, income, assets and wealth.
Goods and services tax (GST) is an indirect tax introduced in New Zealand in 1986. This represented a major change in New Zealand taxation policy as until this point almost all revenue had been raised via direct taxes. GST makes up 24% of the New Zealand Government's core revenue as of 2013. [37]
A tax treaty, also called double tax agreement (DTA) or double tax avoidance agreement (DTAA), is an agreement between two countries to avoid or mitigate double taxation. [1] Such treaties may cover a range of taxes including income taxes , inheritance taxes , value added taxes , or other taxes. [ 2 ]
Bell Gully is also the only New Zealand law firm to be ranked in the top tier of both International Tax Review's (ITR) World Tax 2020 [12] and World Transfer Pricing 2020. [ 13 ] Global Competition Review's GCR 100 [ 14 ] has recognised Bell Gully as having an 'elite' competition practice for the past 16 years, its highest ranking in New Zealand.
Pages in category "Treaties of New Zealand" The following 200 pages are in this category, out of approximately 310 total. This list may not reflect recent changes .
This is as long as the corporate tax haven has tax-treaties with the jurisdictions that accept "royalty payment" schemes (i.e. how the IP is charged out), as a deduction against tax. [3] A crude indicator of a corporate tax haven is the amount of full bilateral tax treaties that it has signed.
The Fourth Labour Government of New Zealand governed New Zealand from 26 July 1984 to 2 November 1990 (the period up to 8 August 1989 is also called the Lange Government). It was the first Labour government to win a second consecutive term since the First Labour Government of 1935 to 1949.