OrbitaxExposure draft – Income tax credit for state income tax paid in United States
|Proposed Changes|New Zealand
Inland Revenue has released an exposure draft for public comment concerning whether a tax credit should be given in New Zealand for state income tax paid in the United States.
The argument put forward in the exposure draft is that:
| - | a tax credit for United States state income tax is allowed under subpart LJ of the Income Tax Act 2007, provided the state income ta… |
