On 6 December 2017, the Taxation (Neutralising Base Erosion and Profit Shifting) Bill was introduced into the New Zealand Parliament. The Bill contains measures that will prevent multinationals from using:
- Artificially high interest rates on loans from related parties to shift profits out of New Zealand;
- Hybrid mismatch arrangements that exploit differences between countries’ tax rules to achieve an advantageous tax position;
- Artificial arrangements to avoid having a taxable presence in New…