On 27 June 2016, New Zealand Inland Revenue published four papers concerning base erosion and profit shifting (BEPS) and related issues.
Government Inquiry into Foreign Trust Disclosure Rules
The inquiry examines whether New Zealand’s foreign trust disclosure rules are adequate in light of the release of the Panama Papers and when considered alongside New Zealand's commitment to various OECD and other international agreements. In short, the inquiry concludes that the existing foreign trus…