On 8 November 2016, the New Zealand government released an updated tax policy work programme for 2016-17. The work programme covers three main areas, including:
- Enhancements to tax policy within broad-base, low-rate (BBLR) tax settings;
- International tax and base erosion and profit shifting (BEPS); and
- Business transformation and Better Public Services.
The BEPS related work in particular includes:
- Consideration of foreign hybrid instruments and entities in the context of BEPS;
- The establ…