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Taxation (International Investment and Remedial Matters) Bill – international tax reforms extended

|Proposed Changes|New Zealand
New Zealand

On 26 October 2010, the Taxation (International Investment and Remedial Matters) Bill was introduced into Parliament to make further reforms to the international tax regime.

Background

In 2009, an active income exemption was introduced for foreign companies controlled by New Zealand companies (CFCs). An "active business test" is passed where passive income…

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