CORRECT: NZ's biggest companies may face 'enormous compliance burden' from OECD tax dragnet

Jonathan Underhill
Mon, 05 Oct 2015

(Fixes spelling of Todd McClay in 16th paragraph) By Jonathan Underhill Oct. 6 (BusinessDesk) - Fonterra Cooperative Group is likely to be among some 20 New Zealand companies left dealing with increased red tape to comply with wide-ranging reforms to corporate tax rules proposed by the Organisation for Economic Cooperation and Development and expected to be endorsed by the world's 20 most powerful nations. The OECD/G20 Base Erosion and Profit Shifting (BEPS) project is targeting global tax losses estimated at US$100 billion to US$240 b...

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