IRD eyes hybrid instruments, related party debt in global tax avoidance clamp-down

Paul McBeth
Wed, 02 Dec 2015

By Paul McBeth Dec. 2 (BusinessDesk) - The Inland Revenue Department is looking at the tax treatment of hybrid debt and equity instruments and the use of related party loans funding local subsidiaries as part of a global clamp-down on tax avoidance.  Acting deputy commissioner of policy and strategy David Carrigan told Parliament's finance and expenditure select committee that New Zealand's thin capitalisation and transfer pricing rules for foreign companies are "robust," but it is looking into two areas where it can tighten up for potent...

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