NZ govt happy to give Australia time to bring in trans-Tasman imputation credits

Tue, 09 Jun 2015

By Paul McBeth June 10 (BusinessDesk) - The New Zealand government is still pushing for a shared trans-Tasman tax scheme recognising imputation credits on dividends, which it says is the single biggest step to a closer economic relationship, but is willing to give Australia time to bring it in. In a submission to Australian Prime Minister Tony Abbott's white paper on tax reform, the New Zealand government resumed its push to introduce mutual recognition of the credits, removing the double-tax investors currently face on their cash distrib...

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