NZ should be net beneficiary of global clampdown on tax avoidance, Woodhouse says

Wed, 15 Jun 2016

By Paul McBeth June 15 (BusinessDesk) - New Zealand should reap more gains than losses in a worldwide clampdown on multinational firms using complicated structures to avoid paying tax, Revenue Minister Michael Woodhouse says. The country is taking part in the Organisation for Economic Cooperation and Development's efforts to plug gaps in international rules that have enabled global companies to shift profits to other jurisdictions harbouring low or no tax environments. While that will likely have an impact on New Zealand firms with inter...

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