Tax dept defines tax avoidance rules for first time in a generation

Tue, 02 Jul 2013

By Pattrick Smellie July 1 (BusinessDesk) – The Inland Revenue Department has spelled out its final view on what constitutes tax avoidance for the first time since 1990 in a 135 page document that the accounting profession and taxpayers have waited years to see. The last time a final determination on tax avoidance was released was in 1990, and the publication of new finalised guidelines has been delayed in the last five years by a string of wins in the courts for the tax department, which have fundamentally changed the way tax avoidance is de...

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