For developing countries,raising revenues and protecting their tax bases are more important than ever in recovering from the pandemic.As a small developed country,New Zealand endeavours to provide capacity building as...For developing countries,raising revenues and protecting their tax bases are more important than ever in recovering from the pandemic.As a small developed country,New Zealand endeavours to provide capacity building assistance to developing regions,especially the Pacific Islands.Assistance provided encompasses the development of core taxation systems as well as international tax matters such as the establishment of exchange of information programmes and the implementation of international tax standards.Working in partnership with international and regional organisations has proved beneficial,as demonstrated in the Pacific Initiative delivered over the last two years.Cost-effective and well-organised virtual delivery of training courses has functioned particularly well during the pandemic and will continue to feature prominently in future assistance work.展开更多
There have been significant concerns globally regarding the undertaxation of multinational enterprises(MNEs).New Zealand has considerably relied on MNEs in terms of income tax collection.Consequently a full range of m...There have been significant concerns globally regarding the undertaxation of multinational enterprises(MNEs).New Zealand has considerably relied on MNEs in terms of income tax collection.Consequently a full range of measures to combat base erosion and profit shifting(BEPS)by MNEs have been implemented,guided by the products emanating from the OECD’s BEPS Action Plan.These law changes have been buttressed by the New Zealand tax administration through undertaking a robust intelligence-led tax compliance programme targeting high risk sectors and issues involving MNEs.Inevitably there have been some trade-offs in taking this approach,but New Zealand regards the desired behavioural shifts by MNEs as a direct result of this substantial work on BEPS,with little material impact on the level of foreign direct investment.展开更多
文摘For developing countries,raising revenues and protecting their tax bases are more important than ever in recovering from the pandemic.As a small developed country,New Zealand endeavours to provide capacity building assistance to developing regions,especially the Pacific Islands.Assistance provided encompasses the development of core taxation systems as well as international tax matters such as the establishment of exchange of information programmes and the implementation of international tax standards.Working in partnership with international and regional organisations has proved beneficial,as demonstrated in the Pacific Initiative delivered over the last two years.Cost-effective and well-organised virtual delivery of training courses has functioned particularly well during the pandemic and will continue to feature prominently in future assistance work.
文摘There have been significant concerns globally regarding the undertaxation of multinational enterprises(MNEs).New Zealand has considerably relied on MNEs in terms of income tax collection.Consequently a full range of measures to combat base erosion and profit shifting(BEPS)by MNEs have been implemented,guided by the products emanating from the OECD’s BEPS Action Plan.These law changes have been buttressed by the New Zealand tax administration through undertaking a robust intelligence-led tax compliance programme targeting high risk sectors and issues involving MNEs.Inevitably there have been some trade-offs in taking this approach,but New Zealand regards the desired behavioural shifts by MNEs as a direct result of this substantial work on BEPS,with little material impact on the level of foreign direct investment.
