The Resource Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?

Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?

Label
Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?
Title
Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?
Creator
Subject
Language
eng
Summary
This article reviews to what extent it has proven possible for taxpayers in Australia and New Zealand to circumvent the controlled foreign company (CFC) and foreign investment fund (FIF) taxation regimes. It identifies whether legitimate tax avoidance has been a realistic possibility in practice - perhaps using exotic legal entities in countries as geographically diverse as Liechtenstein and Samoa; or whether non-disclosure of offshore interests amounting to tax evasion has become more the norm under the self-assessment rules that now operate for taxpayers in each country. It considers various applicable sections in the Australian Income Tax Assessment Act 1936 and the New Zealand Income Tax Act 1994; and in particular, it examines the effectiveness of specific anti-avoidance rules in both jurisdictions as well as the impact of the general anti-avoidance provisions
Citation source
In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 10 (2004),
http://library.link/vocab/creatorName
Gurney, P.B
Language note
English
http://library.link/vocab/subjectName
  • CFC
  • foreign investment fund
  • tax avoidance
  • GAAR
  • self-assessment
Label
Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?
Instantiates
Publication
Label
Circumventing the controlled foreign company and foreign investment fund regimes in Australia and New Zealand : has legitimate tax avoidance been possible?
Publication

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