The Resource Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule

Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule

Label
Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule
Title
Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule
Creator
Subject
Language
  • eng
  • eng
Summary
The tax burden on high-income individuals in New Zealand has created a demand for investments, commonly known as tax shelters, which produce tax losses. The creation and exploitation of tax losses is an integral feature of these schemes and enables investors to enjoy a positive return whether or not the underlying investment is a commercial success. These schemes are of concern to legislators and tax policy advisers for two reasons: (i) if left unchecked, the schemes could pose a significant threat to a country's tax base, and (ii) incentives are created for investing in certain sectors based solely on tax considerations rather than the usual commercial criteria. New Zealand recently responded to these schemes by enacting anti-avoidance provisions to deal specifically with what the government calls "mass-marketed tax schemes". This article outlines and reviews the new anti-avoidance provisions
Citation source
In: Bulletin for international fiscal documentation. - Amsterdam. - Vol. 59 (2005),
http://library.link/vocab/creatorName
  • Smith, A.M.C
  • Dunbar, D.G
Geographic coverage
Pacific Islands
Language note
English
http://library.link/vocab/subjectName
  • anti-avoidance
  • investment incentive
Label
Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule
Instantiates
Publication
Note
20050630
Other control number
bifd060505.pdf
Label
Tax avoidance schemes in New Zealand : limited-recourse loans and the deferred-deduction rule
Publication
Note
20050630
Other control number
bifd060505.pdf

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.3736660 4.9336932
Processing Feedback ...