Inland Revenue - Tax policy Tax Policy

News and information about the Government's tax policy work programme, including:
- proposed changes to the laws that Inland Revenue is responsible for
- updates on the progress of bills through Parliament
- policy announcements

Consultation

A Government discussion document, Information sharing between Inland Revenue and the Ministry of Social Development, seeks views on changes to existing information sharing arrangements between Inland Revenue and the Ministry of Social Development.

The discussion document includes proposals to:

- bring together the various current information sharing agreements between Inland Revene and the Ministry of Social Development into one agreement;

- extend the information sharing to enable targeted housing assistance to those in need; and

- extend the information sharing to verify a student’s and their parents’ income in assessing student allowance entitlements.

Online consultation - https://www.govt.nz/Info-sharing-IR-and-MSD

Submissions close on 16 December 2016.

Hybrid mistmatch arrangements are one of the main base erosion and profit shifting (BEPS) strategies used by some large international companies to pay little or no tax anywhere in the world.

The OECD developed recommendations for anti-hybrid measures in its 15 point Base Erosion and Profit Shifting (BEPS) Action Plan.

A Government discussion document, Addressing hybrid mismatch arrangements, seeks comments on how the OECD recommendations could be implemented in New Zealand:

Part I of the document describes the problem of hybrid mismatch arrangements, the case for responding to the problem, and a summary of the OECD recommendations.

Part II of the document explains the OECD recommendations in greater depth and discusses how they could be incorporated into New Zealand law.

Submissions closed on 11 November 2016 (extended from 17 October 2016).