Lizard
10-11-2007, 08:47 AM
The proposed changes to company tax to allow for an exemption on active overseas income from controlled foreign companies seem positive.
Media Release - 12 October (http://www.taxpolicy.ird.govt.nz/index.php?view=548)
IRD Issues Paper (http://www.taxpolicy.ird.govt.nz/publications/files/intnlip1.pdf)
I'm weak on tax knowledge, but I'm interested in any comments as to the extent to which this could effect company earnings on our listed companies?
(If this topic has been covered elsewhere on ST, please re-direct me.)
Media Release - 12 October (http://www.taxpolicy.ird.govt.nz/index.php?view=548)
IRD Issues Paper (http://www.taxpolicy.ird.govt.nz/publications/files/intnlip1.pdf)
I'm weak on tax knowledge, but I'm interested in any comments as to the extent to which this could effect company earnings on our listed companies?
(If this topic has been covered elsewhere on ST, please re-direct me.)