New Zealand taxpayers fear GAAR’s scope is increasing after Alesco ruling

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New Zealand taxpayers fear GAAR’s scope is increasing after Alesco ruling

Joe Dalton
March 14 2013
alesco-small.jpg

New Zealand taxpayers will be worried the country’s general anti-avoidance rule (GAAR) is increasingly being used to effectively re-write deficient legislation and to set aside specific legislation, after the Court of Appeal found against Alesco in a tax avoidance case.

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