New Zealand has been active in implementing measures to address BEPS. Brendan Brown and Joshua Aird of Russell McVeagh in New Zealand explain the latest proposals that include measures to address permanent establishment avoidance, significant changes to the transfer pricing rules and an interest rate cap (among other measures) to limit related party interest deductions.
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While some may argue that heads should roll following KPMG Australia’s audit leak scandal, client and revenue data emphasises that tax team stability is paramount
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