World Business NewsA round up of the latest news for those doing business internationally
New Zealand active in OECD BEPS talks
Zone(s): New Zealand ¦ Sector(s): Taxation
[26 June 2014, Tax-News.com] By Mary Swire, Tax-News.com, Hong Kong: Senior New Zealand tax officials have been working with the Organization for Economic Co-operation and Development (OECD) in Paris to support its efforts to develop “deliverables” to propose to Group of Twenty (G-20) leaders in September, as part of its action plan to counter base erosion and profit shifting, Revenue Minister Todd McClay said. A 15-point action plan was proposed by the OECD late last year to counter international tax planning that was said to be eroding nations’ tax bases. “Now that we are nearing completion of the first parts of the plan, our officials are at the OECD supporting their delivery,” Mr McClay said.