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New Zealand aims to simplify tax compliance
Zone(s): New Zealand ¦ Sector(s): Taxation
In his opening remarks, he said the nation’s broad-based, low-rate (BBLR) regime has been fundamental to its economic recovery following the global financial crisis. “BBLR means tax administration benefits from a regime based on voluntary compliance,” he said. “It’s an efficient way to run a tax system as long as compliance remains high. This works well for us in New Zealand.