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AUT changes a "revenue protection issue": Cullen
Tuesday 14th of October 2003
The government is taking another look at tax treatment of investment flowing both in and out of New Zealand.Finance Minister Michael Cullen, on Friday, announced the release of a discussion paper on reforming the taxation of New Zealanders’ investments in offshore equities.
One option being canvassed is the risk-free rate of return method flagged in the McLeod Tax Review of 2001.
Cullen...
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