Inland Revenue's tax avoidance draft welcomed
A tax specialist has welcomed Inland Revenue's decision to release a draft statement on the principles of tax avoidance. Peter Boyce, tax partner with PricewaterhouseCoopers, described the decision to define what constitutes tax avoidance as a significant step forward.
Sunday, September 26th 2004, 4:47PM
by The Landlord
Problems arose when the legislation intended taxpayers to take advantage of concessions in the law, but did not define where those benefits ended.
The draft document is available on the IRD's website, www.ird.govt.nz, and submissions close on December 17.
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