The New Zealand Controlled Foreign Company Regime
Asian-Pacific Tax and Investment Bulletin, Vol. 8, pp. 186-200, 1990
15 Pages Posted: 31 Mar 2010 Last revised: 18 Apr 2015
Date Written: 1990
Abstract
In the late 1980s New Zealand signaled its intention to pass legislation to prevent resident shareholders from using controlled foreign companies to avoid tax. Controlled foreign companies all operate in a similar fashion. The regimes apply to non-resident companies that are owned or controlled by residents of the country that enacts the regime, and the rules apply to these resident owners or controllers, who are ordinarily shareholders in the companies in question.
Keywords: Anti-avoidance, Controlled foreign companies, Tax
JEL Classification: K33, K34
Suggested Citation: Suggested Citation