Exchange of Information and International Tax Changes
International Bureau of Fiscal Documentation Tax News Service, Vol. 27, pp. 20-21, 1993
3 Pages Posted: 1 Apr 2010 Last revised: 29 Jul 2010
Date Written: 1993
Abstract
Commissioner of Inland Revenue (New Zealand) v E.R. Squibb & Sons Ltd (1992) 14 NZTC 9146 (CA) interpreted the exchange of information article in a double tax treaty. The case held that confidentiality terms in the article prevented discovery of information disclosed under the exchange information rules.
The Government announced further changes to the international tax regime in the 1992 Budget, described in this article.
Keywords: Tax law, law reform in New Zealand, double tax treaties, international tax regime, exchange of information.
JEL Classification: K34
Suggested Citation: Suggested Citation