Advance Rulings: A Proposed Procedure

STRIKING THE BALANCE: TAX ADMINISTRATION, ENFORCEMENT AND COMPLIANCE IN THE 1990S, pp. 94-129, M. Gammie, A. Shipwright, eds., Institute for Fiscal Studies, 1996

19 Pages Posted: 13 May 2010

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 1996

Abstract

Taxation is a significant cost for most businesses. The viability of many transactions and operations will depend on how they are taxed. Doubts as to tax effects of certain transactions or operations can mitigated by an advance rulings procedure. The taxpayer can place proposals before the relevant revenue authorities and ask them to rule on their fiscal implications. With the increasingly complex nature of income tax law the need for advance rulings procedures has become more pressing. Countries that do not offer advance rulings have become the subject of much criticism.

Keywords: Advance Rulings, Income tax, Business tax

JEL Classification: K34

Suggested Citation

Prebble KC, John, Advance Rulings: A Proposed Procedure (1996). STRIKING THE BALANCE: TAX ADMINISTRATION, ENFORCEMENT AND COMPLIANCE IN THE 1990S, pp. 94-129, M. Gammie, A. Shipwright, eds., Institute for Fiscal Studies, 1996, Available at SSRN: https://ssrn.com/abstract=1604903

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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