Author : K.J. (Kevin) Holmes
Release : 2018
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis New Zealand Taxpayer Not Entitled to Foreign Tax Credit for Tax Sparing Granted to Controlled Foreign Company by : K.J. (Kevin) Holmes
Download or read book New Zealand Taxpayer Not Entitled to Foreign Tax Credit for Tax Sparing Granted to Controlled Foreign Company written by K.J. (Kevin) Holmes. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: This note summarizes the New Zealand Court of Appeal's decision in Commissioner of Inland Revenue v. Lin, which overturned the High Court's 2017 ruling that a New Zealand-resident taxpayer with relevant interests in certain controlled foreign companies in China was entitled to a foreign tax credit for both tax paid in China by the controlled foreign companies and to tax spared in China arising from tax concessions granted to those companies.