PIR tagged posts

NZ Investigates Taxation of Foreign-Owned PIEs

April 16, 2010 New Zealand Taxation

Wellington, New ZealandA new issues paper has been released, seeking views on two possible legislative changes concerning the tax treatment of non-residents investing in portfolio investment entities (PIE).

On April 14th Peter Dunne, New Zealand Revenue Minister, announced the release of Allowing a zero percent tax rate for non-residents investing in a PIE, an official New Zealand Government Issues Paper. The release of the paper is spurned by the International Fund Services Development Group (IFSDG), which was formed in April 2010 to advise the New Zealand Government on the changes required to create an international fund-service sector in New Zealand...

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