Inland Revenue have changed their guidance on avoiding 'over-taxing', amid criticism about promoting tax avoidance.
The tax department published a fact sheet explaining the Government’s plan to increase the trustee tax rate from 33 to 39 percent to align with the top income tax rates.
NZ Herald Wellington business editor Jenee Tibshraeny says the IRD publishing these changes is an admission that laws around trusts are inherently complicated.
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