Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Dunne: Malaysian DTA latest initiative in combatting evasion


Hon Peter Dunne
Minister of Revenue


Tuesday, 6 November 2012 Media Statement

Dunne: Malaysian DTA latest initiative in combatting evasion

Revenue Minister Peter Dunne today signed a protocol to amend the existing double tax agreement with Malaysia, which will now better equip both nations to exchange tax information to combat tax evasion.

"Double tax agreements help New Zealand-based businesses compete abroad and help make New Zealand a more attractive place to invest in by reducing tax impediments to cross-border income-earning,” Mr Dunne said.

Mr Dunne said updating the DTA with Malaysia is the latest in a series of initiatives New Zealand has undertaken to stamp out tax evasion.

“In the past month, we have committed to negotiate a FATCA agreement with the US Government; signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters; negotiated and signed a new DTA with Papua New Guinea and now updated our DTA with Malaysia,” he said.

“All these initiatives give us greater exchange of information to root out and eradicate tax evasion. Tax havens and evasion cannot exist in the bright searchlight of such information exchanges,” Mr Dunne said.

“In the global fight against tax evasion, the New Zealand Government takes its responsibilities very seriously and has been very active in this area. We will continue to explore further opportunities to clamp down on evasion” he said.

The text of the double tax agreement with Malaysia is available at www.taxpolicy.ird.govt.nz.
Ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Greens: Oil Drilling Face-Off With Labour

The plan is the second component of the Party’s environmental priority this election: Rivers clean enough to swim in again, and beaches safe from oil spills.

The Green Party loves New Zealand and will create a cleaner environment where our beaches remain open for swimming, not closed for oil spills.

The key policy points in the Green Party’s plan to protect our beaches from oil spills are to:
1. Prohibit deep sea oil drilling;
2. Implement compulsory shipping lanes for coastal shipping;
3. Build Maritime New Zealand’s oil spill response capability; and
4. Introduce a stronger legal framework so that when accidents do happen, the New Zealand taxpayer does not have to pay for the clean-up. More>>

 

Parliament Today:

Minister Told Of FBI Investigation, Says INZ: Coleman Must Quit Or Be Sacked Over Dotcom Case - Harré

Immigration New Zealand has done the right thing in distancing itself from Jonathan Coleman’s claims that ministers were not aware of FBI involvement in Kim Dotcom’s residency application, says the Internet Party. More>>

ALSO:

Valedictory Season: Maori Party Founders Say Goodbye

Two major Maori MPs gave there farewell speeches to Parliament Thursday outlining their history, experiences, triumphs and regrets. More>>

ALSO:

Resignation Not Accepted: Transport Minister Breaches Aviation Security Rules

"Running late for a plane at Christchurch Airport, I without thought breached airport and airline security rules by entering the gate lounge through a door usually used for exit only..." More>>

ALSO:

TAIC Report: Urgent Recommendations After Melling Rail Accident

The Transport Accident Investigation Commission has made four urgent recommendations to KiwiRail following the accident two months ago (27 May) when a Matangi passenger train collided with a stop block at Melling Station, Lower Hutt. More>>

ALSO:

Red Tape: Local Regulations Go Under Microscope

The Government says it is accepting nearly all of the recommendations the Productivity Commission has made on ways to improve local regulations. More>>

ALSO:

Spending Questions: Claudette Hauiti To Step Aside At Election

National Party President Peter Goodfellow confirms that he has received notification from List MP Claudette Hauiti that she plans to step aside at the 20 September election. More>>

ALSO:

EPA: Board Of Inquiry Rejects Basin Flyover By Majority Of 3 To 1

The independent Board of Inquiry delegated to decide on the Basin Bridge Proposal has, by a majority decision (3 to 1), cancelled the Transport Agency’s Notice of Requirement and declined its resource consent applications for the construction, operation and maintenance of a flyover on State Highway 1 in Wellington City... More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news