Tax Alert - November 2010Focus on topical tax issues |
Tax Alert is a monthly publication that keeps you up to date with the latest developments in tax. The alert is compiled by our national tax specialists who are continually monitoring the outlook for new tax developments and analysing the implications for our clients.
“LAQCs” out, “Look Through Companies” in!
The New Zealand income tax system will soon allow for a new type of tax entity called a “look through company” as a replacement for the qualifying company (including the loss attributing qualifying company or LAQC). Deloitte middle market tax specialist Darren Johnson suggests that, while the Government and officials should be commended on the broad content of the proposals, the changes fall short in that they should apply to all companies by election.
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Tax Alert - November 2010
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