Microsoft among MNEs facing greater scrutiny in New Zealand
January 19, 2017
Microsoft’s New Zealand unit is one of several companies that will be subjected to a transfer pricing audit as the tax authority ramps up its scrutiny of the technology sector.
As the global tax landscape evolves and the OECD’s BEPS Project moves forward, New Zealand’s tax authority, the Inland Revenue Department (IRD), is focusing on the tax arrangements used by the IT industry that will capture a range of large multinational corporations with operations in the country.
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