25. Is foreign investment liable for this tax?
Answer
For sure all productive assets are subject to this minimal tax threshold, irrespective of ownership.
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James Turnbull commented 2016-12-07 23:00:50 +1300So, presumably then that means that this can be avoided by a NZ business setting up an independent entity overseas … and perhaps reverse takeover buying out the original NZ owned entity ? -
Oliver Krollmann followed this page 2016-12-07 10:31:42 +1300