Private equity update - Proposed tax changes may restrict ability to claim interest deductions in New Zealand
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Inland Revenue has released an Issues Paper outlining possible changes to New Zealand's thin capitalisation regime. Some of proposed changes have significant ramifications for funding structures that non-resident's use to make New Zealand company acquisitions, including in the context of private equity transactions. In particular, companies owned 50% or more by non-residents may be restricted in their ability to claim interest deductions ... READ MORE
Released by MinterEllisonRuddWatts - 24 January 2013