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Officials' advice

Closely-held Companies Follow up: Discussion Paper for Session 14 of the Tax Working Group

Issue date: 
Thursday, 20 September 2018
Version note: 

Prepared by Inland Revenue and the Treasury for the Tax Working Group and dated July 2018.

Other papers from this meeting: Meeting 14: 19 July 2018.

Other papers on this theme: Integrity.

This paper follows on from the papers Dividend Avoidance and Closely-held Companies that were discussed by the Group in Session 6.  Those papers highlighted the pressures on the taxation of closely-held companies due to inconsistencies in treatment between companies and individuals arising out of differences between the company and personal tax rates and the taxation of capital gains.  This paper discusses some options to address those inconsistencies.

Last updated: 
Monday, 17 September 2018