Tax Treaty Case Law around the Globe 2016
1. Aufl. 2017
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S. 3Chapter 1 New Zealand: Treaty Interpretation on an Exchange of Information
Craig Elliffe
1.1. Introduction
This case concerns the exchange of information made under the Korea-New Zealand double tax treaty. The Korean National Tax Service (NTS) asked the New Zealand revenue authorities (Inland Revenue) to obtain information in respect of New Zealand-based subsidiaries of a Korean multinational. The agent for the New Zealand subsidiaries (an accounting firm called Chatfield & Co) resisted providing this information and commenced proceedings for the judicial review of the actions of the New Zealand Commissioner.
There are two key questions addressed in the decision:
First, what is the position for a tax authority (New Zealand) when a taxpayer demands access to a request for information from a foreign tax authority (Korea)? Should the tax authority release the request for information from the foreign authority to the affected taxpayer?
Secondly, how should recent developments in the OECD Model on confidentiality requirements be interpreted? In particular, can the OECD Commentary be used to clarify the application of the confidentiality rules?
With respect to the first question above, an inter...