NZ passes law to stop tax avoidance by multinationals

NZ passes law to stop tax avoidance by multinationals
The taxman will begin cracking down on multinational companies rorting the system next week. The Taxation (Neutralising Base Erosion and Profit Shifting) Bill passed its third reading Parliament on Tuesday evening and will come into effect on Sunday.
NZ passes law to stop tax avoidance by multinationals