The purpose of this book is to explore the taxation of income flows in the business area with particular reference to the international tax treatment of equity investments (company shares) in Australia and New Zealand. The focus is on tax policy as viewed from a tax planning perspective, i.e. the likely responses of taxpayers to tax changes already made and in progress are investigated to see whether the changes are likely to achieve their purpose and, if they do, whether the costs are too high.

The book looks at the Australian and New Zealand dimensions of:

• Tax planning and tax reform
• Imputation
• Foreign income of residents
• The domestic income of non-residents
• Transfer pricing
• Interaction of the Australian and New Zealand tax systems