In June, the government published a discussion document proposing important reforms to the taxation of partnerships and the codification of some existing practices. The proposals have been released in anticipation of the introduction of a limited partnership regime. Rather than devising new laws which will apply exclusively to limited partnerships, the government has taken the initiative to clarify and modernise the tax treatment of partnerships generally.

The current New Zealand PVR Act is over 30 years old, and is being reviewed with a view to bringing it more in line with the corresponding Acts of many of New Zealand's trading partners.

The Base Erosion and Profit Shifting Project aims to reduce tax minimisation opportunities created by the global economy.