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New Zealand is one of 130 countries and jurisdictions, representing more than 90% of global GDP, who have joined the new framework for international tax reform.
The OECD says the framework updates key elements of the century-old international tax system, which is no longer fit for purpose in a globalised and digitalised 21st century economy.
NZ is in the top Tax rate for corporations in the OECD with a rate of 28 percent.
Rebecca Stevenson is BusinessDesk's head of news.
