TY - JOUR AU - Sawyer, Adrian PY - 2022/01/26 Y2 - 2024/03/29 TI - Professor John Prebble's Guiding Hand in New Zealand's Advance (Binding) Rulings Regime JF - Victoria University of Wellington Law Review JA - VUWLR VL - 52 IS - 4 SE - Articles DO - 10.26686/vuwlr.v52i4.7426 UR - https://ojs.victoria.ac.nz/vuwlr/article/view/7426 SP - 939-962 AB - <p>At first glance, one could be excused for concluding that New Zealand's advance (binding) rulings regime can be traced to a Government budget announcement in 1992. In reality, the early efforts of Professor John Prebble in the mid-1980s laid the groundwork that eventually resulted in a binding rulings regime commencing in 1995. John's contributions not only provided input from reviewing comparative jurisdictions, but also a draft code. Furthermore, post-regime, John was instrumental in endorsing the regime through his membership of the Committee of Experts on Tax Compliance (the Committee). Beyond this, further refinements to the regime (including more cost-efficient and accessible short process rulings) to a large degree reflect John's early observations. That is, businesses need certainty when making decisions that affect their tax obligations imposed by complex legislation and they should have access to a facility that can enhance that certainty.</p> ER -