APN seeks adjournment in case challenging IRD finding of tax avoidance

Mon, 22 Feb 2016

By Fiona Rotherham Feb. 22 (BusinessDesk) - Australian publisher APN News and Media, publisher of the New Zealand Herald newspaper, has sought to adjourn its High Court challenge to an Inland Revenue Department finding it avoided paying tax in through arrangements with its New Zealand subsidiary. The case is the latest in a string of cases involving the use of convertible notes to finance trans-Tasman acquisitions in the 2000s, all of which until now have either been lost or settled before they got to court. The adjournment has been so...

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