CORRECT Corporates urge policy makers to ditch trans-Tasman double tax on dividends

Mon, 03 Sep 2012

(Fixes incorrect name of study's author CIE in 2nd par) By Paul McBeth Sept. 3 (BusinessDesk) - New Zealand business lobbyists are urging policy makers to ditch the double taxation of dividend returns that cross the Tasman, saying it deters investment and holds back economic growth. Mutually recognising imputation and franking credits, where businesses provide against tax on shareholder returns for tax paid at the company level, would lift trans-Tasman gross domestic product by $5.3 billion by 2030, according to a study by the New Zealand I...

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