Frucor digs in over tax dispute as other firms settle

Tue, 24 Nov 2015

By Paul McBeth Nov. 24 (BusinessDesk) - Frucor Beverages, the Suntory Holdings-owned drinks maker whose brands include V, Just Juice and Fresh-up, is still embroiled in a dispute with the Inland Revenue Department over its use of convertible notes more than a decade ago, leaving it as an outlier with other firms cutting their losses and settling. The Auckland-based company still contends the tax department's position is incorrect, and is waiting on the outcome in a similar dispute, which has led to a stay on proceedings in its own case,...

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