Govt considers dumping reduced reporting for multi-nationals

Fri, 25 Oct 2013

By Pattrick Smellie Oct. 25 (BusinessDesk) – The government is looking at ditching a rule change that would hide the financial statements of multi-national companies’ operating in New Zealand from public eyes. At present, foreign-owned companies operating in New Zealand are required to lodge financial statements with the Companies Office, where they are publicly available, but the Financial Reporting Bill before Parliament now would axe that requirement for all but the largest multi-nationals operating here. In an August paper to Ministers...

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