IRD files to liquidate ex-MediaWorks holding companies over $22.1 mln tax bill

Tue, 19 Nov 2013

By Paul McBeth Nov. 20 (BusinessDesk) - The Inland Revenue Department has filed applications to liquidate former MediaWorks companies over a disputed $22.1 million relating to past financing arrangements that have since been deemed avoidance in the courts. The receivers of Ex-RW and Ex-TVW, previously known as RadioWorks and TVWorks, will work with the appointed liquidator after the sale of the business to its lenders fell short of raising funds to pay the tax bill, KordaMentha’s Brendon Gibson said in a statement. The IRD’s application is...

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