Microsoft tax settlement a ‘really good deal’ – tax expert

Microsoft tax settlement a ‘really good deal’ – tax expert
Dan Brunskilll
Microsoft’s $24.7 million settlement with the Inland Revenue Department was a “really good deal” for New Zealand in what’s becoming a global tussle for multinational tax receipts.Tax expert Robin Oliver – a former deputy commissioner at IRD – said the settlement was a sign that multinationals had accepted a global change in attitude towards profit shifting from one country to another, a strategy used by multinational companies to pay as little tax as lawfully possible.“New Zealand has traditionally been accommodating to multinationals, which ha...

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ComCom pushes KiwiRail to compensate customers for cancelled ferry sailings
Law & Regulation

ComCom pushes KiwiRail to compensate customers for cancelled ferry sailings

More people whose travel plans are derailed by Interislander ferry cancellations will now be eligible for compensation.Interislander, which is owned by the state-owned enterprise KiwiRail, is loosening its approach towards compensating customers affected by mechanical breakdowns...

TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025
Ministry for Regulation turns its eye to telecommunications
Law & Regulation

Ministry for Regulation turns its eye to telecommunications

Minister for Regulation David Seymour and Media and Communications Minister Paul Goldsmith said the Ministry for Regulation's fourth sector review will focus on the telecommunications sector.The ministers have decided to implement the review on the back of concerns raised by...

Rebecca Howard 16 Apr 2025
Grocery commissioner doubles down on supermarket shake-up
Retail

Grocery commissioner doubles down on supermarket shake-up

Pierre van Heerden wants to change wholesale supply and bring in a big third player.

Garth Bray 16 Apr 2025