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

Dan Brunskilll
Tue, 03 Dec 2019

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...
Markets
MARKET CLOSE: NZ shares flat as tech rally balances covid fears
Dan Brunskill | Thu, 13 Aug 2020

New Zealand shares edged higher as gains in local software companies spurred on by Wall Street's tech rally just offset the general malaise of the latest covid-19 lockdown.  The S&P/NZX 50 Index ro...

Coronavirus FREE
PATTRICK SMELLIE: Covid's other resurgence: rumour, conspiracies and doubt
Pattrick Smellie | Thu, 13 Aug 2020

With the re-emergence of covid-19 community transmission and the sudden return to higher lockdown alert levels, the arguments that dominated the first period of lockdown are re-emerging too. The so...

Property
No plans to list on ASX, but Ryman may ask shareholders to reinvest divs
Paul McBeth | Thu, 13 Aug 2020

Ryman Healthcare is keen on pursuing growth across the Tasman but isn’t considering listing there, although it is mulling over whether to suggest shareholders might like to reinvest their dividends....

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