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Opinion

How much more juice can IRD squeeze?

Paul McBeth
Fri, 25 Jun 2021

The IRD sets a high bar for its return on investment for investigations. (Image: Deposit Photos))
Paul McBeth
Fri, 25 Jun 2021
I’m sure the tax specialists at Frucor have gone through a power of V over the past decade.When every other corporate waved the white flag in the early 2010s over their use of convertible notes, Frucor dug in its toes and said ‘no’, these were perfectly lawful tax minimisation techniques for their time, even if they wouldn’t pass muster now.The Inland Revenue Department had been on a roll at the time after the 2004 Trinity forest ruling laid the foundation for a more activist approach to tax collection. It had knocked ov...

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Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

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Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.