How much more juice can IRD squeeze?

How much more juice can IRD squeeze?
The IRD sets a high bar for its return on investment for investigations. (Image: Deposit Photos))
Paul McBeth
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...

More Opinion

Why luxury needs a wake-up call
Opinion Fashion

Eden Bradfield: Why luxury needs a wake-up call

The focus should be on selling consumers a lifestyle, not just status symbols. 

Eden Bradfield 01 Jul 2025
Facebook is no place for risky financial investment offers
Opinion

Maria Slade: Facebook is no place for risky financial investment offers

Misleading ads continue to be thrust in the faces of Mum and Dad investors.

Maria Slade 30 Jun 2025
Money, Money, Money
Opinion

Simon Robertson: Money, Money, Money

Like it or not, everything digital is coming.

Simon Robertson 28 Jun 2025