Profitable firms have ‘moral obligation’ to repay wage subsidy – KPMG

Fri, 25 Sep 2020

Finance professionals are grappling with profitable firms hanging on to the government’s wage subsidy, with KPMG advising clients to repay the money if they didn’t need it.The advisory firm’s partners were asked for their view on whether firms should repay the subsidy, giving Finance Minister Grant Robertson a brief reprieve at yesterday’s INFINZ event in Wellington where he was outlining Labour’s economic policy ahead of the Oct. 17 election.Jack Carroll, KPMG’s head of advisory, had already said he was surp...

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