Shane Jones' PGF quietly made tax-exempt

Tue, 08 Oct 2019

The government has quietly added Shane Jones' Provincial Growth Fund to the list of government entities that are exempt from paying tax. The move was done so quietly that Revenue Minister Stuart Nash's office had to check with Forestry and Regional Development Minister Jones' office when BusinessDesk asked for confirmation. A Nash spokesperson confirmed that Provincial Growth Fund Ltd was created in September to hold the loan and equity investments of the fund. "It has no operational role in the day-to-day management and administration...

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