Settle trans-Tasman tax credits once and for all, commissioners urge

Wed, 12 Dec 2012

By Pattrick Smellie Dec. 13 (BusinessDesk) - The New Zealand and Australian governments should settle once and for all the long-running argument over the tax treatment of imputation credits, which currently penalises trans-Tasman investors, says a new report from the two country's productivity commissions. The commissions suggest such a move could cost Australia as much as $1 billion a year in lost tax revenue and New Zealand as much as $220 million, while delivering a boost to economic growth that could be worth up to $US300 million a year....

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