Tax office appeals Vector's $53 million win on CBD tunnel

Thu, 25 Sep 2014

By Suze Metherell Sept. 25 (BusinessDesk) - The Inland Revenue Department will appeal a High Court decison which found in favour of Vector over a $53 million payment relating to the Auckland electricity and gas network operator's access rights to its Auckland CBD tunnel. Last month, Justice John Faire the High Court in Auckland's declared payments made by national grid operator Transpower in relation to the underground tunnel, known as NSTC, didn't constitute income and cancelled the tax department's assessment, according to the Aug. 29 j...

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