Trustpower in trading halt as it awaits Supreme Court ruling on IRD dispute

Tue, 26 Jul 2016

By Sophie Boot July 27 (BusinessDesk) - Trustpower is in a trading halt as it awaits a Supreme Court ruling on its dispute with the Commissioner of Inland Revenue, due to be released today. The electricity generator and retailer controlled by Infratil asked the country's highest court to overturn a ruling from the Court of Appeal in the tax department's favour, which quashed a High Court decision siding with the power company and confirmed IRD's disallowing of deductions on $17.7 million of feasibility expenditure claimed in the 2006, 20...

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