Trustpower test case on tax deductions for project costs reaches Supreme Court

Tue, 08 Mar 2016

By Paul McBeth March 8 (BusinessDesk) - Trustpower opened its challenge to a judgment against its claim $for 17.7 million of tax deductions on project costs between 2006 and 2008 in the Supreme Court today, in a case being closely watched by other large-scale infrastructure developers. The Tauranga-based company is seeking to overturn a Court of Appeal ruling backing Inland Revenue Department's decision to disallow tax deductions on spending for a feasibility study when Trustpower took early steps towards obtaining resource consents over...

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