UPDATE: Trustpower 'very disappointed' with Supreme Court judgment

Wed, 27 Jul 2016

(UPDATE: recasts, adds comment from Trustpower in 6th par) By Paul McBeth July 27 (BusinessDesk) - Trustpower is "very disappointed" with a Supreme Court ruling dismissing its bid to claim tax deductions on $17.7 million of project costs in a case closely watched by large-scale infrastructure developers. The country’s top court sided with the Inland Revenue Department, disallowing Trustpower’s appeal to claim tax deductions for the cost of what Trustpower described as “feasibility expenditure” on four potential projects in the South Is...

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