IRD eyes hybrid instruments, related party debt in global tax avoidance clamp-down
By Paul McBeth Dec. 2 (BusinessDesk) - The Inland Revenue Department is looking at the tax treatment of hybrid debt and equity instruments and the use of related party loans funding local subsidiaries as part of a global clamp-down on tax avoidance. Acting deputy commissio...
Fletcher Building-run repair programme delivered value for money, EQC says
By Paul McBeth Dec. 2 (BusinessDesk) - The Fletcher Building-managed home repair programme in Christchurch has delivered value for money in a project with no international comparisons, with work done cheaper than the cost of building new houses, the Earthquake Commission says....
Housing NZ boss Glen Sowry quits to head Metlifecare
Dec. 2 (BusinessDesk) - The head of the government agency at the centre of the government's social housing policy, Housing New Zealand's Glenn Sowry, is quitting to become chief executive of Metlifecare, the retirement village operator that counts the New Zealand Superannuation F...
NZ dollar gains as upbeat data across Asia spurs US dollar selling
By Paul McBeth Dec. 1 (BusinessDesk) - The New Zealand dollar gained as a string of relatively upbeat economic data across Asia saw a continued sell-off in the US dollar, which had been triggered during Northern Hemisphere trading on weaker US housing and industrial data. T...
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