Tag Archives: Tax

The New Zealand government posted a small operating surplus in the seven months through January as tax revenue beat expectations, while costs were smaller than anticipated. The operating balance before gains and losses was a surplus of $77 million in the seven months ended Jan. 31, compared to a forecast deficit of $635 million and better than the shortfall of $1.06 …

There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders’ Summit in Brisbane. Cracking down on tax avoidance is one of the key agenda items at this weekend’s G20 Summit, where New Zealand is an invited guest. The G20 countries make up 85 percent of global economic activity …

 There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders’ Summit in Brisbane.  Cracking down on tax avoidance is one of the key agenda items at this weekend’s G20 Summit, where New Zealand is an invited guest. The G20 countries make up 85 percent of global economic activity …

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, …

writing services Qantas Airways, Australia’s dominant airline, has ring-fenced $10.3 million of tax losses to cover any penalties in its disputed tax case with the Inland Revenue Department over interest deductions claimed on convertible notes. The airline’s New Zealand subsidiary Jetconnect, which manages the group’s trans-Tasman passenger schedule, elected to use “tax losses within the Qantas Group against the shortfall …