The Supreme Court has upheld the Inland Revenue Department’s bid to keep $127.5 million goods and services tax on the 2003 sale of 170,000 hectares of central North Island forestry. The long-running tax dispute stemmed from KordaMentha’s Michael Stiassny and Grant Graham, as receivers for Forestry Corp and Citic New Zealand, paying the tax bill in 2003 when selling the …

Fonterra will open an office in Delhi  next year and has appointed Hamish Gowans GM to run the Indian operations. It will be the Co-operative’s first operating office in India and the first time Fonterra has employed its own India-based staff. These developments follow Fonterra’s strategy refresh in March. Fonterra President Greater China and India Kelvin Wickham said the opening …

Women’s Affairs Minister Jo Goodhew  joined with the Institute of Directors in Auckland to celebrate the successful completion of its 2012 mentoring programme, and welcome a new intake of 27 women for 2013. “The Institute of Directors is to be congratulated for its persistence and commitment to increasing the number of women on private sector boards,” Goodhew said. “It is …