<i>Alan Scott:</i> A silly time to get too clever with your tax strategy
With the system in flux and the IRD zeroing in on avoidance, this is no time for overly-aggressive tax planning.
With the system in flux and the IRD zeroing in on avoidance, this is no time for overly-aggressive tax planning.
While hurting Hanover investors struggle with the loss of millions, the company's owners continue to splurge on upmarket properties.
Boston Finance has been put into receivership less than a week after it was supposed to have repaid all of the money it owed to investors.
Hanover investors will have to make a decision whether to approve the company's proposed debt-for-equity swap with Allied Farmers.
The $400 million deal by Allied Farmers to buy assets from Hanover Finance has been greeted with scepticism.
Hanover owners Eric Watson and Mark Hotchin are tipped to come off well from a proposed deal to bail out investors.
Treasury has tweaked the retail deposit scheme to help companies wean themselves off Crown support.
Allied Farmers has signed an agreement with Hanover Finance and its subsidiary United Finance worth approximately $400 million.