Top Auckland restaurant shuts down
Hammerheads restaurant is in liquidation after occupying a prime waterfront position for more than 20 years.
AdvertisementAdvertise with NZME.
Latest fromCompany Taxation
Craig Elliffe: Multinationals face tax change
Auckland Uni tax professor Craig Elliffe says there is a proposal to change the way non-residents NZ-sourced interest is taxed.
Expect a higher deficit
Finance Minister Bill English has confirmed that this month’s Budget will see the surplus forecast a year ago turn into a deficit slightly higher than forecasted in December.
BHP demerger: Kiwis face tax bill
A tax hit facing almost 13,000 New Zealand investors in Anglo-Australian mining giant BHP Billiton is a result of "illogical" treatment of corporate demergers under this country's law, an....
Kiwi shareholders face 'unfair' BHP tax
Kiwi shareholders in Australian mining giant BHP face paying an unfair tax as the company proceeds with a "demerger" plan.
Year's home detention for $260k scam
A Bay of Plenty man has been sentenced to almost a year of home detention after he used backpackers' and other tourists' IRD numbers to file false tax returns.
Dulux takes $15.2m hit in IRD tax dispute
Dulux took a $15.2m provision to settle its tax dispute with the IRD over subsidiary Alesco NZ's use of optional convertible notes.
Little joy for NZ apparent in big Aussie tax review
The tax debate was reignited in Australia this week. Brian Gaynor dissects the Government's 196-page tax discussion paper.
Simon Moutter: Netflix has immediate advantage by avoiding GST
Is it fair big companies extract hundreds of millions of dollars of profit each year from the economy, yet contribute little or nothing to fund a civil society?
Bro'Town, IRD settle out of court
Lawyers representing a company which funded the animated comedy series Bro'Town and the IRD have reached a confidential out-of-court settlement.
US companies stash $2.1 trillion overseas
Eight of the biggest US technology companies added a combined $69 billion to their stockpiled offshore profits.
Swney's tax con hits Auckland events
A legal battle with former chief executive Alex Swney has led Heart of the City to pull funding from cash-strapped projects.
Trinity tax man Muir avoids bankruptcy
Trinity tax-scheme architect Garry Muir has avoided bankruptcy after Bank of New Zealand was repaid and the action against him withdrawn.
Govt spending cuts key to surplus
The Government's widely touted return to surplus is likely to take a further 12 months and is largely reliant on cuts to spending.
No surplus this year - Treasury
Opposition parties say new Treasury forecasts that the Crown's books will not return to surplus this year as promised by the Government are an embarrassment.
Politicians squabble over inequality
John Key drew criticism over an OECD report which estimated that growth in income inequality over 20 years has knocked 10 percentage points off NZ's economic growth.
Liam Dann: Tax-free shopping has a cost
Australian retail billionaire Solomon Lew has declared war on his Government's failure to charge GST for overseas goods bought online.
Compliance cost big for small firms
Tax compliance costs have increased for New Zealand small and medium-sized enterprises (SMEs) and the sector shoulders a disproportionately higher compliance burden than larger firms, according to an....
Apple: The worst of capitalism
Tech giants like Apple keep looking for overseas tax loopholes as their foreign cash has piled up to almost absurd levels.
Tax rules won't stop Pfizer from leaving US
The US attempt to stop companies from leaving for tax reasons won't stop Pfizer, which is still considering a deal to move.
Hobbit tax break tops $150m
New Zealand taxpayers have stumped up $153 million via tax rebates for the making of Peter Jackson's Hobbit trilogy after four years of production.
English wary on tax take, could threaten surplus
Finance Minister Bill English is warning the tax take may come in below forecast in the current financial year.
Serepisos 'flabbergasted' after arrest
Terry Serepisos says he is "flabbergasted" after he was arrested and appeared in court because of child support for his 19-year-old son.
Man jailed over tax credit scam
A Wellsford man who lied about having five children to receive $120,000 in tax credits has been jailed.
Obama condemns overseas tax deals
President Obama's denunciation of overseas mergers that lower US companies' taxes is throwing cold water on potential deals.
Budget surplus still intact
National heads into the election with its Budget surplus target broadly intact according to the latest Treasury forecasts.
Surplus at risk of vanishing
The wafer-thin surplus which the Budget pencilled in for 2014-15 is at some risk of disappearing when the Treasury updates its fiscal and economic forecasts tomorrow.
Corporate 1pc get wealthier as cash piles up
Eighteen American businesses hold 36 per cent of corporate US wealth and they are piling up cash holdings overseas because of discouraging US tax laws.