IRD says losses of $15 million from a John Russell-linked company should be disallowed as tax avoidance.
Victoria Young Wed, 18 Mar 2015
Inland Revenue’s No 1 enemy, John George Russell, has lost his latest court fight.
Mr Russell, who has a personal tax bill of more than $400 million, went to the Court of Appeal last month to move one of his cases from the High Court to the Taxation Review Authority.
The case concerns a company
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).