‘Appalling’ and unworkable tax laws slammed, Sin pays! (sometimes), Citizen Yan heading back to China
A look at what's in today's NBR Print Edition.
Hot Topic
Accountants
In NBR Print today: The government’s latest tax bill has come in for a powerful rucking. Part of the bill is to enact tighter disclosure rules for foreign trusts as a result of the John Shewan report but this part is so badly written it effectively exempts those trusts, former IRD head of policy Robin Oliver told a select committee. And changes that give the Minister of Revenue power to override taxpayer rights are “appalling,” according to tax expert Peter Vial. Rob Hosking reports.
Numerous studies suggest responsible investment enhances returns. But, as Jenny Ruth reports, there’s still the vexed question of whose moral compass should decide what’s ethical and what isn’t.
Controversial businessman William Yan is understood to be heading back to China in November, although his lawyer won’t say why. This comes amid speculation New Zealand may receive only about 10% of his $43 million settlement with authorities. Duncan Bridgeman reports.
UK economist Ann Pettifor has joined the chorus of economists expressing concern over the high level of private debt in New Zealand. But Finance Minister Bill English has rubbished the attack, saying policy makers have a “comprehensive plan” to fix the problem.
Sure, digital ad performance may seem murky to outsiders, acknowledges Richard Thompson. But, he says, it’s actually an open book to the only group that matters – advertisers. Nick Grant reports.
Steel & Tube shareholders have been told by the company a potential class action over non-complaint seismic steel mesh sold over the past four years has little chance of succeeding. But as Sally Lindsay reports, the litigation funder is forging ahead.
Tower’s board has presided over poor communication and worse performance, writes Tim Hunter, who says change is required.
All this and more in today’s NBR Print Edition. Out now.
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
‘Appalling’ and unworkable tax laws slammed, Sin pays! (sometimes), Citizen Yan heading back to China
61844