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ASB loses evidence bout in $153m IRD stoush

Victoria Young
Thu, 18 Sep 2014

ASB has lost an early bid for evidence at its High Court case against the taxman over foreign transactions.

The bank is suing the IRD, which claims an arrangement known as the “Yen Transaction” is a tax avoidance scheme.

The Commissioner of the IRD has issued penalties under the tax

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Victoria Young
Thu, 18 Sep 2014
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ASB loses evidence bout in $153m IRD stoush
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