IRD's Frucor tax win a blow to business financing
KPMG partner says ruling takes business tax planning "back to square one".
Inland Revenue’s successful appeal in a long-running convertible notes tax dispute is a major blow for taxpayers and businesses, a KPMG tax partner says.
The IRD and beverage company Frucor have for more than a decade disputed whether the latter’s use of a convertible notes funding
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