The government may have to fix up a gap in tax law to make it clearer what firms embarking on large feasibility studies can and cannot claim as deductible expenses. With special feature audio.
"My sense is that, when the noose is tightened around these countries, we will probably be net beneficiaries of the tax base," Revenue Minister Michael Woodhouse said. With special feature audio.
It is a bit like that advertisement involving the well-sculpted bloke in briefs, walking away from the beach.
The voiceover goes “togs, togs, togs ...” and, as he gets further away from the foreshore, it suddenly yells, with alarm, “undies!”