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Drought to eat into tax take

Inland Revenue is applying “income equalisation discretion” to help drought-affected farmers in those regions.

Jamie Ball
Thu, 12 Feb 2015

The official declaration of drought along the east coast of the South Island this afternoon may cause a reduced provisional tax take and farmers won't be getting wholesale handouts.

The medium-scale event status has been declared for Northern Otago and all of Canterbury and Marlborough, while

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Jamie Ball
Thu, 12 Feb 2015
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Drought to eat into tax take
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