Inland Revenue needs powers to liquidate empty trusts with no assets to send a message to other taxpayers and trustees, the Court of Appeal was told this week.
The IRD is appealing a High Court decision which rejected its bid to liquidate Newmarket Trustees, a corporate trustee which acts
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Rob Hosking
Thu, 26 Apr 2012
Thu, 26 Apr 2012
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IRD cites 'deterrence' in Newmarket Trusts case
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