Kiwibank’s capital problem is its tax liability – banking expert
Should Kiwibank be explaining what the problem is?
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A banking expert reckons the problem with Kiwibank’s quasi-equity issues is that the special purpose vehicle (SPV) it has issued from may be liable for paying the tax liabilities for the whole Kiwibank and New Zealand Post group.
Kiwibank has sold about $350 million of quasi-equity or capital
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Jenny Ruth
Wed, 12 Apr 2017
Wed, 12 Apr 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Kiwibank’s capital problem is its tax liability – banking expert
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