Mercury’s $6m tax question
IRD had drawn a distinction between geothermal and hydroelectric assets.
Victoria Young
Mon, 17 Jun 2019
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When is a structure a building and not plant?
It might be a technical tax question but it is a $6 million one before Justice Anne Hinton in the High Court at Auckland this week.
Mercury NZ has raised the issue following a 2011 tax change by Inland Revenue, which disallowed tax deductions
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Victoria Young
Mon, 17 Jun 2019
Contact the Writer: victoria@nbr.co.nz
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Mercury’s $6m tax question
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