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Banks Settle Long Running Tax Dispute -- Pay Taxpayer $2.2b

Wellington, Dec 23 NZPA - Four major banks tonight settled long-running disputes with the Inland Revenue Department (IRD), and will pay 80 percent of the amount in dispute, more than $2.2 billion.

Banks Settle With IRD

Banks Settle With IRD
Wellington, Dec 23 NZPA - Four major banks have settled their long-running disputes with the Inland Revenue Department. The Commissioner of Inland Revenue, Robert Russell, and the Solicitor-General, David Collins QC, said they are pleased long-running tax disputes have been settled.

Allied Farmers Shares Plunge As Hanover Investors Start Sell

Allied Farmers Shares Plunge As Hanover Investors Start Sell
Wellington, Dec 21 NZPA - Allied Farmers shares fell 32 percent to 10c today as investors in Hanover Group started trading the shares they received in the deal that only just got investor approval last week.

Wilson: Key Doesn't Need To Take Risks In 2010

Wilson: Key Doesn't Need To Take Risks In 2010
Well, there were some goodies under the Government's Christmas tree after all. Wellington got a $2 billion highway and some tunnels, for which Transport Minister Steven Joyce has been duly thanked.

Allied Farmers Shares Fall Nearly A Third

Allied Farmers Shares Fall Nearly A Third
Wellington, Dec 21 NZPA - Allied Farmers shares lost nearly a third of their value by lunchtime today after 1.9 billion shares were issued to the former investors in Hanover Finance.

Key Still Hopeful Of A Deal At Copenhagen

Key Still Hopeful Of  A Deal At Copenhagen
Wellington, Dec 18 NZPA - Prime Minister John Key remains hopeful of a deal at Copenhagen but thinks if progress is to be made ambitions may need to lower.

PM To Lead Response To Capital Markets Report Next Year

PM To Lead Response To Capital Markets Report Next Year
Wellington, Dec 16 NZPA - The Government is promising a quick response in the new year to a report recommending a range of moves to improve capital markets in New Zealand.

Black Holes In Financial Regulation Need Fixing, Says Weldon

Wellington, Dec 16 NZPA - NZX chief executive Mark Weldon believes that fixing "black holes" in the regulation of financial products in New Zealand could usher in a new era for capital markets.

CTU Says Govt Must Create Jobs

CTU Says Govt Must Create Jobs
Wellington, Dec 16 NZPA - Unions are calling on the Government to put more money into job creation after the Treasury reported a slightly improved economic outlook. The Treasury update, released yesterday, showed the recession had hurt the economy but not as much as had been feared.

Debt Issuers Face New Rules, Power Says

Debt Issuers Face New Rules, Power Says
Wellington, Dec 14 NZPA - Debt issuers, including finance companies dealing with moratoria, will face tougher regulations from January 31 next year, Commerce Minister Simon Power says.

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