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Robert Russell

Banks Settle With IRD -- $2.2b Present For Taxpayer

Banks Settle With IRD -- $2.2b Present For Taxpayer
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 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.

ASB Estimates $285 Million Exposure To NZ Tax Case

ASB Estimates $285 Million Exposure To NZ Tax Case
Wellington, Oct 15 NZPA - ASB Bank's exposure to tax liabilities from disputed structured finance transactions is less than a third of rival bank Westpac's.

Westpac Tax Court Case Has Ramifications For Banks, Economy

Westpac Tax Court Case Has Ramifications For Banks, Economy
Wellington, Oct 8 NZPA - Westpac Banking Corp copped a near billion dollar tax bill today, which some people believe may have ramifications for the cost of credit in New Zealand.

Westpac Loses NZ Structured Finance Tax Case

Westpac Loses NZ Structured Finance Tax Case
Wellington, Oct 8 NZPA - Westpac Banking Corp has lost a court case in which $961 million of tax and interest is in dispute with New Zealand's Inland Revenue Department (IRD).

BNZ To Appeal Structured Finance Transaction Tax Case

BNZ To Appeal Structured Finance Transaction Tax Case
Wellington, Aug 11 NZPA - Bank of New Zealand has decided to appeal the tax case it lost in the High Court last month and is making a $661 million provision for the case in it accounts.

BNZ Loses Court Case With $654m In Tax And Interest In Dispute

BNZ Loses Court Case With $654m In Tax And Interest In Dispute
Wellington, July 16 NZPA - National Australia Bank (NAB) switched a structured finance transaction from the UK to New Zealand when NAB's UK tax position became uncertain.

BNZ Loses Structured Finance Court Case

BNZ Loses Structured Finance Court Case
Wellington, July 16 NZPA - Bank of New Zealand has lost a court case in which $416 million of tax resulting from international structured finance transactions was disputed, but the bank said it is likely to appeal.

IRD Urges Recession-Hit Businesses To Come In And Talk To Them

IRD Urges Recession-Hit Businesses To Come In And Talk To Them
Wellington, March 19 NZPA - Inland Revenue is urging companies having trouble paying their tax bills to see them before defaulting.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.